Up to $332.5 million in fees and costs for their work would be charged by the lawyers for Volkswagen AG vehicle owners who had worked in a $10 billion settlement over claims the automaker used software to cheat on emissions testing. This was revealed in a court filing in the case recently. The amount that…
If it sticks to this rumoured launch date it will have to share it with Sony’s PS4 Neo which is also scheduled to be launched on that same eventful day. Apple is scheduled to launch its next flagship smartphone, which, for want of a better name, we are referring to as iPhone 7, on September…
12 of the 16 Bluetooth-enabled locks that have tested have absolutely rubbish security. If you are using or planning to use Bluetooth enabled locks, this is a must read. When Anthony Rose, a security researcher wanted to explore the range of his Bluetooth range finding setup he did not expect that breaking into “security” gadgets…
A $160 million Series C funding round which brought the total funds raised to nearly half a billion dollars was completed by online used-car startup Carvana, known for delivering vehicles through vending machines. The company made this announcement. While declining to part with much of the investor details, along with existing and new investors, the…
Electric vehicle charging companies are claiming that Volkswagen should not have the power to shape the nascent electric car charging space and is vehemently calling for independent oversight of the $2 billion Volkswagen AG is required to invest in clean car infrastructure. As part of its penalties for equipping hundreds of thousands of its diesel…
This has significant cost cutting benefits for research studies. In a development that could make research less expensive in the future, a team at Microsoft Research figured out how to share encrypted data that’s stored in the cloud without compromising security. “Machine learning algorithms may examine our genomes to determine our susceptibility to maladies such as heart…
4 times bigger than the offerings of its competitor, Seagate’s drive will be officially launched sometime later in 2017. Seagate has announced the launch of its 60TB SSD, which is the world’s largest to date. Before you launch another tab and go hunting for it in order to snag one, do note that it’s available…
India’s crude oil imports could be reduced to a significant degree by the the country’s love for fried food. Ramakrishna Y.B., the head of an Indian government panel that’s looking at the potential for development of usable fuels derived from plants, claims that the nation of 1.3 billion people can make at least 2 million…
In connection to the alleged fraudulent and anticompetitive conduct in relation to the Libor rigging scandal, a $100m (£77m) settlement with more than 40 US states has been reached by Barclays. Four years ago, the bank had been imposed with a fine of £290 m by regulators from U.K. Other agencies have also imposed fines on Barclays…
The intrusion occurred through Micros – Oracle portal for processing credit cards. Companies such as Adidas, Burger King & Hilton could be affected due to this breach. Hackers need not always hack into a company directly to access its customer’s credit card details. A roundabout route can often lead to direct access. Although this appears…
