technology

Startups reckoning with an end to cheap capital face hard decisions

Cube CEO Christina Ross (middle) with her team cube When Cube CEO Christina Ross kicked off fundraising efforts for her financial planning software startup in February, cloud stocks were already down 40% from their 2021 highs. They had a lot further to drop over the next few months. By the time Cube announced its $30 …

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Samsung’s Q2 earnings ‘better than feared’ and spur chip stock rally

Samsung shares rose on Thursday, dragging Asian chipmakers higher after the South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor firms, though analysts cautioned that demand weakness may not have fully run its …

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Avoid These ‘Toll Fraud’ Apps on Android

photo: Stokkete (Shutterstock) Older Android phones are a known security risk, but recent research from Microsoft’s 365 Defender Research Team shows just how vulnerable the outdated devices are vulnerable to a serious form of malware known as “toll fraud.” Toll fraud malware hides in normal-looking apps, quietly signing up users for premium subscription services through …

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Video game industry not ‘recession proof,’ sales set to fall in 2022

The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract …

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North Korean government hackers hit health services with ransomware, US agencies warn

CNN — North Korean government-backed hackers have in the last year targeted multiple health organizations with ransomware, in some cases disrupting health services for “prolonged periods,” the FBI and other US agencies warned on Wednesday. The North Koreans have used the ransomware — a type of malicious computer code that locks computer files — to …

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Phishing Scam Reportedly Behind $540 Million Axie Infinity Hack

Image: Sky Mavis NFT Pokémon clone Axie Infinity went from being famous for players profiting off its “play-to-earn” gaming scam to infamous for getting hacked out of $540 million in cryptocurrency. Now according to a new report by The Block we know what made the security breach possible: a sophisticated phishing attempt socially engineered on …

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Virgin Galactic contracts Boeing subsidiary for aircraft ‘motherships’

A conceptual rendering of the company’s carrier aircraft, also known as a “mothership.” Virgin Galactic Space tourism company Virgin Galactic on Wednesday announced a deal with Boeing subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve …

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