Duncan Riley
Latest from Duncan Riley
Lancaster University is the latest educational institution to be hacked, with data related to as many as 12,500 students stolen in the process. The hack, described as a “sophisticated and malicious” by the BBC involved a phishing campaign that saw bogus invoices …
Report: Apple to release three new iPhones with a trio of rear cameras
With Apple Inc. expected to release its latest iPhones in September, the rumor mill is ramping up with a report that the company is planning to release three new phones each sporting a trio of rear cameras. The latest “leak” comes via …
Trump blacklisting prompts Huawei to lay off 600 US R&D employees
Huawei Technologies Co. Ltd. is laying off more than 600 employees from its Futurewei Technologies research and development arm in the U.S., citing its blacklisting by the Trump administration. First reported July 14, the cuts see Huawei lay off 70% of its 850 U.S.-based R&D staff. Where …
Intercontinental Exchange-founded Bakkt begins testing bitcoin futures
Cryptocurrency startup Bakkt LLC, founded by New York Stock Exchange owner Intercontinental Exchange Inc., has started testing bitcoin futures in a move that may bring more institutional investment into the cryptocurrency market. The new offering announced Monday comes with two contract options: a daily futures contract, …
Despite IPO rumors, Robinhood raises $323M in new funding on $7.6B valuation
Despite rumors that it may be planning an initial public offering, free stock-trading app maker Robinhood Market Inc. has instead raised $323 million in new funding to continue its “mission of democratizing finance for all.” Announced today, the Series E round was led by …
As Trump meets with tech CEOs, Congress fumes over alleged Huawei-North Korea ties
As President Trump met with leading tech executives today to discuss the ongoing situation with Huawei Technologies Co. Ltd., Congress doubled down on efforts to ban the company following reports that it did business with North Korea. The meeting, first reported to involve only …
Equifax agrees to pay up to $700M to settle hacking lawsuits
Credit reporting agency Equifax Inc. has agreed to pay up to $700 million in compensation in a settlement with the U.S. Federal Trade Commission over its infamous 2017 hack. The settlement, which covers all lawsuits by federal and state regulators as well as a …
Former NSA contractor sentenced to 9 years for stealing secret documents
A former U.S. National Security Agency contractor has been sentenced to nine years in prison as part of a plea agreement after pleading guilty to one charge of stealing a classified document in March. Harold T. Martin III was arrested in August …
US tech firms to discuss Huawei ban at the White House Monday
Major U.S. companies that supply Huawei Technologies Co. Ltd. will meet with Trump administration officials at the White House on Monday to discuss the current state of the ban on sales to the company. According to a report from Reuters today, representatives from Intel …
Hackers steal secret data from Russian state security agency contractor
A hacking group apparently stole 7.5 terabytes of data from a contractor for Russia’s FSB state security agency, exposing various secret projects, including one to make traffic on the anonymity network called Tor no longer anonymous. The hack targeted an FSB contractor …