Friday, 31 July 2020
How to volunteer for a coronavirus vaccine trial - CNET
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How to play fantasy football during a pandemic - CNET
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Night sweats: Why they happen and how to stop sweating at night - CNET
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Are my passwords on the dark web? These tools monitor your info after a data breach - CNET
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How to combine PDFs into one document on Windows and Mac for free - CNET
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Phishing Email Uses Google Ad Redirect to Steal Microsoft Credentials
Security researchers came across a phishing email that used a Google Ad redirect as a part of its efforts to steal victims’ Microsoft credentials. Cofense found that the email originated from the legitimate email address “info@jtpsecurity[.]co[.]za.” The security firm reasoned that attackers had compromised that email account and abused their access to target employees in […]… Read More
The post Phishing Email Uses Google Ad Redirect to Steal Microsoft Credentials appeared first on The State of Security.
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Dark Sky for Android stops working tomorrow. Switch to these weather apps instead - CNET
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This Alexa trick lets you play music from any streaming service on your Amazon Echo - CNET
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6 essential kitchen tools you didn't know you needed - CNET
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Air purifier myths and facts: Can they protect against COVID-19, allergens or mold? - CNET
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iOS 14 gives your iPhone a cool mirror selfie trick. Here's how to try it - CNET
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Cybersecurity Baseline for IoT Device Manufacturers
The pervasive impact of Internet of Things (IoT) devices on our lives is greater than that of traditional IT devices. There are several unknowns in IoT security, and it raises concerns for customers who are looking to incorporate IoT devices in their existing infrastructure. Fortunately, security by design can resolve some of the major root […]… Read More
The post Cybersecurity Baseline for IoT Device Manufacturers appeared first on The State of Security.
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Time to report? Follow these steps to tell the IRS your stimulus payment is missing - CNET
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Can coronavirus live on your clothes and shoes? Here's what we know right now - CNET
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How to watch or stream Bill & Ted Face the Music online - CNET
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How to improve your privacy in Chrome, Firefox, Edge and Safari - CNET
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Thursday, 30 July 2020
Servers at risk from “BootHole” bug – what you need to know
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Citrix Workspace named part of 2020 Gartner ZTNA Market Guide
Citrix has been the leading provider of contextual and reliable delivery of Windows and Linux apps and desktops to both users in corporate offices and to users working from any remote location. More than two years ago, Citrix Workspace expanded …
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Major League Soccer is back: How to watch MLS tournament games today without cable - CNET
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How to upgrade your TV and home entertainment on a budget while stuck at home from coronavirus - CNET
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Citrix Virtual Apps and Desktops keyboard and IME group policies
In Citrix Virtual Apps and Desktops, users can leverage various keyboard and input method editors (IME) to customize their setup and use select keyboard and IME features to ensure their configuration meets their needs. But this configuration often requires …
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Flu vs. COVID-19: How can you tell which you have? - CNET
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How to exercise with a face mask -- and what not to do - CNET
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New Relic is changing its pricing model to encourage broader monitoring
In the monitoring world, typically when you spin up a new instance, you pay a fee to monitor it. If you are particularly active in any given month, that can result in a hefty bill at the end of the month. That leads to limiting what you choose to monitor to control costs. New Relic wants to change that, and today it announced that it’s moving to a model where customers pay by the user instead with a smaller less costly data component.
The company is also simplifying its product set with the goal of encouraging customers to instrument everything instead of deciding what to monitor and what to leave out to control cost. “What we’re announcing is a completely reimagined platform. We’re simplifying our products from 11 to three, and we eliminate those barriers to standardizing on a single source of truth,” New Relic founder and CEO Lew Cirne told TechCrunch.
The way the company can afford to make this switch is by exposing the underlying telemetry database that it created to run its own products. By taking advantage of this database to track all of your APM, tracing and metric data all in one place, Cirne says they can control costs much better and pass those savings onto customers, whose bills should be much smaller based on a this new pricing model, he said.
