Duncan Riley
Latest from Duncan Riley
Kik Interactive Inc. has finally settled the lawsuit filed against it by U.S. Securities and Exchange Commission over its 2017 Kin initial coin offering as a court signed off on a deal. Under the settlement announced Wednesday, approved by Judge Alvin Kellerstein of the U.S. District Court …
Report: PayPal in talks to acquire cryptocurrency wallet and custodial services startup BitGo
A day after announcing that it intends to offer cryptocurrency services to its customers, PayPal Holdings Inc. is reported to be discussing a potential crypto acquisition. According to Bloomberg, PayPal has been holding talks on a possible acquisition of enterprise cryptocurrency wallet and …
PayPal to offer cryptocurrency services to customers from their existing accounts
PayPal Inc. today launched a new service that will allow users to buy, hold and sell cryptocurrency directly from their existing PayPal accounts. The service will initially provide support for bitcoin, Ethereum, Bitcoin Cash and Litecoin and will be available to PayPal …
After IPO, McAfee’s shares falter on first day of trading
After going public late Wednesday at $20 a share, cybersecurity firm McAfee Corp. saw its shares tumble about 7% as they sold for the first time on the public market Thursday. The $20 figure was below the maximum figure of $22 per share McAfee proposed …
Xilinx stock rises as the chipmaker beats revenue estimates
Shares in Xilinx Inc. rose slightly in after-hours trading after the chipmaker delivered better-than-expected second-quarter earnings results. The company, which makes customizable chips called field-programmable gate arrays for the aerospace and defense industries as well as for servers and consumer products, reported revenue …
Report finds surge in cybercriminal activity targeting retail and hospitality
Cybercriminal activity has been increasing across the board in a year dominated by COVID-19, and a new report from Akamai Technologies Inc. details the rise in criminal activity targeted at the retail and hospitality sectors. “The State of the Internet/ Security Report: Loyalty for …
Pharma giant Pfizer exposes patient data on unsecured cloud storage
Global pharmaceutical giant Pfizer Inc. has suffered a data breach with patient information found exposed on unsecured cloud storage. Discovered and publicized today by researchers at vpnMentor, the exposed data was found on a misconfigured Google Cloud storage bucket. The data included hundreds of …
Darkside ransomware group donates part of its extorted proceeds to charities
In a bizarre case that is being compared to the saga of Robin Hood, a ransomware group has started donating some of its extorted proceeds to charities. The Darkside ransomware group and related ransomware first emerged in August and was linked to previous …
Mobile browser vulnerabilities allow hackers to spoof website addresses
Vulnerabilities have been found in multiple mobile browsers that allow hackers to spoof the URL of websites in the address bar. Detailed today by researcher Tod Beardsley at Rapid7 Inc., the address bar spoofing vulnerabilities were found in Apple Inc.’s Safari, Opera Touch/Mini, Yandex, …
Low-code enterprise app maker startup Retool raises $50M on $925M valuation
Low-code enterprise app maker startup Retool Inc. said today it has raised $50 million in new funding on a valuation of $925 million, just shy of unicorn status. The Series B round was led by Sequoia Capital and included the founders of GitHub, Gusto, …