Notorious Chinese hacking company went nearly a year undetected in Littleton utility company
In 2023, the FBI alerted Littleton Electric, Light, and Water Departments (LELWD) that their company was one of many to be attacked by Volt Typhoon, a state-sponsored hacking group from the People's Republic of China (PRC).
LEWLD went to work immediately, acting with federal partners Evolab Technology Solutions and Dragos to locate the individuals who compromised the system and lock down their network.
Prior to the attack, LEWLD had already taken steps to bolster their cybersecurity before enacting help from Dragos and Evolab. Dragos released a case study with more information on how the company assisted LEWLD in attacking their threat.
No customer data had been compromised, and LEWLD's operations went unimpacted.
Nick Lawler, General Manger of LEWLD, stated, 'We currently still work with our Federal partners and IT/OT experts to ensure the integrity of our network, and that we continue to provide safe, reliable electricity to the communities that we serve.'
Boston 25 News reached out to the FBI for comment, in which they declined to give one.
This is a developing story. Check back for updates as more information becomes available.
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New York Post
21 minutes ago
- New York Post
Lucy Guo's advice to other billionaires: 'Act broke, stay rich'
Tech entrepreneur Lucy Guo, 30, recently dethroned Taylor Swift as the youngest self-made female billionaire on the planet. But don't expect her to be popping Champagne bottles. 'I feel like the title changes every year,' Guo told The Post about the Forbes magazine ranking. 'It means almost nothing to me personally.' Guo's billion-dollar bounty comes from Scale AI, the artificial intelligence data-labeling startup she launched in 2016 with Alexandr Wang, when she was just 21. She left two years later but held onto an estimated 5% stake — a small slice that turned into a massive windfall this April when insider shares valued Scale AI at $25 billion, making Guo's cut worth an estimated $1.2 billion. 11 Tech entrepreneur Lucy Guo, 30, recently dethroned Taylor Swift as the youngest self-made female billionaire on the planet. Margot Judge for NY Post So, yeah. She's officially a billionaire, but doesn't feel like one. Guo's motto? 'Act broke, stay rich.' The coder-turned-founder still clocks 90-hour workweeks with a schedule that starts at 5:30 a.m. and ends at midnight — including up to four Barry's Bootcamp classes a day. Guo credits her 'no sleep' DNA to her parents, Chinese immigrants who worked as engineers in the San Francisco Bay area. 11 Guo made the cover of Forbes in April. Her billion-dollar bounty comes from Scale AI, the AI data-labeling startup she launched in 2016 with Alexandr Wang, when she was just 21. guofortit/Instagram The fast-talking tech trailblazer doesn't believe in wasting time. 'I don't watch TV or scroll TikTok,' Guo admitted. 'So that gives me many extra hours in a day. I'm constantly on the go, whereas a lot of people build in relaxation time. I do fill in my schedule with fun stuff, like at 10 p.m. maybe I'll go get dinner with friends.' While she may not splurge on Bentleys or Birkins, Guo has no shortage of interests — including Barry's, EDM music festivals, skateboarding, skydiving, collecting Pokémon plushies and building startups from scratch. Her latest professional passion project is Passes, the creator-driven platform she founded in 2022 that's already generating six-figure incomes for influencers, YouTubers, podcasters, astrologers and even golfers. 11 The Post previously photographed Guo at home in 2022. Sonya Revell for The New York Po 'Passes is a full-stack business platform for creators,' Guo explained. 'They can sell merch, subscriptions, unreleased YouTube videos, live streams and group chats to their superfans all in one place.' The idea for Passes came to her during the pandemic while running a start-up incubator. Guo saw creators like Logan Paul and Kylie Jenner building nine-figure brands and realized the real power lay in ownership. 'Creators are very unique. They can sell anything, and they don't have the typical customer acquisition costs that normal people have,' she said. 'They are these small businesses that can become larger businesses, but they've been mismanaged. No one was helping them get equity or build generational wealth.' 