“Prior to this, there has not been any technology that’s good at gathering all of those data types into a single database, what we would call a telemetry database. And we actually created one ourselves and it’s the backbone of all of our products. [Up until now], we haven’t really exposed it to our customers, so that they can put all their data into it,” he said.
The company is distilling the product set into three main categories. The first is the Telemetry Data Platform, which offers a single way to gather any events, logs or traces, whether from their agents or someone else’s or even open source monitoring tools like Prometheus.
The second product is called Full-stack Observability. This includes all of their previous products, which were sold separately such as APM, mobility, infrastructure and logging. Finally they are offering an intelligence layer called New Relic AI.
Cirne says by simplifying the product set and changing the way they bill, it will save customers money through the efficiencies they have uncovered. In practice he says, pricing will consist of a combination of users and data, but he believes their approach will result in much lower bills and more cost certainty for customers.
“It’ll vary by customer so this is just a rough estimate but imagine that the typical New Relic bill under this model will be a 70% per user charge and 30% data charge, roughly, but so if that’s the case, and if you look at our competitors, 100% of the bill is data,” he said.
The new approach is available starting today. Companies can try it with 100 GB single user account.
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Introducing the new Citrix Web App and API Protection service
Citrix is excited to announce the introduction of Citrix® Web App and API Protection™ service. This new cloud service offers a simple way to provide holistic protection from cyber threats and enables a consistent security posture across multi-cloud.
Citrix …
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Why it's so difficult to lose weight: The hard truths - CNET
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How to watch the WGC-FedEx St. Jude Invitational live today without cable - CNET
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Buildots raises $16M to bring computer vision to construction management
Buildots, a Tel Aviv and London-based startup that is using computer vision to modernize the construction management industry, today announced that it has raised $16 million in total funding. This includes a $3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors include Innogy Ventures, Tidhar Construction Group, Ziv Aviram (co-founder of Mobileye & OrCam), Magma Ventures head Zvika Limon, serial entrepreneurs Benny Schnaider and Avigdor Willenz, as well as Tidhar chairman Gil Geva.
The idea behind Buildots is pretty straightforward. The team is using hardhat-mounted 360-degree cameras to allow project managers at construction sites to get an overview of the state of a project and whether it remains on schedule. The company’s software creates a digital twin of the construction site, using the architectural plans and schedule as its basis, and then uses computer vision to compare what the plans say to the reality that its tools are seeing. With this, Buildots can immediately detect when there’s a power outlet missing in a room or whether there’s a sink that still needs to be installed in a kitchen, for example.
“Buildots have been able to solve a challenge that for many seemed unconquerable, delivering huge potential for changing the way we complete our projects,” said Tidhar’s Geva in a statement. “The combination of an ambitious vision, great team and strong execution abilities quickly led us from being a customer to joining as an investor to take part in their journey.”
The company was co-founded in 2018 by Roy Danon, Aviv Leibovici and Yakir Sundry. Like so many Israeli startups, the founders met during their time in the Israeli Defense Forces, where they graduated from the Talpiot unit.
“At some point, like many of our friends, we had the urge to do something together — to build a company, to start something from scratch,” said Danon, the company’s CEO. “For us, we like getting our hands dirty. We saw most of our friends going into the most standard industries like cloud and cyber and storage and things that obviously people like us feel more comfortable in, but for some reason we had like a bug that said, ‘we want to do something that is a bit harder, that has a bigger impact on the world.’ ”
So the team started looking into how it could bring technology to traditional industries like agriculture, finance and medicine, but then settled upon construction thanks to a chance meeting with a construction company. For the first six months, the team mostly did research in both Israel and London to understand where it could provide value.
Danon argues that the construction industry is essentially a manufacturing industry, but with very outdated control and process management systems that still often relies on Excel to track progress.
Construction sites obviously pose their own problems. There’s often no Wi-Fi, for example, so contractors generally still have to upload their videos manually to Buildots’ servers. They are also three dimensional, so the team had to develop systems to understand on what floor a video was taken, for example, and for large indoor spaces, GPS won’t work either.
