Duncan Riley
Latest from Duncan Riley
Serenity EHS raises $5M to expand workflow offerings on ServiceNow
Environmental, health, safety and sustainability software company Serenity EHS Inc. has raised $5 million in new funding to expand its operational workflow product offerings on the ServiceNow Inc. platform. Base 10 Partners led the seed round, which was announced today. Including the new funding, Serenity EHS has raised $5.7 million to date, according to Crunchbase. Founded ...
BlackCat ransomware gang claims responsibility for attack on Luxembourg power company
The BlackCat ransomware gang has claimed responsibility for a ransomware attack that resulted in the theft of data from a Luxembourg power company. The attack targeted Encevo S.A. electricity and gas pipeline subsidiary Creos Luxembourg S.A. between July 22 and 23. The company described that attack as a cyberattack that had resulted in network intruders ...
Justice Department is investigating federal court system data breach
The U.S. Department of Justice is investigating a federal court system data breach that occurred in early 2020. The investigation was revealed today at a House Committee on the Judiciary hearing that was considering how the Justice Department’s National Security Division was addressing threats. The hack was revealed in January 2021 when the department said ...
Bill promoting chipmaking and scientific research passes Congress
A bipartisan bill aimed at promoting chipmaking and scientific research passed the U.S. House of Representatives today in a move that has received strong support from the industry. The CHIPS and Science Act includes more than $52.7 billion for U.S. companies that produce computer chips and billions in tax credits to encourage investment in chip ...
Meta shares drop on earnings miss, weak outlook – and first-ever revenue drop
Shares in Meta Platforms Inc., the parent company of Facebook, dropped in late trading after the social media giant reported its first-ever drop in revenue in its latest quarter. For the quarter ended June 30, Meta reported earnings per share of $2.46, way down from $3.61 in the same quarter last year. Revenue fell 1%, ...
Backend development platform startup ChiselStrike raises $7M
Backend development platform startup ChiselStrike Inc. said today it has raised $7 million in new funding to accelerate the development of its open-source serverless backend developer platform. Norwest Venture Partners led the seed round, with Blumberg Capital, Jamstack Innovation Fund, Essence VC, First Star Ventures and Mango Capital also participating. The new funding is the first significant round ...
IBM Security report finds data breaches are costlier than ever before
A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before. IBM Security’s 2022 Cost of a Data Breach Report, based on analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022, found that the average cost of a data breach has ...
New Rust-based malware spreads after code shared on cybercrime forum
A new form of information-stealing malware based on the Rust programming language is rapidly spreading after the source code was recently shared on a popular cybercrime forum. Detailed Monday by researchers at Cyble Inc., the malware, dubbed “Luca Stealer,” was first shared on July 3. The malware developer is believed to have shared the source code ...
Kraken reportedly under investigation for breaching Iran sanctions
Cryptocurrency exchange Kraken is reportedly under investigation for allegedly allowing users in Iran and elsewhere to trade cryptocurrency in breach of U.S. sanctions. The New York Times, citing people familiar with the matter, today reported that the Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine. ...
Citing increasing manufacturing and shipping costs, Meta increases price of Quest 2 headset
Meta Platforms Inc. today announced the price of its Meta Quest 2 virtual reality headset, previously known as the Oculus Quest 2, is rising because of increasing manufacturing and shipping costs. The headset, launched in September 2020, debuted with 64 gigabytes of memory for $299, $100 cheaper than the original Oculus Quest headset. Meta, then ...