11 Among her extracurricular passions — learning to DJ. guofortit/Instagram With Passes, Guo aims to fix that. She's introduced a suite of tools to help creators monetize their brands, from in-house design to AI. Most significantly, creators keep 90% of their profits. 'We've become 80% to 100% of the creator's income,' Guo said with obvious pride. 'Even creators who have millions of followers on other platforms tell us that we are the most consistent income they have, and the majority of their income as well.' Unlike Instagram or TikTok, Passes is focused on the relationship between creators and their superfans, with monetization baked in. 'Instagram builds for breadth,' Guo said. 'Passes builds for depth. We're more like Patreon.' Still, comparisons to another platform, OnlyFans, persist. She insist's that not accurate. 11 Guo posted a photo with Bill Gates on her Instagram, joking, 'One of my guilty pleasures is being the dumbest person in the room.' guofortit/Instagram 'Our feature set is vastly different from OF. And even if you're not doing nudes on OF, the type of creator we attract would never go on OF because they don't want that as part of their brand.' The digital disruptor also points out that Passes has a no-nudity policy and stricter guidelines than OF. Nevertheless, there's been some controversy at Passes. A class-action lawsuit this year alleged underage content slipped through the cracks — claims Guo calls 'a shakedown.' 'We filed a motion to dismiss,' she said, denying the allegations. 'Their claims don't match the investigation that we found. Bad actors are always going to be bad actors, and we just do our best to try to prevent this.' 11 Guo is also an avid skateboarder. Sonya Revell for The New York Po Passes currently has around 50 employees, thousands of creators and millions of subscribers. The biggest moneymakers include golfer Charley Hull, YouTuber Sssniper Wolf and a surprising niche: astrologers who sell daily horoscopes. 'Our creators are doing amazing things,' Guo said. 'And we're just getting started.' Her career has always been ahead of the curve. She began coding in second grade, studied computer science and HCI at Carnegie Mellon — and then dropped out after earning a $100,000 Thiel Fellowship. The California native interned at Facebook, became the first female designer at Snapchat and met her Scale AI cofounder, Wang, at Quora. The rest is billion-dollar history. But despite her self-made status, Guo is still sometimes underestimated. 11 She founded the platform Passes — which occupies a 25,000-square-foot office in Los Angeles. Margot Judge for NY Post 'People don't understand how much work it takes to get here,' she said. 'They see the headlines, but they don't see the 18-hour days.' And the billionaire has had her fair share of headlines, including the time she hosted a wild rager at her $6.1 million luxury apartment in Miami, replete with a lemur and snake. The party did not win over her neighbors like David Beckham, and she was reprimanded by the building's HOA. Soon after, Guo moved back to the West Coast, and bought a $4.2 million, five-bedroom mansion in Los Angeles that boasts a dipping pool and screening room. Being in LA also allows her to personally interact with creators in Passes' 25,000-square-foot state-of-the-art office. 'They come to our office to shoot content and record podcasts,' she said. 'It's a relationship-driven business. We're even building a music studio.' Guo's love of music, especially EDM, runs deep. Her obsession began at age 20, when she saw Major Lazer at Outside Lands Music & Arts Festival at Golden Gate Park in San Francisco. 'When I was living in San Francisco, I was not as happy as a person,' she admitted. 'But I was blown away by my first EDM experience. I think it's been proven that EDM makes you happier based off the BPM. It's all very positive, happy energy.' 11 The billionaire has had her fair share of headlines, including the time she hosted a wild rager at her then-home in Miami, replete with a lemur (pictured) and a snake. Guo's now learning to DJ and often hops behind the decks when friends perform: 'I played for 30 minutes at a club in LA recently and people were like, 'That set was so good!'' She always keeps a music-filled USB in her bag, and will fly to a music festival on a minute's notice, especially for her favorite DJs like Layton Giordani, Kygo, Gryffin, Mau P. and Zedd. Already this summer, she hit Europe for a month of VIP access at various music festivals. Guo also attended the A-list launch of the Ritz-Carlton Yacht Collection in Barcelona, alongside Tom Brady, Sofía Vergara and Naomi Campbell. She's next planning to visit Kenya and witness firsthand the great migration of wildlife across the Serengeti-Mara ecosystem. 