The teams tells me that before the COVID-19 lockdowns, it was mostly focused on Israel and the U.K., but the pandemic actually accelerated its push into other geographies. It just started work on a large project in Poland and is scheduled to work on another one in Japan next month.
Because the construction industry is very project-driven, sales often start with getting one project manager on board. That project manager also usually owns the budget for the project, so they can often also sign the check, Danon noted. And once that works out, then the general contractor often wants to talk to the company about a larger enterprise deal.
As for the funding, the company’s Series A round came together just before the lockdowns started. The company managed to bring together an interesting mix of investors from both the construction and technology industries.
Now, the plan is to scale the company, which currently has 35 employees, and figure out even more ways to use the data the service collects and make it useful for its users. “We have a long journey to turn all the data we have into supporting all the workflows on a construction site,” said Danon. “There are so many more things to do and so many more roles to support.”
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Stop being jealous of iMessage. How to use Google's fancy texting on Android phones - CNET
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FBI Releases Flash Alert on Netwalker Ransomware
The Federal Bureau of Investigations (FBI) released a flash alert in which it warned organizations about the dangers of Netwalker ransomware. On July 28, the FBI revealed in Flash Alert MI-000130-MW that it had received notifications of attacks involving Netwalker against U.S. and foreign government organizations along with entities operating in the healthcare and education […]… Read More
The post FBI Releases Flash Alert on Netwalker Ransomware appeared first on The State of Security.
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T-Mobile's Scam Shield app will cut down on those 'scam likely' calls. Here's how - CNET
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SSD RAID1 versus HDD RAID 10 for Many Website Hosting Clients
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Social Engineering: Hacking Brains…It’s Easier than Hacking Computers
The audience in the room is weirdly quiet. The contestant is in a small plexiglass booth with nothing but a phone, a laptop computer and some notes. On a set of speakers outside, the booth broadcasts the sounds of a dial tone as a woman on the stage begins to dial a number. It is […]… Read More
The post Social Engineering: Hacking Brains…It’s Easier than Hacking Computers appeared first on The State of Security.
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Effective Threat Intelligence Through Vulnerability Analysis
Vulnerabilities are weaknesses leveraged by adversaries to compromise the confidentiality, availability or integrity of a resource. The vulnerability ecosystem has matured considerably in the last few years. A significant amount of effort has been invested to capture, curate, taxonomize and communicate the vulnerabilities in terms of severity, impact and complexity of the associated exploit or attack. […]… Read More
The post Effective Threat Intelligence Through Vulnerability Analysis appeared first on The State of Security.
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Wednesday, 29 July 2020
The best dashcams that you can buy in 2020 - Roadshow
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The Growing Need to Consolidate Multi-Tenant Environments
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Magnesium: Why you need this mineral for better sleep, mood and more - CNET
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Hearsay, maker of compliant tools for financial services, deepens ties with Salesforce
Financial services companies like banks and insurance tend to be heavily regulated. As such they require a special level of security and auditability. Hearsay, which makes compliant communications tools for these types of companies, announced a new partnership with Salesforce today, enabling smooth integration with Salesforce CRM and marketing automation tools.
The company also announced that Salesforce would be taking a minority stake in Hearsay, although company co-founder and CEO Clara Shih, did not provide any details on that part of the announcement.
Shih says the company created the social selling category when it launched 10 years ago. Today, it provides a set of tools like email, messaging and websites along with a governance layer to help financial services companies interact with customers in a compliant way. Their customers are primarily in banking, insurance, wealth management and mortgages.
She said that they realized if they could find a way to share the data they were collecting with the Hearsay toolset with CRM and marketing automation software in an automated way, it would make greater use of this information than it could on its own. To that end, they have created a set of APIs to enable that with some built-in connectors. The first one will be to connect Hearsay to Salesforce with plans to add other vendors in the future.
