T-Mobile USA Inc. has agreed to pay $500 million to settle a class action lawsuit against the company regarding a data breach in August 2021. Subject to approval, $350 million will go to a settlement fund and “at least $150 million” will go toward enhancing its data security measures, according to ArsTechnica today. The exact number ...

Shares in NXP Semiconductors NV dropped in after-hours trading today despite the chipmaker beating estimates and raising its outlook. For the quarter ended July 3, NXP reported earnings before costs such as stock compensation of $3.55 per share on revenue of $3.31 billion, up 78% and 27.6% year-over-year. Analysts had expected earnings of $3.39 a share ...

Security researchers have discovered a phishing scam that involves hackers using PayPal Holdings Inc. accounts to send malicious invoices to potential victims. Detailed today by researchers at Avanan, the scam involves hackers sending malicious invoices from PayPal’s domain, using a free PayPal account they have signed up for. The body of the emails sent spoof brands such ...

Three people, including a former Coinbase Inc. employee, have been charged following an investigation into a cryptocurrency insider trading tipping scheme. Former Coinbase product manager Ishan Wahi is alleged to have provided insider information to his brother, Nikhil Wahi, and a friend, Sameer Ramani, about upcoming Coinbase listings. The friend and brother are alleged to ...

Shares in Snap Inc. plunged in late trading after the company reported lower-than-expected quarterly earnings, declined to give an outlook for the third quarter and said it plans to slow hiring amid weak revenue growth. For the quarter ended June 30, Snap reported a loss before costs such as stock compensation of two cents per ...

The U.S. departments of Labor and Commerce have announced a new plan to promote registered apprenticeships in the cybersecurity industry. Called the 120-Day Cybersecurity Apprentice Sprint, the plan aims to support numerous industries’ use of Registered Apprenticeships to develop and train a skilled and diverse cybersecurity workforce. It feeds back to a White House initiative ...

Tesla Inc. shares rose in late trading after the electric car maker reported better-than-expected earnings per share, but it was the company’s disclosure of the sale of 75% of its bitcoin holdings that gained more attention. In the second quarter, Tesla reported adjusted earnings per share of $2.27 on revenue of $16.93 billion. Analysts had ...

Email and collaboration security startup Perception Point Inc. has released a new web security solution that adds enterprise-grade security to native Chrome and Edge browsers. The new solution, Perception Point Advanced Browser Security, combines a next-generation web isolation platform powered by Hysolate Ltd., a startup acquired by the company in March 2022, and Perception Point’s multilayer detection engines. The ...

Market intelligence startup Crunchbase Inc. today revealed it has raised $50 million in new funding to accelerate product innovation and deepen relationships with dealmakers in sales, marketing, finance, recruiting and executive leadership roles. Alignment Growth led the Series D round, with OMERS Ventures, Mayfield and Emergence Capital also participating. Including the new funding, Crunchbase has raised $106.5 million to ...

Cybersecurity firm Sophos Group plc today announced a new service that helps organizations better defend against constantly changing and increasingly complex cyberattacks. Called Sophos X-Ops, the service is a cross-operational unit that links SophosLabs, Sophos SecOps and Sophos AI, the company’s three established teams of cybersecurity experts. According to the company, Sophos X-Ops leverages each group’s predictive, real-time, ...