Duncan Riley
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Report: China could be behind hack of hotel owner Marriott
The Chinese government is suspected to be behind the hack of the hotel owner Marriott International Inc., that included the theft of data relating to over 500 million customers worldwide. Reuters reported Wednesday that unnamed security experts examining the hack have found hacking tools, techniques and procedures previously used in attacks attributed to Chinese hackers. The ...
Ethereum blockchain firm ConsenSys has laid off 13 percent of workforce
Ethereum blockchain startup and venture capital firm ConsenSys has laid off 13 percent of its global workforce as it attempts to stem costs and refocus its core vision. Problems at the company, formally called Consensus Systems Inc., were first detailed in a Forbes article Wednesday that described ConsenSys as having a “weird operating structure.” Both former and current employees ...
Adobe releases update for serious Flash vulnerability that’s actively getting exploited
Adobe Systems Inc. today released an urgent update for Flash after the discovery of a serious security vulnerability that’s being used by a group against targets in Russia. First detected by cybersecurity firm Gigamon, the vulnerability, dubbed CVE-2018-15982, allows for a maliciously crafted Flash object to execute code on a victim’s computer, enabling the attacker to gain command line access ...
Self-service data integration firm Workato raises $25M
Self-service data integration vendor Workato Inc. today said it has raised $25 million in new funding to grow its software-as-a-service platform. The Series B round, its latest fundraising round since it raised $10 million in July 2017, included investments from Battery Ventures, Storm Ventures, ServiceNow Inc. and Workday Ventures. Founded in 2013, Workata offers a platform for ...
Stocks reel as Canada arrests Huawei CFO over US warrant for breaching Iran trade sanctions
Updated: Canadian police have arrested Huawei Technologies Co. Ltd. Chief Financial Officer Wanzhou Meng on a U.S. warrant concerning allegations the Chinese company broke American law in trading with Iran. The news rocked the stock market, with the Dow Jones Industrial Average falling about 385 points or 1.5 percent in midday trading Thursday. That was a ...
FBI, DHS issue joint advisory over rise in SamSam ransomware attacks
The U.S. Federal Bureau of Investigation and the Department of Homeland Security National Cybersecurity and Communications Integration Center have issued a joint advisory offering ways to deal with the SamSam ransomware. The advisory released Monday warns that those behind the ransomware are targeting multiple industries, including some within critical infrastructure. Victims are said to be ...
Digital asset exchange startup ErisX raises $27.5M in new funding
Digital assets exchange startup ErisX today said it has raised $27.5 million in new funding to assist it in pioneering a single platform for digital asset spot and regulated futures contracts. The Series B round included new investors Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group, with participation from previous investors CTC Group Investments, ...
Alphabet’s Wing to launch a drone delivery service in Finland
Alphabet Inc.- owned drone company Wing is setting its sites on Europe with the announcement that it will start a drone delivery service in Finland next spring. The service, to be based out of the country’s capital Helsinki, will see Wing match suppliers with customers of various items, although the list of what will be ...
Bose launches augmented reality glasses that use audio to deliver services
High-end electronics maker Bose Corp. today jumped into the augmented reality market with the launch of glasses that use audio for interactive service delivery. Described as the “world’s first audio augmented reality platform,” Bose’s “Frames” are claimed to take “micro-acoustics and voice control to an entirely new level, debuting the future of mobile sound in the tiniest, ...
AI digital transformation startup FortressIQ comes out of stealth with $12M in funding
Artificial intelligence digital transformation startup FortressIQ Inc. today exited stealth mode with the announcement of $12 million in new funding. The Series A round, led by Lightspeed Venture Partners, comes on top of a seed round of $4 million last year from Boldstart Ventures, Comcast Ventures and Eniac Ventures. Founded in 2017, FortressIQ offers an online compliance and ...