“It’s about being able to connect [data from Hearsay] with the CRM system of record, and then analyzing it across thousands, if not tens of thousands of advisors or bankers in a single company, to uncover best practices. You could then use that information like GPS driving directions that help every advisor behave in the moment and reach out in the moment like the very best advisor would,” Shih explained.
In practice, this means sharing the information with the customer data platform (CDP), the CRM and marketing automation tooling to deliver more intelligent targeting based on a richer body of information. So the advisor can use information gleaned from everything he or she knows about the client across the set of tools to deliver more meaningful personal message instead of a targeted ad or an email blast. As Shih points out, the ad might even make sense, but could be tone deaf depending on the circumstances.
“What we focus on is this human-client experience, and that can only be delivered in the last mile because it’s only with the advisor that many clients will confide in these very important life events and life decisions, and then conversely, it’s only in the last mile that the trusted advisor can deliver relationship advice,” she said.
She says what they are trying to do by combining streams of data about the customer is build loyalty in a way that pure technology solutions just aren’t capable of doing. As she says, nobody says they are switching banks because it has the best chat bot.
Hearsay was founded in 2009 and has raised $51 million, as well as whatever other money Salesforce will be adding to the mix with today’s investment. Other investors include Sequoia and NEA Associates. Its last raise was way back in 2013, a $30 million Series C.
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10 activities that expose you to coronavirus, ranked from most to least risky - CNET
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7 hidden Android features that will blow your mind. Here's how to use them - CNET
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Dussman Group Subsidiary Struck by Ransomware that Leaked Its Data
A subsidiary of the Dussman Group suffered a ransomware infection in which malicious actors stole and publicly leaked its data. As reported by Bleeping Computer, the operators of Nefilim ransomware made good on a promise made back in March to begin publishing victims’ stolen information by updating their data leaks website with a post entitled […]… Read More
The post Dussman Group Subsidiary Struck by Ransomware that Leaked Its Data appeared first on The State of Security.
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How Cloud Mitigation Techniques Can Help Prevent Ransomware and Phishing Attacks
The COVID-19 pandemic revealed flaws in the American healthcare system that were always there. The only difference now is that those flaws have been brought to light. In the wake of the pandemic, a new host of cyberattacks occurred within the healthcare sector. Malicious hackers aimed to take advantage of the crisis with a combination […]… Read More
The post How Cloud Mitigation Techniques Can Help Prevent Ransomware and Phishing Attacks appeared first on The State of Security.
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Hevo draws in $8 million Series A for its no-code data pipeline service
According to data pipeline startup Hevo, many small- to medium-sized companies juggle more than 40 different applications to manage sales, marketing, finance, customer support and other operations. All of these applications are important sources of data that can be analyzed to improve a company’s performance. That data often remains separate, however, making it difficult for different teams to collaborate.
Hevo enables its clients’ employees to integrate data from more than 150 different sources, including enterprise software from Salesforce and Oracle, even if they don’t have any technical experience. The company announced today that it has raised an $8 million Series A round led by Singapore-based venture capital firm Qualgro and Lachy Groom, a former executive at payments company Stripe.
The round, which brings Hevo’s total raised so far to $12 million, also included participation from returning investors Chiratae Ventures and Sequoia Capital India’s early-stage startup program Surge. The company was first covered by TechCrunch when it raised seed funding in 2017.
Hevo’s Series A will be used to increase the number of integrations available on its platform, and hire sales and marketing teams in more countries, including the United States and Singapore. The company currently has clients in 16 markets, including the U.S., India, France, Australia and Hong Kong, and counts payments company Marqeta among its customers.
In a statement, Puneet Bysani, tech lead manager at Marqeta, said, “Hevo saved us many engineering hours, and our data teams could focus on creating meaningful KPIs that add value to Marqeta’s business. With Hevo’s pre-built connectors, we were able to get data from many sources into Redshift and Snowflake very quickly.”
Based in Bangalore and San Francisco, Hevo was founded in 2017 by chief executive officer Manish Jethani and chief technology officer Sourabh Agarwal. The two previously launched SpoonJoy, a food delivery startup that was acquired by Grofers, one of India’s largest online grocery delivery services, in 2015. Jethani and Agarwal spent a year working at Grofers before leaving to start Hevo.
