Following in the footsteps of rival Apple Inc., Samsung Electronics Co. Ltd. reported declining sales and a drop in profit in its fourth-quarter earnings today. Coming off a record profit in the third quarter of 2018, Samsung reported an operating profit 10.8 trillion won ($9.7 billion) in the quarter, down 29 percent from the previous ...

A new report from SophosLabs released today details a new form of ransomware that has been flying under the radar until now. Dubbed Matrix, the ransomware is unique in that it targets a single machine rather than spreading through an organization like other forms of ransomware. In addition, the attackers also force the victim to message ...

An unknown number of accounts belonging to Discover Financial Services Inc. have been stolen, according to a filing from the company with the State of California. First reported Monday by Bleeping Computer, Discover said in the filing that it had detected a data breach on Aug. 13. The filing, which is required under California law when ...

Payment technology company Stripe Inc. is reported to have raised an additional $100 million in funding as it inches toward a possible initial public offering in the next few years. According to a report in The Information today, the funding came from Tiger Global, the same company that led a round of $245 million in September on a ...

A judge has rejected a proposed settlement by Yahoo over its 2013 and 2014 data breaches, leaving parent company Verizon Communications Inc. in the soup once again. In the largest hack ever recorded, 3 billion Yahoo accounts were compromised in August 2013. with data stolen including names, email addresses, telephone numbers, dates of birth, hashed passwords ...

Heading toward a public offering of some sort later this year, Slack Technologies Inc. today announced that it has passed 10 million daily active users. The figure comes five months after the team chat service passed 8 million users and 16 months after it passed 6 million users. Perhaps even more important, Slack has also seen a ...

Fresh from the news of a surge in parent company TRON’s fortunes, BitTorrent Inc. managed to sell out more than $7 million in tokens in what some are suggesting may be a return of initial coin offerings. BitTorrent Inc., not to be confused with the file-sharing protocol of the same name, is responsible for the ongoing development of ...

Popular peer-to-peer bitcoin trading service LocalBitcoins Oy has been hacked, with about 8 bitcoin stolen. The hack, detailed by the company on Reddit, occurred Saturday and involved an unauthorized source who accessed and sent transactions from a number of affected accounts. “We were able to identify the problem, which was related to a feature powered by a third-party ...

Artificial intelligence programming startup Kite has raised $10 million in new funding to expand its research-and-development team and build new features to make developers more productive. Announced Monday, the round was led by Trinity Ventures with personal participation from GitHub Chief Executive Officer Nat Friedman. Several sites reported that the round was $17 million, but the ...

Samsung Electronics Co. Ltd. is either in advanced talks to acquire or has acquired Israeli mobile camera technology startup Corephotonics Ltd., according to multiple reports. Reports of the possible acquisition first came Jan. 7 from Globes, with some sites saying the deal has now been sealed. The acquisition price is claimed to be in the vicinity ...