Duncan Riley
Latest from Duncan Riley
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 …
Report: Uber working on an on-demand labor hire service
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 …
A cooling in tech IPOs? Investors yawn at SolarWinds’ return to public market
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 …
Disturbing GreyEnergy malware campaign is targeting industrial control systems
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 …
Chinese company successfully tests the world’s largest ‘transport drone’
China has successfully tested the world’s largest “transport drone,” perhaps better described as a unmanned airplane. The Feihong-98 “large commercial drone” is actually a piston-driven autonomous biplane. It was developed by the China Academy of Aerospace Electronics Technology and SF Express Co. Ltd. and took …
Tumblr fixes ‘security bug’ that exposed user data
Tumblr, the microblogging platform owned by Oath Inc., has fixed a security flaw that exposed private user data via its “Recommend Blogs” feature, which suggests accounts for other users to follow. The vulnerability, described only as a “security bug,” was uncovered “a few …
Report: Uber is considering spinning off its self-driving car unit
Uber Technologies Inc. is considering spinning off its troubled self-driving car division ahead of its initial public offering next year, according to a report published Wednesday. The Financial Times, quoting “two people familiar with the matter” claimed the idea is well advanced …
North Carolina water utility crippled in Ryuk ransomware attack
A water company in Jacksonville, North Carolina, still recovering from Hurricane Florence is now faced with a new problem: a ransomware attack that has crippled its core computing systems. The Onslow Water and Sewer Authority said in a statement Monday that it was first attacked …
Paperspace raises $13M for its AI cloud computing platform
Cloud computing startup Paperspace Inc. today said it has raised $13 million in new funding to advance its artificial intelligence cloud computing and development solutions. The Series A funding, its first since October 2016, came from Battery Ventures, SineWave Ventures, Intel Capital, Sorenson Ventures …
Apple apologizes for account hacks in China
Apple Inc. has apologized to Chinese users who had funds stolen via hackers gaining access to their Apple IDs. The story first emerged Oct. 11 when Ant Financial Services Group’s Alipay warned users on social media of the problem. It called Apple out, saying …