Duncan Riley
Latest from Duncan Riley
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 …
New version of notorious Cerber ransomware can kill database server processes
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 …
Indian bitcoin wallet provider Zebpay raising $4-5M Series B round
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 …
Twilio shares fall as existing shareholders to sell $400M of stock
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 …
Samsung suspends production of Note 7 as replacement phones catch fire
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 …
Report: Verizon asks for $1B discount on acquisition price after Yahoo hacking revelations
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, …
Report: Snap (formerly Snapchat) preparing for an IPO in 2017
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 …
Singapore AI data analytics startup Nugit raises $5.2M from Sequoia India
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 …
Replacement Samsung Galaxy Note 7 catches fire
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 …
No one may want to buy Twitter, but it might not want to sell either
The chances of Twitter Inc. being acquired are quickly fading, with multiple reports Wednesday suggesting that all previously mentioned suitors may no longer be interested in placing a bid for the troubled company. According to sources quoted by Recode, Google Inc. does …