Duncan Riley
Latest from Duncan Riley
Going old school, PayPal Inc. said Tuesday it will acquire TIO Networks Corp., a financial services company that facilitates bill payments in offline locations. PayPal will pay $233 million in cash for the company. Founded in 1997, TIO is a bill payment …
IBM’s Watson brings AI cybercrime fighting tools to security operations centers
IBM Corp.’s long-held ambition to fight cybercrime has come to fruition as it announced the general availability of its Watson for Cyber Security platform. The platform, announced in May 2016 and launched in beta test phase in December, has been designed to discover behavior …
Drone security startup Dedrone raises $15M from Felicis, Cisco’s John Chambers
Drone security platform maker Dedrone Holdings Inc. has raised $15 million in a round led by Felicis Ventures and John Chambers, Cisco Systems Inc.’s executive chairman. Founded in 2014, Dedrone offers an automated drone security platform. Described by the company as an extension of …
Holographic startup 8i raises $27M in new round led by Time Warner
Holographic technology startup 8i Labs Inc. has raised $27 million Series B in a round led by Time Warner Investments. Founded in 2014, 8i is building a consumer media platform that lets users create, experience and share immersive 3D video of real people, …
Cyber Threat Alliance taps former Obama official as its first president
The Cyber Threat Alliance, an organization founded by leading tech companies in 2014 to drive a coordinated industry effort against cyberadversaries, has appointed a former Obama Administration official as its first appointed president and added two new prominent corporate members. Michael Daniel takes …
Rolls-Royce plans to produce autonomous ships by 2020
While self-driving cars and autonomous drones are still grabbing plenty of headlines so far this year, the same technology now looks set to revolutionize the global shipping industry — at least if U.K. engineering giant Rolls-Royce Ltd. has its way. Best known …
Bitcoin markets remain volatile after Chinese exchanges suspend withdrawals
Bitcoin markets remain volatile today following the decision by a number of leading exchanges in China to suspend all withdrawals of the currency pending improved protections against money laundering and other illegal activity. The move to suspend bitcoin withdrawals was made on Thursday …
Almost 2M WordPress sites defaced thanks to security vulnerability
A serious content-injection vulnerability in the popular WordPress content management system, first discovered at the end of January, has been used to deface more than 1.9 million sites. Seattle-based security firm WordFence Inc., which described it as “one of the worst WordPress …
Government-grade spyware used to target supporters of Mexico’s soda tax
Hacking tools believed to have originated from government-focused Israeli spyware company NSO Group have been used to target health activists who support a soda tax in Mexico, according to a report published Friday. The New York Times wrote that the tools, which are exclusively …
Survey finds majority of Snapchat users are likely to switch to another app
A new survey has cast serious doubts on whether Snap Inc., the maker of the Snapchat messaging app, has much chance of remaining successful in the future. The survey, undertaken by marketing firm Fluent, found that nearly half of all American adults think that …