Data of 500M facebook users being shared online by leaker

A group of hackers are offering data, including phone numbers, on more than 500 million Facebook users, for almost free of charge. The database appears to be the same set of Facebook-linked data that has been circulating in hacker circles since January 2021 and whose existence was first reported by tech publication Motherboard, according to…

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Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

ByteDance explores sale of TikTok’s Indian operations

In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…

Due diligence on cryptocurrencies a must before they are widely adopted: EU Finance Ministers

Finance ministers from the European Union have agreed that private digital currencies including Facebook’s Libra should not be allowed in the European Union until potential risks surrounding them are clearly addressed. The move confirms the tough stance claimed by the EU on stablecurrencies such as Facebook’s Libra, which incidentally has attracted criticism from global regulators…

Chinese hackers targeted global telecom companies

U.S.-Israeli cyber security firm Cybereason has been investigating these hacking attacks by Chinese hackers for the last 9 months. On Tuesday, researchers from a cyber security company Cybereason stated, Chinese hackers have broken into the systems of more than a dozen global telecoms companies and have stolen large amounts of personal and corporate data. According…

British satellite operator Inmarsat Plc to go private in $3.4 billion deal

Inmarsat Plc top shareholder Lansdowne Partners and the company’s directors consider the terms of the deal to be “fair and reasonable” and expect shareholders to unanimously vote in favor of it. In a significant development, a private equity-led consortium has agreed to acquire Inmarsat Plc for nearly $3.4 billion in cash. In 2018, the British…

HNA Technology Co Ltd in preliminary talks with Apollo Global management LLC to sell Ingram Micro

HNA Technology Co Ltd has reported the same in a filing to the Shanghai stock exchange albeit without disclosing the name of the buyer. On Monday, as per China’s HNA Technology Co Ltd’s filing to the Shanghai stock exchange, it is holding preliminary talks with a concerted party to sell U.S. electronics distributor Ingram Micro…

Musk’s showmanship on Twitter raises concerns of corporate governance

While Musk’s last Tuesday’s tweets must have given a series of palpitations to those who were betting against Tesla’s stock, while many investors believed it to be a prank which is in line with the Tesla brand, SEC lawyers aren’t amused since these could potentially trigger non-compliance of disclosures. Elon Musk’s proposal to take Tesla…

KODAKOne’s Initial Token Offering to go public on May 21

KodakOne, Kodak’s blockchain project, has largely been linked to its surging share prices. It is  the vehicle through which it aims to be once again  relevant in the photography industry. In a development that aims to protect and improve digital rights management, Wenn Digital, a developer of an image protection blockchain platform licensed by Eastman…

Verifone Systems Inc merges with Francisco Partners and goes private for $2.58 billion

Verifone Systems is a point-of-sale device maker. The development comes midst an increase in consumer spending vide credit cards. Francisco Partners will take Verifone Systems Inc, a payments technology firm, private for $2.58 billion in cash. With the news reaching the market, shares of Verifone Systems, which makes point-of-sale payment devices, surged by 52% in…