Hackers target UN and IMF using ‘sophisticated’ cyber attacks February 27, 2019 Cyber attackers have ramped up the power and complexity of their efforts, targeting crucial international bodies including the United Nations, US state department and International Monetary Fund, a newly-released report has found. Analysis by Netscout, a network security and business analytics solutions firm, found that so-called distributed denial-of-service (Ddos) attacks against the international affairs sector [...]
Digital banking challenger N26 is expanding to Brazil February 27, 2019 German fintech challenger N26 is expanding to Brazil, making it the first of Europe's biggest retail digital banks to enter the South American market. Announcing the move on stage at Mobile World Congress in Barcelona, N26 said Eduardo Prota would head up the new region. Prota has previously worked for Santander and Cielo, as well as having [...]
Arm boss warns delays to 5G could hurt Europe’s economy February 27, 2019 The boss of British chipmaker Arm has warned that any delays to rolling out 5G across Europe could have a "detrimental" effect on the economy. Speaking at Mobile World Congress in Barcelona, Arm chief executive Simon Segars said that Europe falling behind the rest of the world in 5G development would be "detrimental to Europe’s GDP [...]
Airbus and Softbank-backed Oneweb to launch first satellites into space February 27, 2019 An Arianespace rocket carrying six satellites made by Airbus and Oneweb is scheduled for lift-off tonight, marking the joint venture's first launch since they teamed up last year. The launch is set to go ahead at 9:37pm GMT from the European Space Port in Kourou, French Guiana. It was initially scheduled for the same time last [...]
Technology continues to develop, but does the tech industry really understand the power of data? February 27, 2019 Big data has been cast as the latest pariah within tech, and considering that big players like Google and Facebook have built their ad businesses on audience and user data, albeit with the renewed interest among regulators and consumers on data privacy, no one wants to declare their use of big data anymore. The Cambridge [...]
London Stock Exchange Group leads $20m Nivaura funding round February 27, 2019 Fintech firm Nivaura has closed a $20m (£15m) seed capital round led by London Stock Exchange Group. The London-based company, which provides blockchain technology for digital investment banking platforms, will use the funding to rapidly expand its leadership, business development and technical teams. Read more: Revolut pushes ministers for fast-track tech visas The company also plans to [...]
Excessive spectrum costs could hurt consumer benefit from 5G, argue lobbyists February 26, 2019 The telecoms industry's main lobby group has said governments need to bring down high costs for 5G bids if Europe is to keep up with the global roll-out. The GSMA, which represents 300 operators worldwide, has been caught in the middle of a row between telecoms firms and governments as to who should shoulder the cost of [...]
Tech startups remain private for longer leading to high valuation IPO pipeline February 26, 2019 Technology startup companies are choosing to remain private for longer due to the availability of capital from private equity and venture capital investors, creating a pipeline of high-value listings expected this year. The median age of venture capital backed technology companies at the time of IPO has risen from 10.9 years in 2018 from 7.9 [...]
Venture capital fund run by former Facebook and Deliveroo employees raises $85m February 26, 2019 A venture capital fund run by former Facebook, Deliveroo and Klarna employees has raised $85m. (£64.5m) The Blossom Capital fund is the first launched by ex-Index Ventures and Localglobe investor Ophelia Brown, 32, and is the fastest ever first time fundraise from a female VC in Europe. Read more: Ex-Google CFO opens up a venture capital office [...]
Huawei chairman says the US has ‘no evidence, nothing’ of Chinese backdoors in 5G February 26, 2019 Huawei's chairman Guo Ping has said there is "no evidence, nothing" to support US claims of spying via its telecommunications equipment. "We don't do bad things," said Ping, speaking in a keynote address at Mobile World Congress in Barcelona. "Here, let me say this as clearly as possible: Huawei has not and will never plant backdoors. [...]
