U.K.-based mobile virtual network provider giant Lyca Mobile has confirmed a cyberattack that caused service disruption for millions of its customers. Lyca Mobile claims to be the world’s largest international mobile virtual network operator, or MVNO, which piggybacks off network operator EE’s infrastructure. Lyca confirmed in a statement this week that the security incident prevented…
When I mentioned “the rise of AI” in a recent email to investors, one of them sent me an interesting reply: “The ‘rise of AI’ is a bit of a misnomer.” What that investor, Rudina Seseri, a managing partner at Glasswing Ventures, means to say is that sophisticated technologies like AI and deep learning have…
Spotify today is rolling out a big change in terms of how users connect with artists on its streaming music platform. With the newly debuted artist profile pages, content has been reorganized under three main tabs, including Music, Events and Merch. The Music tab will also now not only feature the artist’s tracks and albums,…
MGM Resorts has confirmed hackers stole an unspecified amount of customers’ personal information during a September cyberattack that will cost the hotel and casino giant an estimated $100 million. The hotel and casino giant first disclosed it had been targeted by a large-scale cyberattack on September 11. The cyberattack, which was days later claimed by…
As founder and CEO of healthy grocery delivery service Hungryroot, Ben McKean has been investigating the power of AI technologies to improve his business. But with the launch of his new side project — an app called Every — McKean wants to explore the use of AI to help people establish deeper relationships with themselves…
Jason Rader is chief information security officer for Insight Enterprises, a Fortune 500 solutions integrator accelerating digital transformation by unlocking the power of people and technology. Security concerns are inexorably intertwined with the exploration and implementation of generative AI. According to a recent report featuring data we commissioned, 49% of business leaders consider safety and…
PayPal has been hit with a class action lawsuit by consumers represented by law firm Hagens Berman alleging that the fintech giant’s anti-steering rules stifle competition against lower-cost payment platforms such as Stripe and Shopify. Specifically, according to an investigation conducted by the firm’s consumer rights attorneys, PayPal has subjected consumers to excess charges when…
X, formerly Twitter, has started cutting headlines from link cards on the iOS app and on the web. This means you will see just an image with the domain name of the link on the bottom left, which is easy to miss. The move is part of Elon Musk’s efforts to get users to post…
Section 32, a venture firm founded by ex-Google Ventures CEO Bill Maris, has closed on $525 million in capital commitments across its fifth fund, TechCrunch is first to report. A portion of the capital will go toward early-stage investments, while the remaining will be reserved for follow-on opportunities. The Palo Alto, California firm, which now…
Motel One, one of Europe’s largest hotel chains, has confirmed it was the target of a ransomware attack that saw hackers access customer data. Motel One is a low-budget German hotel chain that operates 90 hotels across Europe and the United States. The company said in a brief statement this week that it was the…
