Facebook hit by major data breach that left millions of user records on Amazon public software April 3, 2019 Millions of Facebook users have been affected in a major data oversight that left a trove of records publicly available on Amazon cloud-computing servers. Researchers at cybersecurity firm Upguard found that in one example, media firm Cultura Colectiva had posted 540m user records in a public database that included information such as account names, Facebook [...]
MateBook 13 review: An great value ultrabook that rivals Apple’s MacBook Air April 3, 2019 Last year’s Huawei Matebook X Pro marked the Chinese firm’s hard-won graduation from “oh, they do laptops too?” to producing a best-in-class device that comfortably squares up to Apple’s MacBook Pro in performance, build quality and minimalist design aesthetic, while roundly beating it on price. If you wanted your Windows 10 cornflakes served in a [...]
Shock, horror: Patagonia bans sale of corporate branded vests to fintech and Wall Street firms April 3, 2019 Patagonia will no longer sell corporate branded vests to financial firms as the US outdoor clothing retailer aims to target more environmentally-focused companies. The company has banned the sale of its popular branded vests, which are a wardrobe staple on Wall Street and in Silicon Valley, to financial services and technology firms, it confirmed today. Read more: [...]
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Government urges businesses to ramp up cyber security as attack costs increase April 3, 2019 The government has called on businesses and charities to beef up their cyber security defences after new figures revealed the financial cost of breaches has shot up. A survey published by the Department for Digital, Culture, Media and Sport (DCMS) revealed the percentage of businesses suffering attacks has dropped to 32 per cent, down from [...]
Iranian cyber attack harvested details of MPs and chief executives April 3, 2019 Iranian hackers launched cyber attacks on key parts of British infrastructure, gaining access to MPs' mobile phone numbers, in a major breach just before Christmas, according to reports. The 23 December attacks are also said to have hit UK private-sector firms including the Post Office and banks, as well as local government networks. Sky News yesterday [...]
AI startup Onfido tops $100m investment as it closes $50m funding round led by Softbank and Salesforce April 3, 2019 Digital identity startup Onfido today closed a $50m (£38m) funding round led by Softbank, bringing its total investment above $100m. Read more: London fintechs dominate startup programme as they bid to scale-up Salesforce Ventures also co-led the funding round with Softbank Investments (SBI), while Microsoft’s M12 fund and existing investors also contributed. London-headquartered Onfido will [...]
The Copyright Directive might have noble aims, but it is plagued by a lack of clarity April 3, 2019 Last week, the European Union inched closer to finalising new rules governing the use of copyright material on the internet. Set out in the Directive on Copyright in the Digital Single Market, the rules set out to curb the power of big tech firms by levelling the playing field between content creators and those who [...]
Fintech Opengamma secures $10m funding led by London investor Dawn Capital April 3, 2019 Derivative analytics platform Opengamma has secured $10m (£7.6m) in funding led by London early stage investor Dawn Capital. The funding will allow Opengamma, which has doubled the size of its workforce and customer base over the last 12 months, to expand its teams in London, New York and Singapore and launch new products in the collateral [...]
DEBATE: Is Apple’s move into finance with the launch of a credit card a good idea for the tech giant? April 2, 2019 Is Apple’s move into finance with the launch of a credit card a good idea for the tech giant? YES, says Andrew Mitchell, vice president at JCB. Despite the steady growth of Apple Pay, it’s relatively early for Apple in the payments sphere. However, this product could be a catalyst, strengthening Apple’s position in financial services [...]