Apple Inc.’s self-driving car program, which according to a report Dec. 21 is aiming to produce an electric car by 2024, may actually take five to seven years to deliver, according to a report today from Bloomberg. Referencing people with knowledge of the efforts, the report noted that the car is nowhere near the production stage, ...

Network traffic management company F5 Networks Inc. today announced it will acquire “edge-as-a-service” startup Volterra Inc. in a $500 million deal consisting of $440 million in cash and $60 million in future consideration. Founded in 2017 and launched out of stealth in November 2019, Volterra offers a service-based infrastructure platform designed to help enterprises distribute their applications ...

Five days into 2021, already a new form of ransomware has emerged: Babuk Locker. First detailed Sunday by Chuang Dong, the ransomware uses its own implementation of SHA256 encryption called “ChaCha8” and also uses so-called Elliptic-curve Diffie-Hellman key generation to protect its keys and encrypt files. SHA256 is an encryption standard that has its roots with the ...

U.S. government software provider SolarWinds Worldwide LLC is being sued by shareholders in a class action lawsuit following the revelation in December that the company’s Orion software had been hacked. The lawsuit alleges that SolarWinds, former President and Chief Executive Officer Kevin Thompson and Chief Financial Officer Barton Kalsu made “false and/or misleading” statements in regulatory filings ...

Cryptocurrency and related firms have come out against a proposal from the U.S. Treasury Department’s Financial Crimes Enforcement Network that would require any company dealing with digital currency to gather information on the identities of counter-parties. The proposal, published Dec. 23, would require banks and money service businesses to submit reports, keep records and verify ...

Security researchers have found more than 500,000 leaked credentials tied to leading gaming companies for sale on the dark web, the corner of the internet known for illicit activity. Detailed today by researchers at Kela Research and Strategy Ltd., the leak of the credentials related to employees at leading games companies along with nearly 1 million ...

The U.S. Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement, a decision that could result in a huge boost to the sector. The ruling was delivered by an interpretive letter released today that clarified that national banks ...

T-Mobile USA Inc. has suffered another data breach, its fourth since 2018, resulting in the theft of some information relating to customer accounts. Described by the company as a “security incident,” the hack is said to have involved “malicious, unauthorized access” to some information related to T-Mobile accounts. The information stolen is described as “customer ...

It’s often said that history repeats itself but fortunately for bitcoin investors it has yet to do so, as the cryptocurrency continuing to surge to record highs over the New Year’s weekend period. Bitcoin continues to break records, surging through the $30,000 mark on Saturday, having previously passed through $28,000 Dec. 27. The rally didn’t ...

Samsung Electronics Co. Ltd. has officially scheduled an “Unpacked” event for Jan. 14 to launch its latest line of flagship smartphones. The naming of Samsung flagship phones is open to speculation given that the Korean giant abandoned its previous consecutive numbered naming convention in 2020 with the launch the S20 range. But the company is ...