Duncan Riley
Latest from Duncan Riley
Vulnerability in Oracle WebLogic Server being actively exploited by hackers
A security vulnerability in Oracle Corp.’s WebLogic Server is actively being exploited by hackers. The vulnerability, CVE-2019-2725, is a remote code execution vulnerability that gives hackers access to a WebLogic server without the need for authentication. Oracle released a patch for the vulnerability April 26, but many with WebLogic Server installations have yet to install ...
Square shares slide as payment firm delivers mixed earnings bag
Shares in Square Inc. fell in after-hours trading after it delivered a mixed bag of first-quarter results. The payments company beat analysts’ estimates on earnings and revenue but at the same time reported weaker-than-expected gross payment volume and delivered lower-than-expected second-quarter guidance. Revenue rose 43% over a year ago, to $959 million. Notably, $65.5 million of ...
Botnet targeting Electrum wallet grows to 150,000 with $4.6M stolen so far
A botnet used to target the Electrum bitcoin wallet network is continuing to grow as researchers say it surpassed 150,000 at its peak with even more cryptocurrency now stolen from users. The botnet targeting Electrum customers, first detected April 8, is a new variation of a targeted campaign first detected Dec. 27. Electrum works on ...
Data stolen from IT firm that works with Oracle, SAP and others
A German information technology firm that works with some of the world’s largest companies was hacked and then blackmailed, according to a report by Motherboard. The company hacked, Citycomp GmbH, provides multivendor maintenance and infrastructure services to a range of companies with a client list that includes Airbus SE, Volkswagen AG, Oracle Corp., Toshiba Corp., SAP ...
AWS opens the doors of its managed blockchain service to the public
After releasing two blockchain services in preview in November, Amazon Web Services Inc. today announced the general availability of Amazon Managed Blockchain. A fully managed service, Amazon Managed Blockchain allows customers to set up a blockchain network quickly that spans multiple AWS accounts with a few clicks in the AWS Management Console, according to the company. Pitched ...
Bitfinex admits to dipping into Tether reserve funds to cover loss
In a surprising turn of events, cryptocurrency exchange Bitfinex has admitted that it borrowed funds from Tether to cover an $850 million loss, meaning that the so-called stablecoin is no longer 100% backed by U.S. dollars. The current round of drama started April 25 when the New York Attorney General’s office announced that it had filed a ...
Bakkt acquires Digital Asset Custody Co. to build out crypto services
Bakkt LLC, the cryptocurrency startup majority owned by Intercontinental Exchange Inc., the owner of the New York Stock Exchange, today said it has acquired Digital Asset Custody Co. Inc. in an attempt to build out its cryptocurrency offerings. The price of the acquisition was not disclosed. Founded in 2017 and based in Secaucus, New Jersey, DACC ...
Mystery database with 80M US household data records found on Microsoft cloud server
Security researchers have uncovered an exposed database with details of 80 million U.S. households, but in a mysterious twist, they have no idea who it belongs to or where it came from. Found by researchers from vpnMentor, the database was discovered exposed to all and sundry on a Microsoft Corp. Azure cloud instance. The data, which cover ...
WeWork is the latest unicorn to confirm that it’s going public
Co-working space provider WeWork is set to be the latest tech-related startup to go public, announcing today that it has filed its S-1 initial public offering paperwork. The filing was confidentially filed back in December, and WeWork apparently changed its name to The We Company Inc. in January. The name change is said to reflect an expansion ...
Consumer robotics startup Anki goes bust after raising $200M
San Francisco-based consumer robotics company Anki Inc. is shutting down after raising about $200 million in venture capital funding later. Founded in 2010 by Carnegie Mellon Robotics Institute graduates, Anki claimed to be dedicated to bringing artificial intelligence and consumer robotics to people’s everyday lives. During its time it launched a number of smartphone-controlled toys, none ...