Leading cryptocurrency exchange Bitfinex is offering a reward of up to $400 million for the return of bitcoin stolen from the exchange in a hack in 2016. The hack involved the theft of 119,756 bitcoin worth $65.6 million at the time but today worth $1.335 billion. The company later socialized the loss, deducting 36% of the ...

Anthony Levandowski, the former head of Uber Technologies Inc.’s autonomous vehicle unit, has been sentenced to 18 months in prison after pleading guilty in March to one count of stealing trade secrets from Alphabet Inc.’s self-driving car company Waymo LLC. Levandowski will not be going to prison anytime soon, however, as U.S. District Judge William Alsup ...

Shares in cloud communications services provider Twilio Inc. dropped in after-hours trading today on weaker-than-expected guidance despite the company smashing analysts’ predictions in the second quarter. For the quarter ended June 30, Twilio reported revenue of $400.8 million, up 46% over the same quarter in 2019. Net loss for the quarter came in at $102.6 million, while ...

Employee management software startup Rippling today said it has raised $145 million in new funding on a valuation of $1.35 billion, giving it unicorn status for the first time. The new funding will be used to shore up the company’s cash position as a safeguard against the COVID-19 pandemic as well as to continue in-house product ...

Cybersecurity software provider Tanium Inc. today announced an expanded cybersecurity partnership with Google Cloud to help organizations accelerate the transformation to distributed business operations. Through the partnership, Tanium is offering a new service designed to assist enterprises to detect, investigate and scope advanced, long-lived attacks. The service offers integration between Tanium’s Threat Response and Chronicle, Google Cloud’s ...

Google LLC is investing $450 million into security company ADT Inc. in return for a 6.6% stake and a deal to drive sales of its Nest devices. ADT is one of the world’s oldest security companies, established in 1874, and is best known today for its electronic security, fire protection and other alarm monitoring services. ...

GPS and wearables company Garmin Ltd. is reported to be the latest company to pay a ransom following a ransomware attack in a trend that some security experts say only encourages more attacks. News that Garmin was suffering from a ransomware attack first emerged on July 23. While best known to consumers for its GPS units, ...

Business travel management company CWT Global B.V. is the latest company to pay a ransom demand following a ransomware attack. According to report Friday by Reuters, the company paid $4.5 million to those behind the ransomware after the attack knocked some 30,000 of the company’s computers offline. The hackers are also alleged to have stolen reams of sensitive ...

Following the arrest of three people in relation to the hacking of Twitter Inc. on Friday, more details have emerged as to how the trio were tracked down and how they managed to gain access to Twitter. The mastermind of the hack was not named by the U.S. Federal Bureau of Investigation but was later ...

Uncertainty surrounds the future of Chinese-owned social video app TikTok today following an 11th-hour bid by Microsoft Corp. to acquire the company’s U.S. arm ahead of a possible ban on the app from the Trump administration. Reports that TikTok could be sold to U.S. investors first emerged July 23 before a possible ban, with Microsoft coming to ...