A water company in Jacksonville, North Carolina, still recovering from Hurricane Florence is now faced with a new problem: a ransomware attack that has crippled its core computing systems. The Onslow Water and Sewer Authority said in a statement Monday that it was first attacked by Emotet malware on Oct. 4. That infection installed the Ryuk ransomware Saturday, encrypting ...

Cloud computing startup Paperspace Inc. today said it has raised $13 million in new funding to advance its artificial intelligence cloud computing and development solutions. The Series A funding, its first since October 2016, came from Battery Ventures, SineWave Ventures, Intel Capital, Sorenson Ventures and Initialized Capital. Founded in 2014, Paperspace aims to disrupt the virtual desktop market with Gradient, a ...

Apple Inc. has apologized to Chinese users who had funds stolen via hackers gaining access to their Apple IDs. The story first emerged Oct. 11 when Ant Financial Services Group’s Alipay warned users on social media of the problem. It called Apple out, saying that it had been in contact with Apple “many times … and the ...

Rival ride-hailing startups Uber Technologies Inc. and Lyft Inc. are both making headlines today with news that they’re each inching closer to initial public offerings in 2019. Leading the news, Uber has received proposals from Wall Street banks that value the company at as much as $120 billion in an IPO, according to The Wall Street ...

Google LLC will now charge phone makers in Europe to bundle its apps in response to a European Commision ruling and $5 billion fine in July over its previous practices. The EC ruling, harking back to the famous case of Microsoft Corp. bundling Internet Explorer with Windows, found that Google breached anti-competition law by requiring manufacturers ...

The price of the Tether USDT “stablecoin” fell below its pegged dollar price in trading Monday, causing widespread chaos in cryptocurrencies as rumors circulated as to whether it may be in trouble. Tether, founded by cryptocurrency exchange Bitfinex in 2014, is used as a way to trade cryptocurrencies without having to use fiat currency for ...

Financial services firm Fidelity Investments Inc. is the latest to enter the cryptocurrency market, launching a new service today that will handle cryptocurrency custody and trade execution for institutional investors. Called Fidelity Digital Asset Services, the new service will offer institutional custody and trade execution services for digital assets. A custody service is where a ...

Cloud communications firm Twilio Inc. today announced it has agreed to acquire SendGrid Inc., a cloud email services provider, for about $2 billion. Twilio offered 0.485 shares for each share of SendGrid stock, valuing it as $36.92 per share, a 19 percent premium over its closing price today. Founded in 2009, SendGrid last made headlines ...

Software container pioneer Docker Inc. has apparently raised $92 million in new funding, according to a U.S. Securities and Exchange filing. The round, first spotted by TechCrunch, is the partial fulfillment of a round in which Docker is seeking to raise $192 million, the first time it has raised funding since a round of $61.8 million in October ...

Google LLC has opened up the real-time translation feature to outside devices, seemingly giving up on trying to get people to buy its high-priced Pixel Bud earphones. The feature, built into Pixel Buds (pictured) and launched alongside the Pixel 2 range last year, offers real-time translation from one language to another. For example, people visiting ...