Israeli cybersecurity company QuaDream is in the process of being
shut down
after being mentioned by Microsoft as a spyware vendor.
This decision is being reported by Israeli media, which claim they have sources inside the company.
According to reports, the company has notified its employees that they are being laid off and that the company will shut down its operations in the upcoming days.
The report goes as far as saying that QuaDream only has two employees in its offices who are simply there to maintain the company's important devices until it sells its intellectual
property.
Last week, it was reported that the Israeli firm's hacking tools had been used against journalists, opposition figures, and advocacy organizations across at least 10 countries, including
people in North America and Europe.
The report from Microsoft claimed that several civil society members had confirmed that their iPhones were hacked by the company.
Researchers
reported
in 2021 that QuaDream sold its spyware technology to Saudi Arabia.
This case has drawn a comparison to another Israeli company, NSO Group. The latter is known for creating Pegasus, a spyware that was used by governments around the world to spy on
opposition political opponents, journalists, activists, etc. The
spyware
was reportedly even used to spy on high-ranking officials in the European Union.