Hevo originated in the challenges Jethani and Agarwal faced while developing tech for SpoonJoy’s order and delivery system.
“All of our team members would come to us and say, ‘hey, we want to look at these metrics,’ or we would ask our teams questions if something wasn’t working. Oftentimes, they would not have the data available to answer those questions,” Jethani told TechCrunch.
Then at Grofers, Jethani and Agarwal realized that even large companies face the same challenges. They decided to work on a solution to allow companies to quickly integrate data sources.
For example, a marketing team at a e-commerce company might have data about its advertising on social media platforms, and how much traffic campaigns bring to their website or app. But they might not have access to data about how many of those visitors actually make purchases, or if they become repeat customers. By building a data pipeline with Hevo, they can bring all that information together.
Hevo is designed to serve all sectors, including e-commerce, healthcare and finance. In order to use it, companies sign up for Hevo’s services on its website and employees enter their credentials for software supported by the platform. Then Hevo automatically extracts and organizes the data from those sources and prepares it for cloud-based data warehouses, such as Amazon Redshift and Snowflake. A user dashboard allows companies to customize integrations or hide sensitive data.
Hevo is among a roster of “no code, low code” startups that have recently raised venture capital funding for building tools that enable non-developers to add features to their existing software. The founders say its most direct competitor is Fivetran, an Oakland, California-based company that also builds pipelines to move data to warehouses and prepare it for analysis.
Jethani said Hevo differentiates by “optimizing our product for non-technical users.”
“The number of companies who need to use data is very high and there is not enough talent available in the market. Even if it is available, it is very competitive and expensive to hire that engineering talent because big companies like Google and Amazon are also competing for the same talent,” he added. “So we felt that there has to be some democratization of who can use this technology.”
Hevo also focuses on integrating data in real-time, which is especially important for companies that provide on-demand deliveries or services. During the COVID-19 pandemic, Jethani says e-commerce clients have used Hevo to manage an influx in orders as people under stay-at-home orders purchase more items online. Companies are also relying on Hevo to help organize and manage data as their employees continue to work remotely.
In a statement about the funding, Qualgro managing partner Heang Chhor said, “Hevo provides a truly innovative solution for extracting and transforming data across multiple data sources–in real time with full automation. This helps enterprises to fully capture the benefit of data flowing though the many databases and software they currently use. Hevo’s founders are the type of globally-minded entrepreneurs that we like to support.”
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Best face masks for exercising for 2020 - CNET
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Tuesday, 28 July 2020
Firefox 79 is out – it’s a double-update month so patch now!
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New Advanced editions of Citrix virtualization service offerings are here
It’s no secret that change has been the theme of 2020. How businesses are running, how remote workers are supported, and how IT departments handle tasks have all changed since the beginning of the year. We know that adapting to …
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Work from Home
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Is COM.BR domain free to register?
I see Cost to Me in my ResellerClub account for COM.BR registration, renewal and transfer is set to 0.00.
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YC alum Paragon snags $2.5M seed for low-code app integration platform
Low-code is a hot category these days. It helps companies build workflows or simple applications without coding skills, freeing up valuable engineering resources for more important projects. Paragon, a member of the Y Combinator Winter 2020 cohort, announced a $2.5 million seed round today for its low-code application integration platform.
Investors include Y Combinator, Village Global, Global Founders Capital, Soma Capital and FundersClub.
“Paragon makes it easier for non-technical people to be able to build out integrations using our visual workflow editor. We essentially provide building blocks for things like API requests, interactions with third party APIs and conditional logic. And so users can drag and drop these building blocks to create workflows that describe business logic in their application,” says company co-founder Brandon Foo.
Foo acknowledges there are a lot of low-code workflow tools out there, but many like UIPath, Blue Prism and Automation Anywhere concentrate on Robotic Process Automation (RPA) to automate certain tasks. He says he and co-founder Ishmael Samuel wanted to focus on developers.
