Duncan Riley
Latest from Duncan Riley
New Bluetooth vulnerabilities expose billions of devices to hacking
Billions of Bluetooth-enabled devices are exposed to a number of recently discovered vulnerabilities that allow a hacker to access and take control of devices, install malware and undertake other malicious activities, according to newly published research. Discovered by security firm Armis Labs Inc. and dubbed “BlueBorne,” the vulnerability affects major mobile, desktop, and IoT operating systems, including ...
Equifax hack lawsuits start to stack up
U.S. consumer credit reporting agency Equifax Inc. will soon be heading to court with multiple lawsuits being filed against the company following its disclosure of a massive hack last week. The lawsuits, which stand at least two dozen according to Reuters, come in a number of different flavors, including one suit that alleges that Equifax was ...
Cybersecurity expert warns that the age of killer sex robots is nigh
Because humanity doesn’t have enough things to worry about already, a cybersecurity expert has issued a warning that sex robots may kill people in the near future. Nick Patterson, from Deakin University in Australia, is behind the killer sex robot warning, telling The Daily Star that the robots could be hacked by those with nefarious intent, or ...
SoFi CEO steps down over sexual harassment allegations
Mike Cagney, chief executive officer and co-founder of San Francisco-based financial technology startup Social Finance Inc., SoFi, is stepping down from his position following sexual harassment allegations. Cagney, 46, is accused of having “inappropriate relationships with SoFi employees” that apparently “helped foment a toxic workplace culture,” according to the New York Times. Translated into English, it ...
What should be done to prevent more credit data hacks like Equifax’s
In the wake of the hacking last week of U.S. consumer credit reporting agency Equifax Inc., security experts bemoaning are calling for big changes, including big penalties for the data brokers that hold so much information critical to everyone’s financial life. “For far too long, businesses have under-invested in software integrity, relying on network-based defenses that ...
China bans bitcoin exchanges as initial coin offering crackdown continues
Expanding its recent crackdown on initial coin offerings, the Chinese central government has now decreed a ban on bitcoin exchanges. In an unexpected move, the Central Bank of China ruled that all companies dealing in cryptocurrencies, not only bitcoin, will no longer be legal. The move has been described as a ban on “virtual currency trading services.” Chinese news ...
New law would introduce capital gains tax exemption for bitcoin purchases
A new bill introduced in the U.S. House of Representatives Thursday would introduce a capital gains tax exemption for bitcoin and other cryptocurrency users who use their coins and tokens for small purchases. The Cryptocurrency Tax Fairness Act Of 2017, introduced to the house by Rep. Jared Polis, D-Colo., and Rep. David Schweikert, R-Ariz., both members of the ...
Indiegogo cracks down on crowdfunding campaigns with new disclosure rules
Crowdfunding services operator Indiegogo Inc. is cracking down on companies seeking to raise funds with a new set of rules that are meant to provide improved product disclosure to investors. At the top of the list is a rule change that will now require all companies raising money on Indiegogo to disclose the current state of their product. ...
143M consumer records stolen in massive Equifax hack: Here’s what it means
Consumer credit reporting agency Equifax Inc. has been hacked, resulting in the theft of personal information of 143 million American consumers. Details of how the hack took place are not entirely clear at this stage. The company described the access, revealed Thursday, as happening via a “website application vulnerability.” But it’s known that the stolen data ...
Israeli self-driving car startup Innoviz raises $65M in round led by Magna and Delphi
Israeli startup Innoviz Technologies Inc. has raised $65 million to move its self-driving car technology into mass production. The Series B round was led by Delphi Automotive and Magna International Inc. and included existing investors Zohar Zisapel, Vertex Venture Capital, Magma Venture Partners, Amiti Ventures and Delek Motors. Other new investors were 360 Capital Partners, Glory ...