11 Guo collects Pokémon plushies. guofortit/Instagram 'I pick destinations based on views or mountains,' she said. 'If it has a Barry's Bootcamp, even better.' Guo is also a low-key Swiftie — though she jokes that beating Taylor Swift on the billionaire list hasn't changed things much for her. 'The only difference is my DMs are popping,' she said. 'Lots of celebrities trying to hang out. But now I'm more cautious. Do they think I'm hot? Do they want advice? Or are they just hoping for a PJ ride? It's made me put up my guard more.' 11 'I've been on all sides — engineer, VC, founder — but what excites me the most is product,' Guo said. Margot Judge for NY Post Guo was even mistakenly linked to Orlando Bloom in a tabloid because they were spotted next to each other at a party. 'I turned around and glanced at a wall, and the paparazzi snapped a photo,' she said, laughing. 'I'm definitely not dating Orlando Bloom.' The 30-year-old insists she doesn't have time to date, in fact. 'I've been on all sides — engineer, VC, founder — but what excites me the most is product,' she said. 'Figuring out the next feature, building tools people actually use, helping creators go big. That's what I love.' Just don't expect Guo to slow down anytime soon. 'I have too much energy to burn.'
Yahoo
40 minutes ago
- Yahoo
New tax law increases big beyond-the-grave tax break for the wealthy
The US federal estate tax has come a long way since 2000, when the exemption level was set at $675,000. The amount has increased greatly over the past quarter century. Americans who die in 2025 may leave behind tax free to their heirs up to $13.99 million. That exemption level had been set to expire after this year and snap back to a little more than $7 million per person. But that won't happen. Instead, starting in 2026, the exemption level will increase by roughly 7.2% to $15 million and adjust for inflation every year thereafter. That's courtesy of the One Big Beautiful Act that Republicans pushed through in time for President Donald Trump to sign it into law on his self-appointed deadline of July 4. Keep in mind, while not new, the exemption level is effectively doubled for married couples. That's because any unused exemption from the first spouse who dies can be passed to the surviving spouse, and the decedent's estate can pass to the widow or widower tax free. Then, when they die, they will get up to two times the individual exemption level. So that comes to $27.98 million tax free for couples this year and $30 million next year. (It's also worth noting that the estate tax exemption level is the same as the lifetime gift tax exemption level. That means essentially how much you're allowed to exempt from estate taxes at death is reduced by how much you gave away in gifts while you were alive.) The OBBA did not change the federal tax rates imposed on the taxable portion of estates. They're set on a graduated scale, from 18% to 40% with the initial portion above the exemption level taxed at 18%, the next portion at 20% and so on up to 40%, which is well below the 55% top rate that applied in 2001. How many estates are affected? Raising the exemption level to $15 million a person is likely to further reduce the already low share of estates subject to the estate tax. In 2001, roughly 2.1% of Americans who died left behind taxable estates — and that number dropped to just 0.07% in 2019, according to the Congressional Research Service. That share was expected to rise to 0.2% in 2026, had the exemption level snapped back to roughly $7 million as was scheduled. Despite those very tiny percentages, the Joint Committee on Taxation estimates that the OBBA change will reduce federal revenue by nearly $212 billion over the next decade relative to what the law had called for before OBBA was enacted. Don't forget about your state Even if your estate or that of a loved one falls well below the federal exemption level, the estate may still be considered taxable in the state where a decedent was living when they died. As of this year, 12 states and the District of Columbia have an estate tax, according to the Tax Foundation. The states are: Connecticut, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New York, Oregon, Rhode Island, Vermont and Washington. The exemption levels and the tax rates imposed vary from state to state. In Massachusetts, for example, the exemption level is $2 million, and depending how much more an estate is worth above that threshold, it may be subject to a tax rate between 0.8% and 16%. In Washington, up to $3 million may be exempt from the state estate tax but rates run as high as 35% on the taxable portion of an estate. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


