Duncan Riley
Latest from Duncan Riley
It was a tale of two contrasting cybersecurity-related companies in earnings reports today, as cybersecurity software and services firm NortonLifeLock Inc. topped analysts’ forecasts while identity management company SailPoint Technologies Inc. missed predictions. Not surprisingly, the results sent share prices of each …
Audio-based social startup Clubhouse finally releases an Android app
Audio-based social startup Clubhouse has finally released an Android app at a time when the much-hyped company has seen its popularity start to decline. The app, initially available only in beta in the U.S. ahead of a wider global launch and release, …
Major US fuel pipeline system shut down after ransomware attack
A major U.S. fuel pipeline system has been shut down following a ransomware attack. The pipeline system, owned and operated by the Colonial Pipeline Co., carries more than 100 million gallons of gasoline, diesel, home heating fuel and jet fuel a day …
Ryuk ransomware infects biomedical research institute after student attempts to pirate software
Ryuk, one of the better-known and more insidious forms of ransomware, has been targeting hospital and healthcare providers over the last year, but exactly how it gets into networks to begin with has varied between attacks. The path of infection for most …
Vulnerability in Qualcomm chip used in smartphones allows an attacker to inject malicious code
A vulnerability found in chips manufactured by Qualcommm Inc. that are used in 40% of the world’s smartphones can allow an attacker to inject malicious code. Discovered and publicized today by security researchers at Check Point Software Technologies Ltd., the vulnerability is found …
Google to enroll users automatically into two-factor authentication
Google LLC today announced that it will start automatically enrolling account users into two-factor authentication. Announced on World Password Day, the move is pitched by Google as increasing account security by removing “the single biggest threat to online security”: passwords. “They are …
Despite smashing revenue and profit forecasts, Square sees shares only inch up
Shares in Square Inc. rose only slightly in after-hours trading despite the financial services provider smashing analyst forecasts on both revenue and profit. For the quarter ended March 31, Square reported revenue of $5.06 billion, a nearly fourfold increase from a year …
Open API at exercise equipment company Peloton exposed private user data
Interactive exercise equipment company Peloton Interactive Inc. has suffered a potential data breach after it was discovered that its application programming interface exposed user data including private accounts. The revelation came on the same day the company was forced to recall two of …
Galaxy Digital snaps up cryptocurrency wallet and custodial startup BitGo for $1.2B
Enterprise cryptocurrency wallet and custodial services startup BitGo Inc. has been acquired by Galaxy Digital Holdings Ltd. for $1.2 billion. Founded in 2013, BitGo offers enterprise-grade multiuser cryptocurrency wallets along with application programming interface access to its underlying security platform. Offering “multisig,” for multisignature, the …
Uber shares drop on weaker-than-expected first-quarter revenue
Shares in Uber Technologies Inc. dropped in after-hours trading today after the ride-hailing giant reported weaker-than-expected first-quarter revenue, despite a lower-than-expected loss. For the quarter ended March 31, Uber reported a loss of $108 million, or six cents a share, on revenue …