Duncan Riley
Latest from Duncan Riley
Financial industry software startup PeerNova Inc. today said it has raised $31 million in new funding to build additional services on its blockchain platform. The funding round was led by Mosaik Partners and included Overstock.com Inc.’s Medici Ventures and Intuitive Venture Partners. All …
Zuckerberg to tell hearing Facebook’s Libra cryptocurrency will boost US financial leadership
Facebook Inc. Chief Executive Officer Mark Zuckerberg will tell the House Services Committee Wednesday that the social networking giant is extending American financial leadership and democratic values across the world. The company released Zuckerberg’s set remarks ahead of his scheduled testimony for the hearing titled “An Examination …
Snap returns to form with solid user growth and lower losses but shares fall
Snap Inc. beat expectations across the board in its third-quarter financials today as the chat app maker saw a return to form. For the quarter ended Sept. 30, Snap reported revenue of $446 million, up 50% from a year ago and ahead of …
European Data Protection Supervisor finds Microsoft contracts breach GDPR
Microsoft Corp.’s contracts with European Union institutions are in breach of the EU General Data Protection Regulation, according to preliminary findings published Monday by the European Data Protection Supervisor. GDPR, which became EU law in May 2018, regulates processing, movement and use of …
Customer data from Best Western and other hotels exposed in massive data breach
A database that included customer booking details belonging to Autoclerk, a hotel reservations system owned by Best Western International Inc., has been found exposed online in yet another case of misconfigured cloud storage. Discovered by security researchers at vpnMentor, the 179-gigabyte database …
Cybersecurity company Avast hacked via employee virtual private network
Czech cybersecurity firm Avast Software s.r.o., the owner of popular antivirus software provider AVG Technologies N.V., has been hacked, but the company managed to fight off the attack. Those behind the hack managed to gain access by compromising an employee’s virtual private network credentials …
SoftBank in advanced talks to take control of WeWork on $7.5-8 billion valuation
Real estate firm WeWork may soon no longer be an independent company: Lead investor SoftBank Group Corp. reportedly is in talks to take over control of parent company The We Company in an effort to arrest its ongoing losses. CNBC reported today that SoftBank is in …
Bitcoin.com acquires Japanese cryptocurrency startup O3 Labs
Bitcoin.com has acquired O3 Labs Inc., a Japanese startup that offers a range of cryptocurrency services for an undisclosed price. Under the deal, O3’s team and its services will be absorbed into Bitcoin.com. O3, based into Tokyo, primarily offers a cryptocurrency wallet …
Huawei in talks to license 5G tech in US as export bans start to bite
Huawei Electronics Co. Ltd. is in early-stage talks with U.S. telecommunications companies to license its 5G networking technology, bypassing a ban placed on its exporting its equipment to the U.S. in May just as related bans are starting to affect the company. Confirmation of the …
2.8M CenturyLink customer records exposed on misconfigured cloud database
Some 2.8 million customer records have been exposed online by communications firm CenturyLink Inc. in the latest case of a company failing to secure an online database. Discovered and publicized Friday by security researcher Bob Diachenko and researchers at Comparitech Ltd., the …