Duncan Riley
Latest from Duncan Riley
Facebook Inc. today made a $5.7 billion investment in Jio Platforms Ltd. in return for a 9.99% stake, valuing the subsidiary of Indian conglomerate Reliance Industries Inc. at nearly $66 billion. Jio Platforms operates a variety of businesses, key among them Reliance …
Four serious security vulnerabilities found in IBM Data Risk Manager
Four serious security vulnerabilities have been found in International Business Machine Corp.’s Data Risk Manager that can allow hackers to execute unauthenticated remote code — and there’s no patch yet available. IBM Data Risk Manager, previously known as Agile 3 Solutions, is …
Digital identity management startup ForgeRock raises $93.5M late-stage round
Digital identity management startup ForgeRock Inc. has $93.5 million in new funding to invest in research and development, cloud, global sales and market awareness. The Series E round announced today was led by Riverwood Capital and included Accel, Meritech Capital, Foundation Capital and …
Snap shares surge as company beats earnings forecast
Shares in Snap Inc. surged 20% in after-hours trading Tuesday after the company beat analyst forecasts with strong revenue and user growth. For the quarter ending March 31, Snap reported revenue rose 44% from a year ago, to $462 million. That easily …
User data stolen from Android app provider Aptoide published online
Popular third-party Android app provider Aptoide S.A. has suffered major data breach with the details of 20 million users published on a hacking forum. The data breach was first discovered by security researchers at Under the Breach and is likely bigger yet, …
Fintech startup Rapyd acquires payments card service provider Korta
Financial technology startup Rapyd Ltd. announced today that it has acquired Korta ehf, an Iceland-based payment card service provider, for an undisclosed sum. Founded in 2002, Korta offers cross-border payments services in the European Union. The company offers services such as point-of-sale terminals, …
IT services company Cognizant hit by Maze ransomware attack
Information technology services company Cognizant Technology Solutions Corp. has been hit by a ransomware attack with part of its systems being taken offline over the weekend. In a statement April 18, Cognizant admitted to a security incident involving its internal systems and said its issues …
Instagram co-founders launch coronavirus contagion tracking site
Instagram co-founders Mike Krieger and Kevin Systrom have teamed up to launch a new COVID-19 website that tracks contagion levels across U.S. states. Called Rt.live, the tracking service uses a data analysis algorithm to track the “effective reproduction number” of the coronavirus …
$25M in cryptocurrency stolen in hack of Lendf.me and Uniswap
About $25 million in cryptocurrency was stolen from Uniswap and Lendf.Me over the weekend by hackers who exploited a technology underlying the Ethereum blockchain. Of the two, Lendf.Me, a decentralized lending platform with instant borrowing and withdrawal capabilities, was hit hardest, with 99.95% of …
Nvidia technology powers Chinese electric vehicle maker Xpeng’s new model
Chinese auto manufacturer Guangzhou Xiaopeng Motors Technology Co. Ltd., better known as Xpeng, today announced its latest model, a competitor to Tesla Inc.’s Model 3 that’s powered by Nvidia Corp. technology, will roll out April 27. The Xpeng P7 uses the Nvidia DRIVE AGX Xavier platform with …