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Verdict 10/30/2020 14:33
The world’s biggest technology companies – Apple, Amazon, Facebook and Google – have reported largely blowout quarterly results, demonstrating their resilience to the disruption caused by the coronavirus pandemic. Combined, the four companies reported a quarterly net profit of $38 billion at a time when many traditional industries have seen revenues slump, redundancies made and […]. .
Verdict 10/30/2020 06:54
The UK’s data regulator has reduced Marriott International’s fine to £18.4m for failing to protect hundreds of millions of hotel guest records. In 2019 the Information Commissioner’s Office (ICO) gave its intent to fine the hotel chain £99.2m for failing to prevent hackers from stealing an estimated 339 million guests’ personal data. The cyberattack began […]. .
Verdict 10/29/2020 14:07
Europe’s industrial tech sector is struggling to attract investment and accounts for just 3% of venture capital (VC) investment in the region this year, according to a new report. Traditional industry, which includes verticals such as manufacturing, mining and construction, is a powerhouse for global economic activity. These industries are worth $23tn combined, accounting for […]. .
Verdict 10/29/2020 12:00
US startup Arable Labs has today announced that it has raised $20m in Series B funding for its agriculture digitisation solutions. The funding round was led by Prelude Ventures, with additional investment in Arable coming from Nassau Street Ventures, Tridon and M20. Existing investors Middleland Capital, S2G Ventures and Chase Field also contributed to the […]. .
Verdict 10/29/2020 11:54
The UK’s data watchdog has issued credit agency Experian an enforcement notice to make changes to how it deals with personal data, after it emerged it has been “trading, enriching and enhancing” individuals’ data without their knowledge. The Information Commissioner’s Office (ICO) instructed Experian Limited to make “fundamental changes” to the way it handles personal […]. .
Verdict 10/29/2020 10:56
Apurva Mehta is the CTO of Versa Networks, a cybersecurity company that provides SD-WAN and SASE software to protect network security infrastructure for enterprises and service providers. Founded in 2013, the Silicon Valley-based company has raised more than $43m in venture capital funding. It counts the likes of Adobe, Infosys and Barclays among its customers […]. .
Verdict 10/29/2020 09:01
Speech to text transcription service has launched live video captioning for Zoom. Trained using millions of hours of speech recordings, Otter uses machine learning to generate text transcriptions of speech, with up to 95% accuracy. In January, raised $10m to fund the growth of its AI transcription service. Otter for Business and Zoom […]. .
Verdict 10/29/2020 08:19
The UK’s data regulator has fined claims management company Reliance Advisory Limited £250,000 for making millions of nuisance calls relating to mis-sold PPI. Between January and June 2019, the Bury-based company made 15.1 million calls to people who had not consented to receive them, an investigation by the Information Commissioner’s Office (ICO) found. Of those, […]. .
Verdict 10/29/2020 06:36
In the early 2000s, the dawning of the internet promised to break down information-sharing barriers between nations. That optimism ended up being short-lived. Fast forward to 2020 and we’re seeing increasingly protectionist behaviour internationally and data legislation proliferates around the world. That shift has thrust data sovereignty front and centre. Recent events point to this. […]. .
Verdict 10/28/2020 14:07
The number of Remote Desktop Protocol (RDP) attacks soared by 140% in Q3 compared with the previous quarter, as cybercriminals looked to take advantage of companies relying on remote access while working from home. RDP makes it possible for one computer to connect to another over a network and control it as though the individual […]. .
Verdict 10/28/2020 13:11
Research and development company Klein Vision has announced that its latest generation of flying car, AirCar, has completed airport flight tests. The concept behind AirCar is a vehicle that can transform from a car into an air vehicle in less than 3 minutes. With retractable wings and folding tail surfaces, AirCar can function on both […]. .
Verdict 10/28/2020 10:16
Nordic cloud-based challenger bank Lunar has raked in a EUR40m ($47.2m) in Series C funding round to bolster its business banking and consumer credit offerings. The latest round sourced fresh capital from existing investors Chr. Augustinus Fabrikker, who extended its existing equity in the fintech firm. Private investors Alan Howard and Klaus Ostergaard, from Brevan […]. .
Verdict 10/28/2020 08:26
Buguroo is the developer of bugFraud, a comprehensive online fraud prevention solution for banks and retailers. It uses deep learning and behavioural biometrics, alongside device assessment and advanced malware detection, to enable anti-fraud protection at each stage of a customer’s online journey. Vice President Sales at Buguroo, Tim Ayling, spoke to Retail Banker International about […]. .
Verdict 10/27/2020 11:12
Using Microsoft’s Hololens augmented reality (AR) goggles, medical technology startup MedCognition is aiming to improve training for first responders and reduce associated costs in the process. Emergency workers, such as paramedics, can wear the AR goggles to view PerSim, MedCognition’s holographic patient. This allows paramedics to train in situ and recreate the scene of an […]. .
Verdict 10/27/2020 09:31
Spoof voter emails targeting US Democratic voters were not the result of an election systems hack, according to security experts. Last week Motherboard reported that Democrat voters in four swing states reported receiving emails warning them to vote for Donald Trump or “we will come after you”, purporting to be from far-right group Proud Boys. […]. .
Verdict 10/26/2020 13:51
NASA has announced that it has detected water on the sunlit surface of the Moon for the first time, a discovery that could be important for future space missions. The discovery was made by NASA’s Stratospheric Observatory for Infrared Astronomy (SOFIA), a modified a Boeing 747SP aircraft carrying a 2.7m reflecting telescope. NASA experts explained […]. .

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