Samsung Electronics Co. Ltd. is permanently ending production of its Galaxy Note 7 smartphone following multiple reports of replacement phones catching fire. The company has asked all carrier and retail partners to stop sales of the phone and to offer exchanges to those who have previously acquired one. It has also advised anyone who has purchased ...

Two people who are suspected of being members of the infamous hacking groups the Lizard Squad and PoodleCorp are reported to have been arrested last month for running cyber-attack-for-hire websites that launched attacks on companies and individuals. Zachary Buchta of Maryland and Bradley Han Willem Van Rooy of The Netherlands were charged in the U.S. ...

A new version of the notorious Cerber ransomware has been discovered that can kill database server processes. Ransomware is malicious software that makes files unavailable until money is paid to restore access. The Cerber ransomware first emerged in March when it was discovered to encrypt a victim’s data files using AES encryption, with users then being ...

Indian bitcoin wallet provider Zebpay (Zeb Ventures Pte Ltd.) is said to be in talks to raise a $4-5 million Series B round. According to reports, the company is talking to a number of Indian investors along with “a US-based venture capital fund which focuses on blockchain technology.” Founded in 2012 originally as BuySellBitco.in, Zebpay ...

Cloud communications company Twilio Inc. has filed for a second public offering of shares, following closely on its successful initial public offering in June. Under the proposed offering, Twilio will make available approximately $400 million in shares, with a majority of the shares expected to be sold by existing stockholders. Twilio, cofounded by Chief Executive ...

Samsung Electronics Co. Ltd. has suspended production of the Galaxy Note 7 as further reports have emerged of replacement devices also catching fire. The first report of a Note 7 replacement phone, one that was supposed to have rectified the battery fault that led to a recall of the phone in September, emerged last week ...

Verizon Communications Inc.’s takeover of Yahoo Inc. has taken an interesting twist, with reports the telco giant is asking for a $1 billion discount off the acquisition price following revelations that Yahoo was hacked. The report came via The New York Post, which claims that the Verizon AOL chief Tim Armstrong, who would run Yahoo ...

In yet another sign of a warming market for stock offerings by technology companies, Snap Inc. is working towards going public in the new year, according to a report published Thursday. The Wall Street Journal claims that the initial public offering of Snap, previously known as Snapchat, could value the company at $25 billion or more, making ...

Singaporean Artificial intelligence data analytics startup Nugit Pte. Ltd. has raised $5.2 million in funding from Sequoia India. Founded in 2013, Nugit uses artificial intelligence, natural language generation, and visual design to help marketers generate more usable reports based on the big data generated by advertising activity. The company’s platform provides analytics for digital marketers and ...

Poor Samsung Electronics Co. Ltd. can’t catch a break when it comes to its fire-prone Galaxy Note 7 line, with a replacement device catching fire during a flight Wednesday. The Galaxy Note 7 device reportedly caught fire on Southwest Airlines flight 944 from Louisville to Baltimore resulting in a full evacuation of the plane, which fortunately ...