Shares in financial technology company SoFi closed up 12%, to $22.65, on their debut on the Nasdaq exchange today after merging with special-purchase acquisition company Social Capital Hedosophia Corp V. The SPAC merger, first announced in January, valued SoFi, formally named Social Finance Inc., at $8.65 billion with the SPAC offering raising $2.4 billion. Founded ...

JBS S.A., the world’s largest meat processing company, has been struck by a ransomware attack, grinding operations in the U.S., Canada and Australia to a halt. In a statement late Monday, JBS said that it had been targeted by a cyberattack on Sunday that affected some of the servers supporting its North American and Australian information ...

Private equity firms KKR & Co. and Clayton Dubilier & Rice LLC are close to a deal to acquire big-data specialist Cloudera Inc., according to a report today from The Wall Street Journal. The Journal, quoting people familiar with the matter, says that the deal could be finalized by Tuesday, presuming that talks don’t collapse at the ...

A new form of ransomware dubbed “Epsilon Red” has been found in the wild targeting unpatched Microsoft Corp. Exchange servers. First detected by security researchers at Sophos plc and revealed Friday, the ransomware was found targeting a U.S.-based business in the hospitality industry. Delivered as the final executable payload in a hand-controlled attack, the ransomware ...

Chinese smartphone and device manufacturer Xiaomi Inc., a company often referred to as the Apple Inc. of China, today demonstrated new fast-charging technology that can charge a 4,000mAh battery in eight minutes. Called “HyperCharge,” the technology was demonstrated using a custom Mi 11 Pro with a 200W charger. In a video demonstration, the device managed ...

Owners of Amazon.com Inc. devices in the U.S. will automatically share their WiFi as of June 8 as part of a program called Amazon Sidewalk. Pitched by Amazon as a shared network that helps devices such as Amazon Echo devices, Ring Security Cams, outdoor lights, motion sensors and Tile trackers “work better at home and ...

The details of some 44 commercial customers of Canada Post covering about 950,000 receiving customers is believed to have been stolen following a cyberattack that targeted a key supplier. In a statement May 26, Canada Post said it had been told May 19 by Commport Communications International Inc., an electronic data exchange solution supplier used by the corporation, ...

Customer experience management software company Sprinklr Inc. filed its paperwork May 28 with the U.S. Securities and Exchange Commission for an initial public offering. Founded in 2009, Sprinklr provides cloud services that large enterprises use to manage interactions with customers. The company offers five services for managing customer-facing activities, including marketing, technical support and product feedback collection, with ...

The Department of Homeland Security’s Transportation Security Administration has formally announced new cybersecurity requirements for critical pipeline owners and operators. The directive, first reported earlier this week to be coming, requires critical pipeline owners and operators to report confirmed and potential cybersecurity incidents to the DHS Cybersecurity and Infrastructure Security Agency and to designate a Cybersecurity Coordinator, ...

The U.S. Federal Bureau of Investigation today issued a flash alert warning that so-called advanced persistent threat actors are exploiting vulnerabilities in cybersecurity appliances from Fortinet Inc. According to the FBI, an APT group — APT groups are typically state-sponsored — has exploited a Fortinet appliance to access a web server hosting the domain of a ...