How Bioguard became an invisible but effective ally against Covid-19

One potent weapon in the fight against Covid-19 comes from somewhere you might not expect: the banknote printing industry. Bioguard is a treatment invented 15 years ago for combatting viruses, bacteria and microscopic fungi on banknotes. Tests conducted last year by the solution’s creator, security printer Oberthur Fiduciaire, clinically demonstrated its efficacy against coronavirus. But…

Cloud Security firm Netskope valued at $7.5 billion, raises $300M in latest funding round

In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million. Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated…

UK unveils draft Online Safety Bill aimed at imposing sense of responsibility on social media companies

On Wednesday, in a significant development Britain said, it plans on unveil a new law which will fine social media companies up to 10% of their global turnover of 18 million pounds ($25 million), if they fail to remove online abuses such as racist hate crimes; the law will also see senior managers face criminal…

Business users of WhatsApp’s not protected by end-to-end encryption

With users migrating to other messaging platforms following privacy concerns stemming from Facebook Inc’s WhatsApp update, Facebook said, it will delay the update. WhatsApp users are concerned that the Facebook owned messaging app is watering down its privacy policy in the update. Earlier this month, WhatsApp notified users through a notification that it was preparing…

SEC issues guidelines for holding digital asset securities

This is likely to pave the way for traditional investors to hold more digital asset securities. In a significant development, midst enquiries requesting clarity on holding digital assets with regard to federal securities law, the U.S. Securities and Exchange Commission (SEC) has issued a notice on broker-dealer custody of digital asset securities. As per the…

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…

Hackers gains access to millions of payment card details from Hudson’s Bay Co

JokerStash, a well known criminal group, has managed to breach Hudson’s Bay Co’s security systems and gain access to its payment cards data. Having penetrated the security systems of Hudson’s Bay Co, hackers have gained access to data on payment cards used at Saks and Lord & Taylor stores in North America, said Hudson’s Bay…

Singapore’s central bank eyeing imposition of investor protection regulations for cryptocurrencies

Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…

European Court of Justice to rule on privacy safeguards for EU citizen

Many large U.S. tech companies routinely transfer private EU citizen’s data without sufficient protection from U.S. mass surveillance. On Tuesday, in a case which has significant implication for many big companies, Ireland’s High Court stated it would ask EU’s top court to rule on the way in which internet companies, including Facebook, Apple and Google,…