With the sale of its own token, $25 million in under 15 minutes has been raised by Aragon, a project that creates software to manage companies, said Luis Cuende, the project’s co-founder. Cuende said that for a start-up operating in the blockchain or distributed ledger space, the proceeds were the second-largest amount received. Aragon Network…
For providing “misleading information” about its acquisition of messaging service WhatsApp, Facebook has been fined 110 million euros ($122 million) by European regulators. The fine was announced on Thursday by the European Commission, the European Union’s executive arm. “Today’s decision sends a clear signal to companies that they must comply with all aspects of EU…
Under a bill proposed by two lawmakers on Wednesday, the U.S. National Security Agency (NSA) could be required to make public any security flaws it finds in software that it exploits to spy on users. Issues related to whether a vulnerability discovered by the NSA should be disclosed to the companies concerned or the public,…
Analysts and experts have noticed that digital currency is being manufactured even as a computer virus that exploits the same vulnerability as the global “ransomware” attack has latched on to more than 200,000 computers. The development provides another piece of evidence that a North Korea-linked hacking group may be behind the attacks and adds to…
The airline industry’s global lobby group has said that travelers could be cost more than $1 billion by the widening of a U.S. ban on carrying electronic devices aboard aircraft to include flights from Europe. The International Air Transport Association estimates that extending the ban to the 28 European Union states plus Switzerland, Norway and…
Starting from June, the hacking group has threatened to release more hacking tools every month; it is also willing to sell the world’s biggest commercial secrets to the highest bidder. With hackers launching a new wave of cyberattacks in the form of the WannaCry “ransomware” based on a tool developed by the NSA, governments across…
BlackBerry is testing its security tool with automakers. As per a financial analyst, BlackBerry Ltd is collaborating with at least two car manufacturers for developing a security service that can remotely scan vehicles for computer viruses and tell drivers to pull over if they are in critical danger. In a note to clients, BlackBerry is…
Potentially derailing a much-needed capital injection for the Japanese conglomerate, Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent. Sources have said that having put in a much lower offer than other suitors, Western Digital is not a favored bidder for the world’s second…
Insurers say that companies outside of the United States could be facing potentially millions of dollars of losses because there has been relatively little take-up of cyber insurance as they may not have cover for a recent computer-system attack. Stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday…
Known as Bell, to its customers, the company stated the hack isn’t linked to the WannaCry attack. Financial information, including login credentials, weren’t accessed by the hackers. Hackers have managed to breach and access the customer information of 1.9 million customers, including names, e-mail addresses and active phone numbers, of Canada’s largest telecom company BCE…
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