Duncan Riley
Latest from Duncan Riley
Data analytics startup Incorta raises $30M to expand operations
Data analytics startup Incorta Inc. today said it has raised $30 million in new funding to expand its headcount, invest in further product development, deepen relationships with the major public cloud providers and reduce operational costs. The Series C round was led by Sorenson Capital with existing investors including GV (formerly Google Ventures), Kleiner Perkins, M12 (formerly Microsoft ...
Bitcoin price drops as US-China trade tensions ease, renminbi rises
The price of bitcoin looked set to drop below the important $10,000 mark in trading Wednesday as the cryptocurrency loses most of it gains made since the beginning of the month. Bitcoin was trading at $10,043.19 as of 10:45 p.m. EDT, down 5.5% over the last 24 hours and well down from its monthly high of $11,972.61 on Aug. ...
Huawei employees allegedly helped African governments spy on opponents
Employees of Huawei Electronics Co. Ltd. have assisted governments in at least two African countries of spying on political opponents, the Wall Street Journal said today in an exclusive investigation. The report, which did not find collusion between Huawei and the Chinese government in the alleged spying activity nor found that Huawei itself was aware of the ...
BC Partners acquires IT services firm Presidio for $2.1B
Information technology services firm Presidio Inc. is going private two years after its initial public offering as the company’s board accepted a $2.1 billion all-cash acquisition offer from private equity firm BC Partners. The deal values Presidio shares at $16 each, a 21% premium over the company’s previous closing price of $13.19 Tuesday. The price ...
Capital One hacker may have stolen data from 30+ other companies
Paige A. Thompson, the alleged hacker behind the theft of more than 100 million customer records from Capital One Financial Corp., may have stolen data from more than 30 other companies and organizations, according to a court filing made public today. The allegations came via the Department of Justice, which said in the filing that the theft of ...
Aggressive new ‘Norman’ cryptominer attempts to hide and avoid discovery
A new aggressive form of cryptomining malware has been discovered in a midsized company with features that alarmed those who discovered it. Detailed today by the Varonis Security Research team, the cryptomining malware dubbed “Norman” uses various techniques to hide and avoid discovery. It also deploys an interactive “web shell” that may open the door to subsequent malware infections ...
SEC launches probe into First American data breach that exposed 885M records
The U.S. Securities and Exchange Commission has launched a investigation into a data breach on the website of First American Financial Corp. that exposed 885 million personal and financial records dating back to 2003. The news today came from security researcher Brian Krebs who first reported the data breach in May. The data breach related to how documents ...
Critical new vulnerability discovered in all versions of Windows dating back to XP
A critical vulnerability has been uncovered in an obscure Microsoft Corp. module that can easily be exploited in versions of Windows dating back as far as Windows XP. Discovered by Google security researcher Tavis Ormandy, the vulnerability comes via the Windows CTF module. No one seems to know what CTF stands for, but the module is a ...
SEC obtains restraining order against firm that raised $14.8M in initial coin offering
The U.S. Securities and Exchange Commission has obtained a temporary restraining order against Veritaseum, which raised $14.8 million in an initial coin offering in 2017, and its founder Reggie Middleton. The SEC claimed in an emergency filing Monday with the U.S. District Court for the Eastern District of New York that Middleton, through Veritaseum Inc. and Veritaseum LLC, ...
SEC delays ETF applications as bitcoin struggles to maintain recent gains
The U.S. Securities and Exchange Commission today delayed a decision on applications for three bitcoin exchange-traded funds and related rule changes, even as the cryptocurrency struggles to maintain recent price gains. The delayed ETF applications — tradable securities that track the price of bitcoin to the U.S. dollar — are from VanEck SolidX, Bitwise Asset Management ...