Author: TechBrunch
Education technology company Blackbaud has agreed to a settlement with the U.S. Federal Trade Commission over its security practices that led to a 2020 data breach. The FTC said “lax” security protocols at Blackbaud, a U.S.-based company that provides financial and management software to universities, nonprofits, medical institutions, and far-right organizations, allowed attackers to infiltrate the company's network and collect personal data. claims to have access to. Millions of consumers. In this February 2020 incident, a malicious hacker used a customer's credentials to gain access to Blackbaud's network, and the hacker remained undetected for more than three months, stealing large…
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. Get a roundup of TechCrunch's biggest and most important crypto articles delivered to your inbox every Thursday at 12pm PT. Subscribe here. Hello. Welcome to the third edition of the new and improved TechCrunch Crypto newsletter. As mentioned above, we plan to add some fresh regular segments and features in addition to our regularly scheduled news. If you like what you see (or don't), let us know at jacquelyn@techcrunch.com. Have a great February, friends! We are one-twelfth of the year complete. It wasn't that difficult, right? He only has 11 more…
US cybersecurity agency CISA has ordered federal agencies to urgently disconnect Ivanti VPN appliances due to the risk of malicious exploitation due to multiple software flaws. In an updated version of the emergency directive first announced last week, CISA now requires all federal civilian executive branch agencies (a list that includes the Department of Homeland Security and the Securities and Exchange Commission) to shut down all federal agencies due to “serious threats.” Requires disconnecting the Ivanti VPN appliance. It is caused by numerous zero-day vulnerabilities that are currently being exploited by malicious hackers. Federal agencies typically have several weeks to…
A broken iPhone was spotted during COP28 held in Dubai, United Arab Emirates on November 30, 2023. Image credits: Beata Zawrzel/NurPhoto (via Getty Images) In 2019, Apple announced that it would start sending some security researchers a “special” version of the iPhone designed to use to find vulnerabilities, and then report them to Apple so that the company could identify the vulnerabilities. I made it possible to fix it. In 2020, the company began shipping devices designed to disable some security features to help researchers find bugs in iOS. Before these devices existed, there existed a loosely organized group of…
Polygon Labs, the team focused on building the layer-2 blockchain Polygon, has laid off 60 employees, representing about 19% of its staff, according to a post published Thursday by CEO Marc Boisron. That's what it means. Polygon Chain is one of the largest layer 2 blockchains focused on scaling Ethereum. According to the company's website, it has facilitated more than 2.44 billion transactions, deployed more than 1.17 million smart contracts, and generated $12.8 billion in revenue. Polygon Labs is an organization that helps build blockchain ecosystems. Boisron said the team's growth during the last crypto bull market has “diminished” the…
US access and identity management giant Okta has announced that it will lay off approximately 400 employees, representing 7% of its global workforce. The layoffs come almost exactly one year after Okta announced plans to cut its workforce by 5%, or about 300 jobs. In an email sent to employees that Okta shared with TechCrunch, Okta CEO Todd McKinnon said the decision was necessary for the San Francisco-based organization to grow profitably. He said it was. His Okta, which has more than 18,000 customers, announced better-than-expected quarterly profits in November, with sales up 21% to $584 million. “While we have…
Several Over the past few years, the biggest technological innovations have occurred separately across the artificial intelligence and blockchain industries. And while the two sectors are reaching different levels of mainstream adoption, they also face challenges that the other sector could help alleviate, according to a new report shared exclusively with TechCrunch+ by TenSquared Capital (10SQ). It is said that it is facing. Whether the industry realizes it or not, 10SQ founder Stan Miroshnik said, “I think AI needs blockchain more than the other way around.” The AI sector needs more secure data sharing and decentralized marketplaces for its models…
most In its most recent quarter, Microsoft reported revenue worth $62 billion, operating income worth $27 billion, and net income worth $21.9 billion. It also recently cut 1,900 jobs. Alphabet reported revenues of $86.3 billion, operating income of $23.7 billion, net income of $20.7 billion, and a decrease in employee count of nearly 8,000 compared to the same period last year. On the one hand, two of the most well-known companies in the tech industry have just delivered operating profits at or near an annual run rate of $100 billion. On the other hand, both companies have recently been working…
Ripple's co-founder and executive chairman revealed on Tuesday that hackers stole approximately $112 million in Ripple-specific cryptocurrency XRP from a cryptocurrency wallet. Ripple's Chris Larsen said on Wednesday that the stolen cryptocurrency belonged to him.Larsen I wrote to X (Formerly Twitter) “Several of my personal XRP accounts (not Ripple) have had unauthorized access. We quickly discovered the issue and notified the exchange to freeze the affected addresses. Law enforcement is already involved. ” Larsen wrote the post less than an hour after prominent cryptocurrency security researcher ZachXBT announced the news of the hack. inquiry Do you have more information about…
Solana, Polygon, Optimism and other blockchains are also gaining developer interest global web 3 Developer space to expand in 2023 despite continuing crypto market bear market and regulatory headwinds in the US, according to new report This was especially a home run for Ethereum, one of the most famous layer 1 blockchains. According to his 2023 Web3 Development Report on Alchemy, the number of blockchain software developer kit (SDK) installations has increased from 81.4 million downloads in 2022 to 106.4 million downloads in 2023. million downloads, an increase of 31% from the previous year. According to the report, the total…