Shares in PayPal Holdings Inc. surged in late trading after the financial services firm delivered stronger-than-expected second-quarter results and confirmed Elliott Management Corp. as an investor. For its second quarter ending June 30, PayPal reported a profit before costs such as stock compensationof 93 cents a share, down 19% from the same quarter of last ...

Application programming interface security startup Traceable Inc. today announced the addition of extended Berkeley Packet Filter data to its platform. EBPF is a technology with its origins in the Linux kernel that can run sandboxed programs in an operating system kernel. The technology is used to extend the kernel’s capability safely and efficiently without the requirement to ...

A new report finds that venture capital investment in early-stage cybersecurity startups slowed in the second quarter amid ongoing macroeconomic headwinds that include 40-year high inflation and increasing interest rates. The DataTribe Insights Q2 report found that despite increasing demand for cybersecurity services, particularly amid the ongoing Russian invasion of Ukraine, early-stage cybersecurity deal volume decreased ...

Cybersecurity researchers have discovered more than 3,000 mobile apps exposing Twitter Inc. application programming interface keys that can be used to gain access to or take over Twitter accounts. Detailed today by security firm CloudSEK, 3,207 apps were found to be leaking valid Consumer Key and Consumer Secret keys. Some 230 apps, some of which are ...

A Pittsburgh-based health system has suffered a data breach with protected health information stolen. Described by the Allegheny Health Network as a “data security incident,” the data was compromised between May 31 and June 1. In a July 29 statement to patients, the health system said the compromise occurred after an employee was sent a malicious ...

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 ...

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 ...

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 ...

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 ...

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%, ...