Tesla Inc. today filed a lawsuit against a former employee that alleges he hacked its systems and shared confidential information with others. The lawsuit comes on the heels of Tesla Chief Executive Office Elon Musk alleging that an employee had sabotaged the company doing among other things, stealing data and sharing it. The suit alleges that Martin Tripp, a ...

Cybersecurity company Vectra Networks Inc. today released a new report that suggests that financial institutions are being targeted by sophisticated cyberattackers using what the firm describes as “hidden tunnels” into networks to steal data. Hidden tunnels are pathways used by hackers to gain access to corporate networks, often hidden in plain sight, that are difficult to detect because a ...

Accusations made yesterday by Tesla Inc. Chief Executive Officer Elon Musk that the company had been targeted by an employee who, among other things, sabotaged internal systems reveal important lessons in cybersecurity, according to a number of security experts. “What do the numbers 18.28 and 4.93 have in common? I’ll tell you: Tesla stock has dropped ...

PayPal Holdings Inc. is continuing on its acquisition spree, buying San Francisco-based funds disbursement company Hyperwallet Systems Inc. today for about $400 million in cash. Founded in 2000, Hyperwallet offers a financial technology payments platform that allows companies to disburse payments such as wages, refunds and dividends to more than 200 countries in local currencies via ...

Amazon.com Inc. wants its smart-home technology used by accommodation business, introducing a new service today called Alexa for Hospitality that offers tailored Echo devices for hotels, vacation rentals and other hospitality locations. The service will allow guests in their rooms to ask Alexa for hotel information, order guest services, play music in their room and ...

Proving the adage that real life is stranger than fiction, Tesla Inc. Chief Executive Officer Elon Musk is claiming that a saboteur within the company has hacked its code, shared company secrets with outside parties and may be behind a small factory fire. The accusations from Musk (pictured) came via two emails sent to all ...

The initial public offerings keep on coming. Business intelligence startup Domo Inc. Monday set its IPO price ahead of its upcoming listing while cloud survey company SurveyMonkey Inc. announced that it had lodged its IPO paperwork, adding to the growing number of companies planning to go public later in the year. Domo, which is scheduled to list ...

Mobile payment company Square Inc. said today it has obtained a New York State Bitlicense as part of the company’s expansion into cryptocurrency, just as new details have emerged of the company designing its own point-of-sale devices that could be used to accept bitcoin payments. The license, which Square applied for in March, allows the company to ...

The U.S. Supreme Court has agreed to hear arguments from Apple Inc., which aims to block an antitrust case that alleges the iPhone maker operates an illegal monopoly with its App Store. The case, a class action lawsuit dating back to 2011, alleges that Apple runs an illegal monopoly by not allowing iPhone users to download mobile ...

Google LLC is promising to issue a fix within weeks for an authentication issue within its Google Home speakers and Chromecast devices that lets hackers easily obtain the home address of a user. Discovered by Craig Young, a researcher with security firm Tripwire Inc., the vulnerability exploits a loophole in Google’s systems to cross-check a ...