Duncan Riley
Latest from Duncan Riley
Phishing attacks cost about $1.6M apiece, but enterprises are fighting back
Phishing defense solutions firm PhishMe Inc. has found that a successful phishing attack now costs a mid-sized enterprise $1.6 million on average. The firm also found that the number of attempted phishing attacks continues to rise but conversely, enterprises are improving their defenses and fighting back against them. The details come from PhishMe’s 2017 Enterprise Phishing Resiliency and Defense Report, ...
Court orders Coinbase to hand over customer details to the IRS
Cryptocurrency exchange Coinbase Inc. today was ordered to hand over customer records to the U.S. Internal Revenue Service after losing a case filed against it by the Department of Justice in November 2016. The case relates to a request by the IRS for Coinbase to hand over details of all of its U.S. users and their ...
System scheduling error leaves American Airlines without pilots over the holidays
Those who have booked travel over the forthcoming holiday period with American Airlines Inc. may not make it to their destination. It was disclosed today that the airline suffered a “system scheduling error” that has left thousands of scheduled flights without pilots to fly them. The glitch in American Airlines’ employee scheduling system involved the ...
Bitcoin price plunges as multiple exchanges suffer downtime
Sir Isaac Newton was the first to coin the phrase “what goes up must come down” in relation to gravity, but now it seems bitcoin is subject to that law as well. Today the cryptocurrency dropped in value by more than $1,000 in trading after hitting yet another record high of $11,363.99 during the day. ...
Nokia denies report it’s in talks to acquire Juniper Networks
Nokia Oyj has denied a report that it is in talks to acquire Juniper Networks Inc. in a purchase that would see the Finnish giant diversify its networking business. CNBC, quoting sources, claimed that Nokia is prepared to offer $16 billion for Juniper, roughly 40 percent above its market capitalization of around $11.12 billion at Wednesday’s close. How ...
Canadian man involved in Yahoo hack pleads guilty
A Canadian man has pleaded guilty to hacking charges over his involvement in hacking Yahoo Inc. in 2014. Twenty-two-year-old Kazakhstan-born Karim Baratov was indicted by the Department of Justice in February on claims that he was hired by alleged Russian intelligence agents Igor Suschin and Dmitry Dokuchaev along with a Russian national named Alexsey Belan to hack Yahoo’s servers. ...
Japan’s largest bitcoin exchange opens for business in the US
In a challenge to the venture capital-backed bitcoin exchange Coinbase Inc., Japan’s largest bitcoin exchange, bitFlyer Inc., has opened its doors in the United States after obtaining approval to operate in a majority of states. The company, founded in 2014, said in a statement that it had received a BitLicense from New York State Department of Financial ...
Top-secret spy data exposed on misconfigured Amazon cloud instance
Top-secret data belonging to the United States Army Intelligence and Security Command, a joint U.S. Army and National Security Agency Defense Department command that gathers intelligence data, has been found exposed and open to the public. It was yet another case of a misconfigured Amazon Web Services S3 storage instance. The discovery was made by Chris Vickery, ...
Bitcoin teases $10,000 as one hedge fund manager says price could hit $40,000 next year
The price of bitcoin teased the $10,000 mark in trading Monday, actually passing it on some Asian exchanges, as continued good news surrounding the cryptocurrency led one hedge fund manager to predict that the price could hit $40,000 by the end of 2018. Bitcoin first hit $10,000 on South Korea-based bitcoin exchanges Bithumb, Coinone and Korbit, while directly ...
SoftBank offers to buy Uber shares at a 30% discount to previous valuation
SoftBank Group Corp. is offering to buy Uber Technologies Inc. shares from existing investors at a 30 percent discount on the price at which the ride-hailing company was last valued, according to reports published Monday. CNBC, quoting a person familiar with the matter, said SoftBank is offering to buy the shares on a valuation of ...