Tag Archives: million

Uber Paid Hackers $100,000, Concealed Hack That Exposed Data of 57 Million Users

Uber said Tuesday that hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year. “None of this should have happened, and I will not make excuses for it,” said a statement from chief executive Dara Khosrowshahi, who took over at the ridesharing giant in August. Two members of the Uber information security team ... Read More »

Tata Communications to invest $100 million on Internet of Things

Tata Communications Ltd is set to invest about USD 100 million in the the Internet of Things (IoT), a digital space the company is betting big on in the next few years. IoT is a serious business and will become a significant revenue line for the firm going forward, Tata Communications Senior Vice President and Head, Internet of Things, VS Shridhar ... Read More »

The Nikkei: Apple can ship only 20 million iPhone X this year

KGI estimated that Apple will ship 25-30 million iPhone X units this year, but information reported by The Nikkei points to an even lower number – “around 20 million”. It sounds like manufacturing issues started a long way back and even though they are clearing up now, it will still affect the launch. Apparently, the new OLED screens were the first issue to occur – ... Read More »

Sequoia, Norwest lead $50 million funding in Chennai-based Five Star Finance

Investment firms Sequoia Capital and US-based Norwest Venture Partners have led a round of Series C funding in Chennai-based lending company Five Star Business Finance, the companies said in a joint statement on Thursday. Five Star Business Finance is currently a loan provider focused in South India. Existing investors Matrix Partners India and Morgan Stanley Private Equity Asia also participated ... Read More »

Xiaomi celebrates 5 million Redmi Note 4s sold in India

The Xiaomi Redmi Note 4 has grown to 5 million sales in India. Back in March, it celebrated over 1 million units sold in 45 days and sales have remained strong since. To mark the occasion, Xiaomi created the world’s largest grain mosaic (using millet, the namesake of its phones). The mosaic covered an impressive 6,000 square feet. Besides promotion, the company did some ... Read More »

Sony’s smartphone shipments for Q1 FY2017 stood at 3.4 million, profits up

Sony has revealed its financial results for the first quarter of financial year 2017, and it’s largely good news. Total smartphone shipments stood at 3.4 million, which is up from the 3.1 million figure the company reported in the same period last year. Although mobile revenues were down (which the company says was due to “change in product mix of ... Read More »

$4 million in refunds doesn’t worry developer of PC survival game ‘Rust’

Imagine a $4 million loss sliding off your back like it’s no big deal. Well, Rust developer Garry Newman doesn’t have to imagine it at all. All told, Facepunch Studios gave out $4 million in refunds — which is only 6 percent of the total sales Rust has made since its soft launch release on Steam’s Early Access platform three and a half years ... Read More »

ECN Capital to buy Service Finance for C$410 million

Canadian commercial financing company ECN Capital Corp (ECN.TO) said on Thursday it would buy U.S.-based Service Finance Holdings LLC for C$410 million ($304 million) in cash. ECN Capital offers financial services to rail and commercial aviation markets, while privately held Service Finance Holdings lends for home improvement projects in the United States. Toronto-based ECN Capital sold its U.S. commercial and ... Read More »

New technology that can help the 360 million people with hearing loss

For the 360 million people worldwide who lack some or all of their ability to hear, technological interventions have already come a long way. But still, they’re not perfect. Hearing aids don’t translate certain frequencies as well as regular hearing, and some users find hearing interventions uncomfortable or are ideologically opposed to them. Soon that might all change. Scientists are ... Read More »

Five arrested for hacking into ATMs and stealing $3.2 million

Law enforcement authorities from Europe and Asia have arrested five members of an international cybercriminal group that specialized in hacking into automated teller machine (ATMs). The investigation began in early 2016, according to Europol. Three suspects were arrested in Taiwan, one in Romania, and one in Belarus. Most of them had multiple citizenships and could travel easily between countries, the ... Read More »