With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn. The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India. Founded in 2015, […]
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An investigation by a global media consortium based on leaked targeting data provides further evidence that military-grade malware from Israel-based NSO Group, the world’s most infamous hacker-for-hire outfit, is being used to spy on journalists, human rights activists and political dissidents. From a list of more than 50,000 cellphone numbers obtained by the Paris-based journalism […]
For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions. But it turns out that the recent hack wasn’t the first major cybersecurity problem to hit the Miami-based […]
With Virgin Galactic making its highest profile test flight to date with boss Richard Branson aboard, it’s only a matter of time before paying customers get their chance and New Mexico realizes a dream that has been decades in the making. Former Gov. Bill Richardson is among those who have been watching the progress of […]
Back in 2001, internet connection speeds were estimated to be just 0.1Mbps. In fewer than 20 years, broadband and connectivity have changed in ways we could never have imagined. And the evolution is far from over. Fibre to the Premises (FTTP) takes the fibre optic connection directly from the local exchange into a business’ building, […]
Although not the biggest culprit of heightened carbon emissions and waste production by far, the telecommunications industry must still make its operations, products and services more sustainable. What should telcos focus on to reduce their environmental impact? The telecommunications industry contributed 2.6 percent of total global carbon dioxide (CO2) emissions in 2020, according to the European Telecommunications Network Operators’ (ETNO) Association. Although the sector isn’t as energy or resource-intensive as the likes of electricity production and […]
Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect […]
Norwegian telecoms provider Telenor is currently assessing a possibility to exit the Myanmar market, citing the worsening economic and business environment outlook and a deteriorating security and human rights situation, with limited prospects of improvement, the company said in a statement late last week. This statement was echoed by news reported by Reuters, who quoted […]
In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]
When a wildfire tore through Briceburg nearly two years ago, the tiny community on the edge of Yosemite National Park lost the only power line connecting it to the electrical grid. Rather than rebuilding poles and wires over increasingly dry hillsides, which could raise the risk of equipment igniting catastrophic fires, the nation’s largest utility […]