Duncan Riley
Latest from Duncan Riley
User data stolen from Android app provider Aptoide published online
Popular third-party Android app provider Aptoide S.A. has suffered major data breach with the details of 20 million users published on a hacking forum. The data breach was first discovered by security researchers at Under the Breach and is likely bigger yet, with those behind the hack claiming that they have in total 39 million ...
Fintech startup Rapyd acquires payments card service provider Korta
Financial technology startup Rapyd Ltd. announced today that it has acquired Korta ehf, an Iceland-based payment card service provider, for an undisclosed sum. Founded in 2002, Korta offers cross-border payments services in the European Union. The company offers services such as point-of-sale terminals, online payments and card storage services. Korta offers support for both Visa Inc. and ...
IT services company Cognizant hit by Maze ransomware attack
Information technology services company Cognizant Technology Solutions Corp. has been hit by a ransomware attack with part of its systems being taken offline over the weekend. In a statement April 18, Cognizant admitted to a security incident involving its internal systems and said its issues were related to a Maze ransomware attack. The company added that internal security ...
Instagram co-founders launch coronavirus contagion tracking site
Instagram co-founders Mike Krieger and Kevin Systrom have teamed up to launch a new COVID-19 website that tracks contagion levels across U.S. states. Called Rt.live, the tracking service uses a data analysis algorithm to track the “effective reproduction number” of the coronavirus to allow users to see how many secondary infections are likely to occur from ...
$25M in cryptocurrency stolen in hack of Lendf.me and Uniswap
About $25 million in cryptocurrency was stolen from Uniswap and Lendf.Me over the weekend by hackers who exploited a technology underlying the Ethereum blockchain. Of the two, Lendf.Me, a decentralized lending platform with instant borrowing and withdrawal capabilities, was hit hardest, with 99.95% of funds or $24.5 million stolen. Lendf.Me itself is supported by the dForce Foundation, a provider of ...
Nvidia technology powers Chinese electric vehicle maker Xpeng’s new model
Chinese auto manufacturer Guangzhou Xiaopeng Motors Technology Co. Ltd., better known as Xpeng, today announced its latest model, a competitor to Tesla Inc.’s Model 3 that’s powered by Nvidia Corp. technology, will roll out April 27. The Xpeng P7 uses the Nvidia DRIVE AGX Xavier platform with Nvidia’s most advanced graphics processing units and its Arm Hercules central processing units, ...
Business monitoring startup Anodot raises $35M to expand into new verticals
Business monitoring startup Anodot Ltd. said today it has raised $35 million in new funding to hire more people, expand into new industries and build personalized business packages. The Series C round was led by Intel Capital and included SoftBank Ventures Asia, Samsung NEXT, La Maison, Disruptive Technologies L.P., Aleph and Redline Capital Management. As part of the ...
Stripe raises an additional $600M to grow its product suite
Payment technology company Stripe Inc. announced today that it has raised an additional $600 million in new funding as an extension of its Series G round from September to accelerate its international expansion, grow its product suite and extend its enterprise capabilities. The extension on the round was on the same terms, with a valuation previously reported to ...
Facebook’s Libra abandons original plan in favor of currency-backed stablecoins
The Libra Association, the group set up to manage Facebook Inc.’s proposed cryptocurrency today announced that its original proposal for Libra is no more. Instead, it plans to launch a number of currency-backed stablecoins. Such plans were first reported March 3, but Facebook at the time denied the plan. Six weeks later, that’s exactly what has ...
Report: Robinhood close to raising $250M on an $8B valuation
Free stock-trading app maker Robinhood Market Inc. is close to raising $250 million in new funding on an $8 billion valuation, according to sources reported today by Bloomberg. The new round, which would be the company’s Series E, is said to be being led by SoftBank Group Corp. Robinhood last raised funding — $323 million in July ...