Duncan Riley
Latest from Duncan Riley
Reddit hacked and defaced with pro-Trump messages in English and Chinese
Reddit Inc. is the latest company to be hacked, with some 70 groups on the site defaced with pro-Donald Trump messages. The hack occurred on Friday and involved those behind the attack accessing accounts belonging to moderators of popular subreddits with millions of subscribers, including r/space, r/food, r/Japan, r/nfl, r/cfb and r/podcasts. The messages posted by ...
Twitter shows interest in acquisition as TikTok plans to sue over ban
Twitter Inc. is reportedly the latest company interested in acquiring Chinese-owned social video app TikTok, just as app owner ByteDance Ltd. claims it will sue the Trump administration this week over a ban. The saga of TikTok, highly popular among young online users, is colorful to say the least. With its roots in China, where it’s ...
Capital One agrees to $80M fine, cybersecurity consent order for 2019 data breach
Capital One Financial Corp. today agreed to pay an $80 million fine and enter into a consent order to boost its cybersecurity in a settlement that follows the theft of more than 100 million customer records disclosed in July 2019. The settlement with the Federal Reserve Board and the Office of the Comptroller of the Currency ...
Uber delivers mixed earnings as Eats business surges past ride-hailing service
Shares in Uber Technologies Inc. dipped in after-hours trading today after the company delivered mixed second-quarter earnings results as the COVID-19 pandemic continues to hurt its business. For the quarter ended June 30, Uber reported overall gross bookings of $10.2 billion, down 35% year-over-year, while revenue slumped 27%, to $3.166 billion. Adjusted net revenue came ...
Intel investigating data breach following online release of 20GB of internal data
Intel Corp. is investigating a data breach that has seen some 20 gigabytes of internal company data released online with a promise of more to come. The data was released by Till Kottman, a Swiss engineer going by the name of @deletescape on Twitter, and is said to have been provided by a hacker. The ...
Bitfinex offers reward of up to $400M for return of bitcoin stolen in 2016 hack
Leading cryptocurrency exchange Bitfinex is offering a reward of up to $400 million for the return of bitcoin stolen from the exchange in a hack in 2016. The hack involved the theft of 119,756 bitcoin worth $65.6 million at the time but today worth $1.335 billion. The company later socialized the loss, deducting 36% of the ...
Former Uber exec Anthony Levandowski sentenced to 18 months for trade secret theft
Anthony Levandowski, the former head of Uber Technologies Inc.’s autonomous vehicle unit, has been sentenced to 18 months in prison after pleading guilty in March to one count of stealing trade secrets from Alphabet Inc.’s self-driving car company Waymo LLC. Levandowski will not be going to prison anytime soon, however, as U.S. District Judge William Alsup ...
Twilio shares drop on weak guidance despite strong earnings
Shares in cloud communications services provider Twilio Inc. dropped in after-hours trading today on weaker-than-expected guidance despite the company smashing analysts’ predictions in the second quarter. For the quarter ended June 30, Twilio reported revenue of $400.8 million, up 46% over the same quarter in 2019. Net loss for the quarter came in at $102.6 million, while ...
Employee management software startup Rippling raises $145M on unicorn valuation
Employee management software startup Rippling today said it has raised $145 million in new funding on a valuation of $1.35 billion, giving it unicorn status for the first time. The new funding will be used to shore up the company’s cash position as a safeguard against the COVID-19 pandemic as well as to continue in-house product ...
Tanium offers new cybersecurity service through partnership with Google Cloud
Cybersecurity software provider Tanium Inc. today announced an expanded cybersecurity partnership with Google Cloud to help organizations accelerate the transformation to distributed business operations. Through the partnership, Tanium is offering a new service designed to assist enterprises to detect, investigate and scope advanced, long-lived attacks. The service offers integration between Tanium’s Threat Response and Chronicle, Google Cloud’s ...