Duncan Riley
Latest from Duncan Riley
Hip to be crypto: Square books profit from bitcoin trading business
It turns out that supporting bitcoin is a profitable endeavor after all, at least for some companies: Payments startup Square Inc. booked $36.5 million in additional revenue thanks to its support for the cryptocurrency in its second quarter. The number comes from Square’s quarterly financial report released Wednesday, which showed the company run by Jack ...
Transportation management startup rideOS raises $25M from Siemens’ Next47
Cloud transportation management and mapping platform startup rideOS Inc. has raised $25 million in new funding to expand its services to global transportation markets. The Series B round was led by Next47, the venture capital arm of German industrial manufacturing conglomerate Siemens AG, with Sequoia Capital and ST Engineering Ventures also participating. Founded only last ...
Sonos shares jump 33% on high-volume initial public offering
Smart speaker and audio tech products maker Sonos Inc. hit the Nasdaq running Thursday morning as its stock jumped 33 percent from its initial public offering list price of $15 per share. The 16-year-old Santa Barbara, California-based company came into its IPO with mixed financials. In the six months ended March 31, Sonos saw revenue climb 18 ...
Three’s not so charming: Fashion Nexus, UnityPoint and Yale reveal data breaches
Three’s no charm today for customers using sites developed by U.K. web developer Fashion Nexus Ltd., patients at UnityPoint Health and students at Yale University — all affected by data breaches. Starting with Fashion Nexus, which operates sites such as Elle Belle Attire, AX Paris and Traffic People on behalf of clients, about 1 million ...
Justice Department indicts FIN7 hacking group members, jails AlphaBay employee
The U.S. Department of Justice has been busy with its war on hacking. Today it released details about three Ukrainian men who are alleged to be behind the notorious Fin7 credit card hacking gang. Also, a judge sentenced a key member of the defunct darknet marketplace AlphaBay. With Fin7, Justice released previously sealed indictments Wednesday ...
Reddit hack reveals limitations of two-factor authentication security
A hacker has managed to steal historical account data from Reddit Inc. by intercepting SMS text messages, used by employees for two-factor authentication, to gain access to some backend systems. The hack, revealed today, took place between June 14 and 18. It saw the hacker obtain a 2007 database backup and email digests sent by ...
Google planning to return to China with censorship-compliant search and news apps
Google LLC is set to return to mainland China eight years after leaving, as leaked internal documents today show it’s building a version of its Android search app that will comply with the Middle Kingdom’s censorship regime. The documents, provided by an unnamed Google employee to The Intercept, show that Google engineers at its Mountain View, ...
Vietnamese cryptomining CEO flees with $35M in investor money
The chief executive of a Vietnamese cryptocurrency mining startup that managed to raise $35 million from investors is reported to have disappeared with all of the funds raised. Le Minh Tam, the founder and CEO of Sky Mining disappeared on July 26, according to VN Express. The company’s office in Phu Nhuan District in Ho Chi Mihn ...
Homeland Security announces a ‘cyber hub’ to protect critical assets from hacking
The U.S. Department of Homeland Security Tuesday said it plans to create a new risk management center dubbed a “cyber hub” that’s intended to protect critical infrastructure from crippling cyberattacks. The National Risk Management Center is tasked with bolstering coordination between the federal government and private-sector companies that own and operate critical assets and to ...
Huawei overtakes Apple to become the No. 2 global smartphone provider
Apple Inc. may still be delivering in terms of record financial results, but its glory days of global smartphone market share are well behind it. Two reports Tuesday showed China’s Huawei Technologies Co. Ltd. surpassing Apple as the world’s second-largest smartphone provider behind South Korea’s Samsung Electronics Co. Ltd. The numbers come from IDC Research ...









