Shadow silent on data breach as hacked data appears genuine
A data breach at French cloud gaming provider Shadow may be worse than the company initially suggested, according to a sample of the stolen data seen by TechCrunch. In an email sent to affected customers this week, Paris-based Shadow said that a hacker carried out an “advanced social engineering attack”
Read moreArmed with $40M in fresh capital, fintech Stash says it’s moving toward an IPO
Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that it just raised $40 million through one of these mechanisms, led by early and existing backer T. Rowe Price. It’s an interesting wrinkle for
Read moreHow do you pronounce IaaS?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, and we’re talking about the week’s biggest startup and tech news. Mary Ann and Alex were joined by Kirsten once again to parse
Read moreCisco Collaborates DCDT for Digital Acceleration Program Expansion
The Department of Communications and Digital Technologies and Cisco have signed a Memorandum of Understanding (MoU) to launch a new phase of the Cisco Country Digital Acceleration (CDA) Program in South Africa. Ms. Nonkqubela Jordan-Dyani, the Director-General of the Department of Communications and Digital Technology (DCDT), and Ms. Smangele Nkosi,
Read moreMeta says it’s prioritizing livestreaming checks during Israel-Hamas war
Following a content moderation warning from European Union regulators earlier this week, Meta has published an overview of how its responding to risks on its social media platforms stemming from the Israel-Hamas war. Its blog post covers what it frames as “ongoing efforts”, with some existing policies and tools for
Read moreNew Authentication Channel a Game Changer for Online Businesses
3D Secure for online payments continues to gather momentum globally. However, for some industries, real-time authentication requirements can be a significant drawback, especially those that rely on recurring, subscription or instalment card-on-file transactions. Now, a new decoupled authentication enables the same level of security as 3D Secure authentication, without requiring
Read moreCyber Security Today, Oct. 13, 2023 – A ransomware gang offers cash for employees to betray their firms
A ransomware gang offers cash for employees to betray their firms. Welcome to Cyber Security Today. It’s Friday, October 13th, 2023. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com and TechNewsday.com in the U.S. The Everest ransomware group is again trying to lure employees to help it compromise
Read moreSouth African Logitech Startup Tripplo Closes Seed Round with Additional $1.8 million
Tripplo, the Johannesburg-based innovative logistics software platform, has secured a US$1.8m equity investment to close out its seed funding extension round. The round was led by Futuregrowth Asset Management (representing Old Mutual Life Assurance Company South Africa) and followed by Galloprovincialis. The two investors join Standard Bank of South Africa,
Read moreSMBs Struggle to Keep Pace with Cyber Security Threats
Keeping on top of new threats is the biggest cyber security challenge facing small and mid-sized businesses (SMBs) – and more than half are calling for help to manage the risks, new global research by Sage reveals today. The leader in accounting, financial, HR and payroll technology for SMBs has
Read moreTradeshift co-founder accused of sexual assault by company, allegations he denies
Tradeshift, a late-stage fintech startup that has raised over $1 billion in venture and debt, has dismissed its co-founder Christian Lanng, citing “serious allegations of sexual assault and harassment” and “gross misconduct on multiple grounds,” according to a company statement posted on Tuesday. Lanng has vehemently denied the allegations. Tradeshift
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