Services at GPS and wearables company Garmin Ltd. are in the process of being restored following a ransomware attack last week, with the blame for the attack pointed at the hacking group Evil Corp. The attack, confirmed by the company as a “cyberattack that encrypted some of our systems July 23,” is described as causing various services “including website ...

SAP SE is planning a partial spinoff of Qualtrics, the experience management software company it acquired for $8 billion in November 2018, in an  public offering. The spinoff was announced today, July 26. SAP said the primary objective of the IPO was to “fortify Qualtrics’ ability to capture its full market potential within Experience Management” and to “help ...

About 270,000 Instacart Inc. customer records have been found for sale on the dark web, but the company is denying that it has experienced a data breach. Discovered by Buzzfeed News and revealed Wednesday, the records, which are being sold for around $2 each, include customer name, email address, order history and the last four ...

Cybersecurity startup CyCognito Inc. has raised $30 million in new funding to accelerate its customer acquisition efforts. The Series B round was led by Accel and included Lightspeed Venture Partners, Sorenson Ventures and UpWest. As part of the deal, Eric Wolford, partner at Accel is joining CyCognito’s board of directors. Founded in 2018, CyCognito specializes in uncovering ...

GPS and wearables company Garmin Ltd. has suffered a suspected ransomware attack that has caused its services to be taken offline and manufacturing operations to be suspended. Details on the attack are a little slim. Garmin said on Twitter at 9:30 a.m. EDT today that it was experiencing outages with Garmin Connect, its mobile application, along ...

Twitter Inc.’s revenue plunged 19% in the second quarter as Chief Executive Officer Jack Dorsey said the company is exploring subscription options to address Twitter’s reliance on advertising. For the quarter ended June 30, Twitter reported revenue of $683 million, down 19% from a year ago and below analysts’ expectations of $707 million. The drop was driven ...

Enterprise visual management software startup iObeya has raised $17 million in new funding to develop its platform further and accelerate the company’s expansion in the U.S., including opening a new office in Seattle. The Series B round was led by Red River West and included Atlantic Bridge Ventures and Fortino Capital Partners. Founded in 2011, iObeya offers ...

Earthquake data analytics startup Safehub Inc. today said it has raised $5 million in new funding to accelerate the deployment of its service to Fortune 500 companies seeking to strengthen their business continuity and resilience efforts. The seed round was co-led by Fusion Fund and Ubiquity Ventures and included Bolt, Promus Ventures, Blackhorn Ventures, Maschmeyer Group ...

Online DNA matching service GEDmatch has suffered a data breach with some 1 million DNA records belonging to users being made available to law enforcement services. The company, best known as providing DNA analysis that led to the arrested of the “Golden State Killer” in 2018, provides an online service to compare autosomal DNA data ...

In a surprising move, the U.S. banking regulator has given approval to banks to hold cryptocurrency, a decision that could shake up a market currently dominated by cryptocurrency-only firms and startups. The decision from the U.S. Office of the Comptroller of the Currency, an independent bureau within the Department of the Treasuring tasked with overseeing the ...