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Technology

ALERT: Malicious Amazon Alexa Skills Can Easily Bypass Vetting Process

Researchers have uncovered gaps in Amazon’s skill vetting process for the Alexa voice assistant ecosystem that could allow a malicious actor to publish a deceptive skill under any arbitrary developer name and even make backend code changes after approval to trick users into giving up sensitive information. The findings were presented on Wednesday at the…

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Technology

How to land startup funding from real estate giant Brookfield, which manages $600 billion in assets

There are big investment firms, and then there are big investment firms. Brookfield Asset Management, the Toronto-based,122-year-old outfit whose current market cap is $63 billion and that oversees $600 billion in assets, clearly falls into the latter camp. Think real estate, infrastructure, renewable power, private equity, and credit. If it falls into a defined asset…

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Technology

Cisco Releases Security Patches for Critical Flaws Affecting its Products

Cisco has addressed a maximum severity vulnerability in its Application Centric Infrastructure (ACI) Multi-Site Orchestrator (MSO) that could allow an unauthenticated, remote attacker to bypass authentication on vulnerable devices. “An attacker could exploit this vulnerability by sending a crafted request to the affected API,” the company said in an advisory published yesterday. “A successful Read the original…

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Technology

Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce

Raena’s team, from left to right: chief operating officer Guo Xing Lim, chief executive officer Sreejita Deb and chief commercial officer Widelia Liu Raena was founded in 2019 to create personal care brands with top social media influencers. After several launches, however, the Singapore-based startup noticed an interesting trend: customers were ordering batches of products…

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Technology

Tim Hortons marks two years in China with Tencent investment

Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital partner in China, and Eastern Bell Capital. The round comes two years after Tim Hortons made its foray into China’s booming coffee industry.…

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Technology

Bessemer Venture Partners closes on $3.3 billion across two funds

Another major VC firm has closed two major rounds, underscoring the long-term confidence investors continue to have for backing privately held companies in the tech sector. Early-stage VC firm Bessemer Venture Partners announced Thursday the close of two new funds totaling $3.3 billion that it will be using to back early-stage startups as well as…

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Blockchain

Blockchain lags behind other technologies in finance adoption for now, says Broadridge

Global fintech firm Broadridge Financial Solutions has released a new report on next-gen technology adoption amongst financial services firms. It finds that, of the four ABCDs of innovation (AI, blockchain, cloud, and digital), blockchain technologies are currently being implemented the least. Of the 1,000 C-suite executives and direct reports that were surveyed, only 15% are…

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Technology

India sets more stringent rules for social media, streaming services

India announced sweeping changes to its guidelines for social media, on-demand video streaming services, and digital news outlets on Thursday, joining several other nations in posing new challenges for giants such as Facebook and Google that count the nation as its biggest market by users. Ravi Shankar Prasad, India’s IT, Law, and Justice minister, said…

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Technology

Maze raises another $15 million for its user testing platform

Maze has closed a $15 million Series A funding round led by Emergence Capital. The company lets you run user tests at scale so that you can get feedback before rolling out a design update or test copy. When you have a lot of users, you don’t want to roll out some changes before testing…

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Technology

Russian Hackers Targeted Ukraine Authorities With Supply-Chain Malware Attack

Ukraine is formally pointing fingers at Russian hackers for hacking into one of its government systems and attempting to plant and distribute malicious documents that would install malware on target systems of public authorities. “The purpose of the attack was the mass contamination of information resources of public authorities, as this system is used for…