Musk to step down as Tesla chairman and pay $20m fine in settlement with US regulators September 30, 2018 Elon Musk is to step down as chairman of Tesla after settling a fraud lawsuit with US regulators over tweets he made about taking the firm private. The billionaire boss of the electric car-making firm has also agreed to pay a $20m (£15m) fine from the US securities and exchange commission (SEC), staving off a [...]
Facebook hack: 50m accounts affected by data breach September 29, 2018 Social media giant Facebook yesterday confirmed it had been hit by a hack affecting millions of its users' accounts. Attackers were able to exploit a vulnerability in its "view as" feature, leaving around 50m accounts exposed to hackers. The breach was discovered on Tuesday and the police have been informed. Facebook vice president of product management [...]
Tesla shares drop despite board backing for Elon Musk after SEC lawsuit September 28, 2018 Tesla shares plunged almost 14 per cent today as boss Elon Musk faced the prospect of a ban from ever running a public company again. The electric car company’s board hailed Musk’s “integrity and his leadership” after the US Securities and Exchange Commission (SEC) filed legal action against him late last night. Read more: US watchdog [...]
IoT security: Your smart home device is a cyber security risk waiting to happen September 28, 2018 In the age of Google Home and Amazon Alexa, many modern households are home to one or more smart devices. While these gadgets can help with day-to-day tasks and generally make life easier – it's also opened up the possibilities of cyber attackers breaching vulnerable devices in the home. A new survey from Open-Xchange found that [...]
Bupa fined £175,000 after employee puts customers’ data up for sale on dark web September 28, 2018 Health firm Bupa has been fined £175,000 after an employee was able to access thousands of patients' files to sell on the dark web. Data watchdog the Information Commissioner's Office (ICO) said Bupa did not have effective security in place to stop the employee, who extracted personal information from 547,000 customers. The employee was able to [...]
London-based automation startup Softomotive scores $25m series A September 28, 2018 Business automation startup Softomotive will today reveal a $25m (£19m) series A investment, led by London investor Grafton Capital. Softomotive, which specialises in robotic process automation (RPA) plans to move its headquarters from Athens to London’s Spitalfields area with the new funds. Chief executive Marios Stavropoulos said that while the business is expanding across [...]
Tesla chief Elon Musk faces ban from running a public firm in SEC fraud charges September 27, 2018 Tesla chief Elon Musk faces being barred from running a public company after the US Securities and Exchange Commission (SEC) filed legal action, accusing him of alleged securities fraud over his public statements about taking the firm private. Tesla shares dropped more than 13 per cent in after-hours trade as news of the suit broke, [...]
RBS’ new digital bank to be called Bo September 27, 2018 Royal Bank of Scotland is understood to be exploring the launch of a digital-only standalone consumer bank, which will go live under the name Bo. Charging forward with RBS’ former operations chief Mark Bailie at the helm, roughly 100 staff are thought to have been briefed on the project’s name, sources told Sky News. [...]
War of the words: Facebook elite hit back at Whatsapp co-founder September 27, 2018 Whatsapp co-founder Brian Acton has found himself at the centre of a public dispute with former and current Facebook executives, after his criticisms against Facebook chief Mark Zuckerberg’s leadership style caused discomfort among the social app’s top brass. Facebook deputy David Marcus labelled Acton’s comments, in which the Whatsapp founder claimed Facebook and Zuckerberg pushed [...]
Samsung Electronics boss indicted on charges of union sabotage September 27, 2018 Samsung Electronics chairman Lee Sang-hoon has been indicted by South Korean authorities as part of an ongoing investigation into alleged workers' union sabotage. Lee, who entered the role in March, will appear in court alongside 27 other senior executives from Samsung and its affiliates later this year. The news comes after Samsung's vice chairman, Lee Jae-yong, was [...]