Smartphone sales plunged more than 20% in the first quarter due to the economic uncertainty brought on by the COVID-19 pandemic, according to new figures released today by Gartner Inc. The plunge was across the board, though some companies were hit harder than others. Samsung Electronics Co. Ltd. maintained its position as the world’s largest smartphone ...

Apple Inc. has released new updates for its line of products, including a release for iOS that patches a vulnerability used to jailbreak iPhones. The “zero-day” vulnerability, one not observed before, was present in all versions of iOS from 11.0 onward, including 13.5, and was exploited by the hacking group Unc0ver May 24 to release a ...

The U.S. National Security Agency’s Central Security Service today issued a warning that Russian military hackers have been exploiting a known vulnerability in email servers since at least August. The group behind the attack, known as the Sandworm Team, has been targeting unpatched Exim mail transfer agent software found on Unix-based systems and some Linux distributions as ...

Crowdsourced security testing platform startup Synack Inc. has raised $52 million in new funding to develop its technology, expand internationally and invest in its community. The Series D round was led by C5 Capital USA and included B Capital Group, GGV Capital, GV (previously Google Ventures), Hewlett Packard Enterprise Co., Icon Ventures, Intel Capital, Kleiner Perkins, ...

Shares in cloud identity management service provider Okta Inc. dropped in after-hours trading today despite the company topping analysts estimates in its fiscal first-quarter earnings. For the quarter ended April 30, Okta reported revenue jumped 46%, to $182.9 million, from a year ago, with a loss adjusted for stock option and other expenses of $8.1 million, or ...

Cloud-based information security company Zscaler Inc. today announced the acquisition of network security startup Edgewise Networks Inc., but investors got more jazzed when it beat analysts’ estimates in its latest earnings report. For its third quarter ended April 30, Zscaler reported revenue shot up 40%, to $110.5 million, from a year ago, with a profit adjusted ...

Cloud-based open-source documents startup Almanac Labs Inc. said today it has raised $9 million in new funding to introduce new product features for its 10,000-member community. The new round is described as a seed round that was led by Floodgate along with General Catalyst, Inspired, Abstract, Shrug, Worklife, Indicator, Wing and Liquid2. Founded in 2019, Almanac is ...

Peter Thiel-backed cryptocurrency brokerage startup Tagomi Systems Inc. has been acquired by Coinbase Inc. for an undisclosed price, the companies announced today. Founded in 2017, Tagomi combines institutional-grade services with superior execution technology for digital assets and cryptocurrencies. Pitched as empowering institutional investors and active traders to trade across markets, Tagomi takes trade orders and places them across multiple ...

Apple Inc. has acquired an Ontario, Canada-based machine learning company called Inductiv Inc. according to a report from Bloomberg. Although Apple didn’t officially confirm or deny the acquisition, it did say that it “buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” its standard nondenial response. ...

Shares of HP Inc. dropped more than 5% in after-hours trading after the computer maker delivered mixed results in its second-quarter earnings and offered a lower-than-expected outlook for its next quarter. For the quarter ended April 30, HP reported net revenue of $12.5 billion, down 11% from a year ago. The tech firm report a net ...