CNBC
an hour ago
- CNBC
If Apple makes a foldable phone, analysts say this stock will benefit
Even if Apple's long-awaited foldable may still be months or years away, buyers are lining up for a potential major supplier: Chinese glass maker Lens Technology . It's "one of the key beneficiaries of [the] foldable iOS smartphone supply chain," Citi analysts led by Kyna Wong said in a July 14 report about Lens Tech. They estimate the device could contribute to 5% of the Chinese company's revenue next year, and 12% in 2027. In a report last week, reputable Apple analyst Ming-Chi Kuo kept up expectations that the iPhone maker will begin making a foldable next year. Apple has not made any announcements, and did not immediately respond to a request for comment on whether Lens Tech would provide the "ultra thin glass" that covers the phone display panel. The Citi report initiated coverage of Lens Tech after its stand out Hong Kong public offering on July 9 — raising 4.77 billion HKD ($610 million) on the exchange's busiest day ever for listings — five IPOs at once. Bank of America Securities was one of the underwriters. The Citi analysts rate Lens Tech a buy, with a price target of 26 HKD ($3.13), or nearly 25% upside from Friday's close. "We believe the H-share listing is positive for the company," the analysts said, "as it should provide more cash for potential R & D initiatives and overseas capacity expansion, and expand the overseas institutional investor base." U.S. hedge fund magnate Steve Cohen has jumped in, with multiple purchases over three days that brought his stake in Lens Tech to 8.41% of issued voting shares, according to filings with the Hong Kong stock exchange. About 30% of proceeds raised from the Hong Kong offering will go towards developing foldable screens, Lens Tech said in its prospectus. "By increasing our production capacity in China, we aim to ensure robust support for the mass production of middle and high-end foldable smartphones for our customers and improve our market share in foldable screens," the company said. Lens Tech did not name Apple, but disclosed that its largest customer has been a Nasdaq-listed U.S. multinational founded in 1976 — and said the business relationship started "almost two decades ago when Customer/Supplier A was developing the industry's first touch-enabled smartphone with full-sized screen." Lens Tech's latest listing follows a trend this year of more mainland Chinese companies going public in Hong Kong, which is easier for international investors to access. The company already trades on the Shenzhen Exchange. "We expect Lens to benefit from the foldable iPhone launch [and] AI glasses & robotics" that drive earnings growth of at least 20% a year in 2026 and 2027, UBS analyst Zoe Xu and a team said in a separate July 14 report. They resumed coverage of the mainland China-traded shares with a buy rating and a new price target of 26.20 yuan, up from 16 yuan previously. The Citi analysts also raised their price target on Lens Tech's mainland-traded shares to 32 yuan ($4.45) from 25 yuan. Lens Tech has been reducing its reliance on Apple revenue, and states in its prospectus that "Customer B" is a "Nasdaq-listed American company founded in 2003 that designs and sells smart vehicles." Other listed customers include South Korean, French and Chinese companies. The UBS analysts pointed out that Lens Tech shares remain depressed after a 30% tumble in the week following U.S. "Liberation Day" tariffs in early April. But they expect the company can benefit from selling to Chinese startups such as smart glasses company Rokid and Zhiyuan Robotics. And even without a potential foldable iPhone, Lens Tech can likely benefit from selling cover glass for this year's iPhone 17 which is expected to offer a slimmer design. Lens Tech noted in its prospectus that its direct exports to the U.S. are limited and that it plans to use Hong Kong listing proceeds to expand production overseas in Vietnam and Thailand. In addition to China, the company said it already has factories in Vietnam and Mexico. — CNBC's Michael Bloom contributed to this report.