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Apple disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices.

Apple released two securityreports about the issue on Wednesday, although they didnt receive wide attention outside of tech publications.

Apples explanation of the vulnerability means a hacker could get full admin access to the device. That would allow intruders to impersonate the devices owner and subsequently run any software in their name, said Rachel Tobac, CEO of SocialProof Security.

Security experts have advised users to update affected devices the iPhone6S and later models; several models of the iPad, including the 5th generation and later, all iPad Pro models and the iPad Air 2; and Mac computers running MacOS Monterey. The flaw also affects some iPod models.

Apple did not say in the reports how, where or by whom the vulnerabilities were discovered. In all cases, it cited an anonymous researcher.

Commercial spyware companies such as Israels NSO Group are known for identifying and taking advantage of such flaws, exploiting them in malware that surreptitiously infects targets smartphones, siphons their contents and surveils the targets in real time.

NSO Group has been blacklisted by the U.S. Commerce Department. Its spyware is known to have been used in Europe, the Middle East, Africa and Latin America against journalists, dissidents and human rights activists.

Security researcher Will Strafach said he had seen no technical analysis of the vulnerabilities that Apple has just patched. The company has previously acknowledged similarly serious flaws and, in what Strafach estimated to be perhaps a dozen occasions, has noted that it was aware of reports that such security holes had been exploited.

The Associated Press

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Apple warns of security flaw for iPhones, iPads and Macs - The Free Press

If you want to know who really controls BigCommerce Holdings, Inc. (NASDAQ:BIGC), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 57% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

As a result, institutional investors endured the highest losses last week after market cap fell by US$183m. Needless to say, the recent loss which further adds to the one-year loss to shareholders of 66% might not go down well especially with this category of shareholders. Often called market makers, institutions wield significant power in influencing the price dynamics of any stock. As a result, if the decline continues, institutional investors may be pressured to sell BigCommerce Holdings which might hurt individual investors.

Let's take a closer look to see what the different types of shareholders can tell us about BigCommerce Holdings.

See our latest analysis for BigCommerce Holdings

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in BigCommerce Holdings. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of BigCommerce Holdings, (below). Of course, keep in mind that there are other factors to consider, too.

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It looks like hedge funds own 15% of BigCommerce Holdings shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Our data shows that Darsana Capital Partners LP is the largest shareholder with 9.5% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 7.3% of common stock, and Wadih Machaalani holds about 6.8% of the company stock. In addition, we found that Brent Bellm, the CEO has 3.0% of the shares allocated to their name.

We did some more digging and found that 10 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own a reasonable proportion of BigCommerce Holdings, Inc.. It is very interesting to see that insiders have a meaningful US$231m stake in this US$1.3b business. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.

With a 10% ownership, the general public, mostly comprising of individual investors, have some degree of sway over BigCommerce Holdings. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

It's always worth thinking about the different groups who own shares in a company. But to understand BigCommerce Holdings better, we need to consider many other factors. Case in point: We've spotted 4 warning signs for BigCommerce Holdings you should be aware of.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. Its FREE.

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In the wake of BigCommerce Holdings, Inc.'s (NASDAQ:BIGC) latest US$183m market cap drop, institutional owners may be forced to take severe actions -...

U.S. National Highway Traffic & Safety Administration| Detroit Free Press

The U.S. National Highway Traffic Safety Administration has issued recalls for July 7 through 14, including a Nissan recall involving 180,176 units and a Ford recall involving 100,689 units. See the list of this week's car recalls involving ten or more units below, or search USA TODAY's automotive recalls database for more:

Volkswagen Group of America, Inc. (Audi) is recalling certain 1998 Audi A8 and 1997-1998 Audi A4 vehicles equipped with Non-Azide Driver air bag Inflators (NADI) that do not contain phase stabilized ammonium nitrate (PSAN) propellant. Due to a manufacturing issue, the NADI inflator may absorb moisture, causing the inflator to explode or the air bag cushion to underinflate. 28,624 units are affected. Read more

General Motors, LLC (GM) is recalling certain 2018-2020 Buick Regal vehicles. In the event of a vacuum-power brake assist failure, a software error in the electronic brake control module (EBCM) may result in a loss of power brake assist. As such, these vehicles fail to conform to Federal Motor Vehicle Safety Standard No. 135, "Light vehicle brake systems." 23,734 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2022 Lincoln Aviator and Ford Explorer vehicles. The engine rails may have been improperly heat-treated. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard numbers 208, "Occupant Crash Protection" and 301, "Fuel System Integrity." 1,000 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2020-2022 Escape, 2021-2022 Lincoln Corsair, and 2022 Maverick vehicles equipped with 2.5L HEV or PHEV engines. In the event of an engine failure, engine oil and fuel vapor may be released into the engine compartment and accumulate near ignition sources such as hot engine or exhaust components, possibly resulting in an engine compartment fire. 100,689 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2022 F-150 BEV vehicles equipped with 20" or 22" all season tires. The tire pressure monitoring system (TPMS) light may not illuminate as intended, failing to warn the driver of low tire pressure. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 138, "Tire Pressure Monitoring Systems." 2,666 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2022 Bronco and Ranger vehicles. The windshield may not have been properly bonded to the vehicle, which could allow it to detach during a crash. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 212, "Windshield Mounting." 63,294 units are affected. Read more

