Digital ID verification firm Jumio Corp. has raised $15 million in a new round that included Centana Growth Partners LP and Millennium Technology Value Partners. Founded in 2010, Jumio offers next-generation digital ID verification that is claimed to enable businesses to reduce fraud and increase revenue while providing a fast, seamless customer experience. The company’s ...

Amazon.com, Apple, Google, Fox News, the Electronic Frontier Foundation (EFF) and the Mozilla Foundation are supporting a court case brought by Microsoft against the United States Department of Justice (DoJ) that is attempting to put an end to a law that prevents companies informing their customers about government data requests. The law, the Electronic Communications ...

Video infrastructure startup Bitmovin, Inc. has raises $10.3 million Series A in a round led by Atomico. Founded in 2013, Bitmovin offers a platform that improves video quality on the web by enabling “fastest cloud encoding” by using a proprietary encoding service. The company claims to achieve this by providing implementations of technologies and standards, ...

Another day, another revelation about a historical hack. Following on from Dropbox, Inc. earlier this week comes details from the hacking of music website Last.fm in 2012. According to breach notification site LeakedSource, who obtained a copy of the database obtained in the hack, the details of 43,570,999 were obtained by the hacker who breached ...

Google is said to have scrapped its plans to bring to market its Project Ara modular smartphone as part of a push to streamline its hardware efforts according to an unconfirmed report published Thursday. Reuters makes the claim quoting “sources familiar with the matter” but does note that Google may still work with partners to ...

In a serious blow to its global resurgence as the world’s most popular smartphone maker, Samsung Electronics Co. Ltd. is preparing a global recall of its Galaxy Note 7 due to a manufacturing default, according to a report from South Korea published Thursday. The Yonhap News Agency claims that Samsung will announce the recall in ...

The Government of Singapore has proposed a new regulatory framework for payments providers, including digital currency exchanges dealing with bitcoin. Under the proposal made by the Monetary Authority of Singapore, companies dealing in bitcoin would be required to obtain a license with “regulation [that] will be applied on an activity basis, and entities will only ...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has revealed that more banks have been targeted in cyber attacks, following attacks on a bank in Bangladesh and another unnamed bank earlier in 2016. In a letter sent to member institutions, SWIFT urged members to upgrade their systems to comply with security procedures, as new cyber-theft ...

Technology-driven real estate platform startup Compass (Urban Compass, Inc.) has raised $75 million Series C in a round led by Wellington Management Company LLP that included existing investors IVP, Thrive Capital, 406 Ventures and Founders Fund. According to reports, the round was raised on a valuation “above $1 billion.” Founded in 2012, Compass offers a technology-driven ...

A hack of online storage provider Dropbox Inc. in 2012 has been revealed to be much larger that previously disclosed, with the details of some 68 million account holders finding their way online. Motherboard obtained a selection of files that were being traded on a “database trading community” (likely on the dark web), and found ...