Cinema technology company Imax Corp. is shutting down its virtual reality business as interest in the technology continues to wane. Imax raised $50 million for a “virtual reality fund” in partnership with Acer Inc., the Creative Artists Agency and a number of others in November 2016, with the aim of setting up at least 25 interactive ...

The U.S. Securities and Exchange Commission today announced a settlement with the founders of AriseBank, a company shut down in January after raising $600 million in a fraudulent initial coin offering. AriseBank’s former chief executive, Jared Rice Sr., and Chief Operating Officer Stanley Ford were accused of offering and selling unregistered investments in the form ...

A new report from cybersecurity firm McAfee LLC today detailed a new global campaign that has targeted nuclear, defense, energy and financial companies across the globe. Dubbed “Operation Sharpshooter,” the campaign has infiltrated dozens of companies, mostly in the U.S. and other English-speaking nations, with malicious software that extracts information from targeted systems. The attack used ...

U.S. ride-hailing minnow Lyft Inc. continues to increase its market share against rival Uber Technologies Inc. as both companies prepare to go public in the first half of next year. According to data from research firm Second Measure, Uber held a 69.2 percent share of the U.S. ride-hailing market in October, down 3 percent from ...

Facebook Inc. today said it has settled a lawsuit filed by ZeniMax Media Inc. alleging that Oculus, the social media giant’s virtual reality division, stole trade secrets. The lawsuit was filed in May 2014, two months after Facebook acquired Oculus for $2 billion, and alleged that the company, along with founder Palmer Luckey misappropriated ZeniMax ...

A misconfigured subdomain owned by Microsoft Corp. could have exposed the accounts of as many 400 million Office 365 users to having their accounts taken over, a security researcher has revealed. The mistake, spotted and reported Tuesday by Indian security researcher and Microsoft bug hunter Sahad Nk, is primarily related to a failure by Microsoft to secure the subdomain ...

Hackers are expanding spam efforts disguised as delivery notifications or online shopping invoices this holiday season in an effort to gain access to payment card details, according to a new report from cybersecurity firm F-Secure Corp. The report found that spam was once again the most common method for hackers to spread malware in 2018, counting for nine ...

Samsung Electronics. Co. Ltd. has denied a report that it’s developing a blockchain-enabled phone despite reports that it has filed multiple patents for blockchain apps. First spotted by Dutch website Galaxy Club, the three trademarks were lodged with the European Union Intellectual Property Office Monday and relate to three applications: “Blockchain KeyStore,” “Blockchain key box” and ...

Days after it was revealed that Uber Technologies Inc. confidentially filed to go public, the ghost of mismanagement past has come back to haunt it: a fatal accident involving a self-driving vehicle in March. The Information Monday published an email sent by Robbie Miller, then a manager in Uber’s testing-operations group, to Uber executives and lawyers. ...

Leading Chinese cryptocurrency hardware maker and miner Bitmain Technologies Inc. has closed its Israeli research and development office as the cryptocurrency crash continues to hammer all leading players. The Bitmain Israel office opened in 2016 and was tasked with exploring meaningful use cases of blockchain technology as well as working on artificial intelligence technology. At the ...