Honda (American Honda Motor Co) is recalling certain 2020-2022 GL1800 Gold Wing motorcycles equipped with manual transmissions. An ignition timing software error for the engine control unit (ECU) may reduce engine performance, which can result in an engine stall. 1,740 units are affected. Read more

Hyundai Motor America (Hyundai) is recalling certain 2017-2018 Ioniq HEV and Ionic PHV vehicles previously recalled under recall number 18V-704. The Power Relay Assembly (PRA) located underneath the rear seat may overheat. 10,575 units are affected. Read more

Hyundai Motor America (Hyundai) is recalling certain 2020-2022 Venue vehicles. In the event of a crash, the front driver-side and/or passenger-side seat belt pretensioners may explode upon deployment. 72,470 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2022 Lincoln Aviator and Ford Explorer vehicles. The engine rails may have been improperly heat-treated. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard numbers 208, "Occupant Crash Protection" and 301, "Fuel System Integrity." 1,000 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2022 Lincoln Navigator vehicles. The headlight control module software may cause the side marker and daytime running lights to fail. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 108, "Lamps, Reflective Devices, and Associated Equipment." 965 units are affected. Read more

Ford Motor Company (Ford) is recalling certain 2020-2022 Escape, 2021-2022 Lincoln Corsair, and 2022 Maverick vehicles equipped with 2.5L HEV or PHEV engines. In the event of an engine failure, engine oil and fuel vapor may be released into the engine compartment and accumulate near ignition sources such as hot engine or exhaust components, possibly resulting in an engine compartment fire. 100,689 units are affected. Read more

Mercedes-Benz, LLC (MBUSA) is recalling certain 2020 Mercedes-Benz GLS 450 and GLS 580 vehicles. The front air bag wiring harness may be routed incorrectly, which can cause the air bag not to deploy properly. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 208, "Occupant Crash Protection." 81 units are affected. Read more

Mercedes-Benz, LLC (MBUSA) is recalling certain 2022 Mercedes-Benz EQS 450, EQS 580 and AMG EQS53 vehicles. The front or rear bumper tow ring assembly may have insufficient thread depth, which can result in the tow ring detaching from the vehicle. 2,526 units are affected. Read more

Daimler Vans USA, LLC (DVUSA) is recalling certain 2016-2018 Mercedes-Benz Metris vans. The value for the maximum combined load weight capacity of the tires is incorrect. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 110, "Tire and Loading Information." 24,403 units are affected. Read more

Nissan North America, Inc. (Nissan) is recalling certain 2020-2022 Frontier and Titan vehicles. The transmission parking pawl may not engage when the vehicle is shifted into park, which can result in a vehicle rollaway. 180,176 units are affected. Read more

Subaru of America, Inc. (Subaru) is recalling certain 2022 Outback vehicles. The engine wiring harness may have been damaged, resulting in a loose electrical connection to the engine control unit (ECU). 15 units are affected. Read more

To find more recalls for vehicles, groceries, consumer products and more, visit USA TODAY's searchable recalls database.

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Nissan, Ford among vehicle recalls this week - Detroit Free Press

Log4j incident response within the community shows collaboration & dedication to security | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

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Log4j incident response within the community shows collaboration & dedication to security - Security Magazine

A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore

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July 13 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX) said on Wednesday it was in talks with private equity giant KKR & Co (KKR.N) to buy software firm MYOB Group, in a deal that local media has pegged at over A$4.5 billion ($3.04 billion).

ANZ's confirmation of the news comes at a time when major Australian banks have been divesting non-core operations to simplify their businesses and focus on their core competency, lending.

ANZ's larger 'Big 4' rival Westpac Banking Corp (WBC.AX) has sold its general insurance arm and some of its financial advisory business in the past two years, while Commonwealth Bank (CBA.AX) exited a near two-decade investment in China's Bank of Hangzhou (600926.SS) earlier this month. read more

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Aggressive hikes by the central bank to rein in inflation have rudely awaken banks from pandemic-era near-zero interest rates, keeping margins under pressure.

As rising rates now have the housing market in a chokehold, banks are knuckling down on their lending operations. In such an environment, analysts have cast doubts on ANZ's decision to buy an accounting software company from a PE firm at a hefty price.

KKR had taken MYOB private for A$1.6 billion in a 2019 deal, which was one of its biggest acquisitions in Australia at the time. (https://www.reuters.com/article/myob-m-a-kkr-idINKCN1RF0BX)

Banks do not necessarily need to own accounting platforms as they have products which take data from such platforms to approve loans and accurately access cash flow risks, Jefferies analysts said in a note.

Morningstar analyst Nathan Zaia said he would "rather not see so much capital deployed in a non-banking business, especially buying a business from private equity."

ANZ may be looking to win market share in small and medium enterprise (SME) lending through an integrated banking and accounting offering, but there are less capital-intensive ways of doing that, Zaia said.

While KKR declined to provide additional details on the deal, ANZ wasn't immediately available for further comments but said in a statement that no deal has been reached. It also did not disclose the deal value.

ANZ's shares closed 1.2% lower at A$22.43 on Wednesday, when its "big four" peers closed higher.

($1 = 1.4780 Australian dollars)

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Reporting by Indranil Sarkar and Harshita Swaminathan in Bengaluru; Editing by Amy Caren Daniel and Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.

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ANZ in talks to buy KKR's accounting software firm in reported $3 bln deal - Reuters