Just as Uber Technologies Inc. had managed to get back on track ahead of its initial public offering next year, the company has been struck by another sexual misconduct scandal. Cameron Poetzscher (pictured), Uber’s head of corporate development, has resigned following the publication today by The Wall Street Journal of details about a 2017 investigation into sexual misconduct. ...

The three major companies named in a Bloomberg report that claimed that their hardware had been infected with tiny Chinese spy chips are calling on the news service to retract the story. Bloomberg claimed in the report that Chinese intelligence had secretly implanted microscopic spy chips nearly the size of a grain of rice inside motherboards ...

Hackers have stolen data relating to 75,000 people who registered with Healthcare.gov, the Affordable Care Act website. Those behind the hack did not hack the site directly but via the Federally Facilitated Exchanges portal used by healthcare insurance agents and brokers to enroll users into health plans made available through the official HealthCare.gov portal. The Centers ...

Facebook Inc. is apparently looking to buy a “major” cybersecurity company, according to a report published over the weekend. The Information, quoting “four people familiar with the matter,” claimed that the social networking giant has already approached several firms with acquisition offers. Where the news gets odd is that the report claims that Facebook is ...

Chinese autonomous vehicle startup Momenta has raised new funding on a unicorn valuation of $1 billion. Although the amount raised was not disclosed, the company, formally known as Beijing Chusudu Technology Co. Ltd., said it has now raised “more than $200 million” to date. Momenta had raised $51 million in total as of its last round ...

Enterprise cryptocurrency wallet and custodial services startup BitGo Inc. Thursday said it has raised $57.5 million in new funding to support the development of its “$1 trillion crypto wallet.” The Series B round included Goldman Sachs, Galaxy Digital Ventures, Valor Equity Partners, Craft Ventures, DRW and Redpoint Ventures. BitGo last raised $42.5 million in a December 2017 round. Founded in ...

In a departure from simply suing startups when they break the law, the U.S. Securities and Exchange Commission has launched a new service to educate and assist financial technology companies so it can avoid having to take them to court later. Called the Strategic Hub for Innovation and Financial Technology, or FinHub for short, the service has ...

Uber Technologies Inc.’s never-ending quest to make money has taken a new twist with a report that the ride-hailing giant is testing an “on-demand” labor hire service. The Financial Times claimed that the service, called Uber Work, would connect job seekers to short-term roles such as “waiters and security guards.” Uber Work is said to have been under ...

Updated: Infrastructure management software firm SolarWinds Inc. went public Friday, but unlike some recent tech initial public offerings, investor reaction on its public market debut Friday was so-so. The company had cut the price of its shares and the number it will offer ahead of its New York Stock Exchange initial public offering Friday. SolarWinds, which had ...

A new malware campaign dubbed “GreyEnergy” is targeting information systems tied to critical infrastructure. Discovered by researchers at ESET spol s.r.o. and reported Wednesday, the campaign is believed to be a successor to the BlackEnergy APT group. The attacks so far are targeting critical infrastructure and are described as a test in preparation for more ...