Following the filing of a fraud case against the Chairman and Chief Executive of the electric car maker Tesla Elon Musk by the US Securities and Exchange Commission (SEC), there was a 13 per cent drop in the shares of the company over worries of investors about the future of Musk. The fear among investors…
Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
Australia’s peak industry group has warned that “systemic weakness or vulnerability” could be created that would be open to exploitation by the proposed legislations made by Peter Dutton which proposes to increase the capabilities of the government for surveillance into telecommunication devices by injecting spyware risks. This was said by the Australian Industry Group in…
Following a funding round that yielded $50 million, the market valuation of the British cybersecurity start-up Darktrace touched $1.65 billion. With backing from existing investors KKR and TenEleven Ventures, European private equity firm Vitruvian Partners led the most recent investment round in the company. Detection and countering of cyber threats is done through the use…
SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…
The Series E funding round was led by European private equity firm Vitruvian Partners LLP. So far the company has raised $229 million. Darktrace, a cyber-security firm stated, it has raised $50 million in its latest funding round that was led by Vitruvian Partners LLP, an European private equity firm, and saw the startup being…
Twitter is attempting to eliminate the use of dehumanizing language on its platform which comprises of a huge part of its platform. But the company is not planning to engage in a complete makeover of the platform and start from scratch once again. Rather, the company is hoping that implementation of the new policy would…
Chip making giant Qualcomm has again raised allegations against Apple Inc of decamping with “vast swaths” of confidential information and trade secrets of the company and then the iPhone maker has also shared the same with Intel to allow the Qualcomm’s chip maker to enhance the modems made by Intel which are fitted into Apple’s…
A new enhanced series of security tools that would require users to remember lesser number of passwords was unveiled by United States based global etch giant Microsoft Corporation. The company said that the new tools would enable better security for the accounts of the users of its cloud services despite them having to remember lesser…
Deutsche Bank has been directed to put in more effort by the financial regulator of Germany to prevent incident of money-laundering and “terrorist financing,” and has also directed the appointment of an independent auditor to monitor the progress of the efforts being made by the bank BaFin, the German financial regulator announced on Monday that…
