The celebrity law firm being extorted by a ransomware group has denied claims by the group that it has ever worked with President Donald Trump. The attack on Grubman Shire Meiselas & Sacks, first reported May 12, started making headlines through the week after REvil, the Eastern European hacking group behind the ransomware attack, claimed ...

Private equity firm General Atlantic Service Company L.P. today said it has invested $870 million into Indian mobile telecommunications company Jio Platforms Ltd., following in the footsteps of Facebook Inc., which invested in the company last month. For its $870 million investment, General Atlantic is receiving a 1.34% equity stake in the company on a fully diluted ...

Supercomputers across Europe have been hacked over the last week by an unknown group that has been inserting cryptocurrency mining software. At least a dozen supercomputers in Germany, the U.K., Switzerland and Spain were targeted, with many being taken offline as a result of the hacks. The first system targeted is believed to be “Archer,” a ...

Unknown hackers have stolen $10 million from Norfund, Norway’s state investment fund in an operation that spanned several months. The money was stolen by tricking an employee to send the money to an account controlled by the hackers, but the more impressive part is the patience those behind the attack took in getting to that ...

DigitalOcean Inc., provider of a “developer cloud” aimed at simplifying the creation of modern apps, today announced it has raised $50 million on a $1.15 billion valuation, giving the company “unicorn” status for the first time. The Series C round was led by Access Industries and included Andreessen Horowitz. DigitalOcean said the funding would be used ...

Websites belonging to Texas courts have been targeted in a ransomware attack and were shut down late last week as a consequence. The attack was disclosed by the Office of Court Administration for Texas in a statement Monday. The ransomware attack was detected on Friday, May 8, and is described as occurring in “overnight hours.” ...

The REvil ransomware hacking group has targeted Grubman Shire Meiselas & Sacks, a high-profile entertainment law firm that represents celebrities such as Lady Gaga, Madonna, Elton John, Barbara Streisand, Bruce Springsteen, Mariah Carey and Mary J. Blige. First uncovered by security researchers at Emisoft Ltd., the 756 gigabytes of data stolen from the law firm ...

Messaging startup Telegram Group Inc. today said it has abandoned its efforts to build the Telegram Open Network and associated Gram cryptocurrency in the face of opposition from the U.S. Securities and Exchange Commission. The decision by Telegram to abandon its plan did not come cheap. The company had raised $1.7 billion in presales from some ...

Israeli electric motion technology startup IRP Systems Ltd. announced today that it has raised $17 million in new funding to develop its technology and hire more people. The Series B round was led by Fosun RZ Capital and included JAL ventures, Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Champion Motors. Founded in 2015, ...

Electronic design automation firm Synopsys Inc. today released a new report on the security risks in open-source software — and the findings are concerning. The 2020 Open Source Security and Risk Analysis report from the Synopsys Cybersecurity Research Center was based on over 1,250 audits of commercial codebases. Noting that open source continues to play a critical ...