“We’re really focused on how can we improve developer efficiency, and how can we bring the benefits of low code to product and engineering teams and make it easier to build products without writing manual code for every single integration, and really be able to streamline the product development process,” Foo told TechCrunch.
The way it works is you can drag and drop one of 1200 predefined connectors for tools like Stripe, Slack and Google Drive into a workflow template, and build connectors very quickly to trigger some sort of action. The company is built on AWS serverless architecture, so you define the trigger action and subsequent actions, and Paragon handles all of the back-end infrastructure requirements for you.
It’s early days for the company. After launching in private beta in January, the company has 80 customers. It currently has 6 employees including Foo, who previously co-founded Polymail and Samuel, who was previously lead engineer at Uber. They plan to hire 4 more employees this year.
With both founders people of color, they definitely are looking to build a diverse team around them. “I think it’s already sort of built into our DNA. As a diverse founding team we have perhaps a broader viewpoint and perspective in terms of hiring the kind of people that we seek to work with. Of course, I think there’s always room for improvements, and so we’re always looking for new ways that we can be more inclusive in our hiring recruiting process [as we grow],” he said.
As far as raising during a pandemic, he says it’s been a crazy time, but he believes they are solving a real problem and that they can succeed in spite of the macro economic conditions of the moment.
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How to prevent acne from face masks - CNET
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Explorium reels in $31M Series B as data discovery platform grows
In a world with growing amounts of data, finding the right set for a particular machine learning model can be a challenge. Explorium has created a platform to make that an easier task, and today the startup announced a $31 million Series B.
The round was led by Zeev Venture with help from Dynamic Loop, Emerge and F2 capital. Today’s investment brings the total raised to $50 million, according to the company.
CEO and co-founder, Maor Shlomo says the company’s platform is designed to help people find the right data for their model. “The next frontier in analytics will not be about how you fine tune or improve a certain algorithm, it will be how do you find the right data to fit into those algorithms to make them as useful and impactful as possible,” he said.
He says that companies need this more than ever during the pandemic because this can help customers find more relevant data at a time when their historical data might not be useful to help build predictive models. For instance, if you’re a retailer, your historical shopping data won’t be relevant if you are in an area where you can no longer open your store, he says.
“There are so many environmental factors that are now influencing every business problem that organizations are trying to solve that Explorium is becoming this […] layer where you search for data to solve your business problems to fuel your predictive models,” he said.
When the pandemic hit in March, he worried about how it would affect his company, and he put a hold on hiring, but as he saw business increasing in April and May, he decided to accelerate again. The company currently has 87 employees between offices in Israel and the United States and he plans to be at 100 in the next couple of months.
When it comes to hiring, he says he doesn’t try to have hard and fast hiring rules like you have a certain degree or have gone to a certain school. “The only thing that’s important is getting good people hungry to succeed. The more diverse the culture is, the more diverse the group is, we find the more fun it is for people to discover each other and to discover different cultures,” Shlomo explained.
In terms of fundraising, the while the company needs money to fuel its growth, at the same time it still had plenty of money in the bank from last year’s round. “We got into the pandemic and we didn’t know how long it’s going to last, and [early on] we didn’t yet know how it would impact the business. Existing investors were always bullish about the company. We decided to just go with that,” he said.
The company was founded in 2017 and previously raised a $19.1 million Series A round last year.
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CSP Content Collaboration Workspace integration on Citrix Tech Zone
The Citrix Service Provider (CSP) Reference Architecture helps partners get up and running with Citrix technologies and leverage multi-tenancy capabilities to provide services to their customers with tenant isolation, built-in security helping partners achieve economy of scale. If you have …
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Home-schooling during coronavirus: How to get started - CNET
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Help yourself recover missing documents after a disaster - CNET
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Phishers Using Fake Sharepoint Messages to Target Office 365 Details
Phishers leveraged fake automated messages from collaborative platform Sharepoint as a means to target users’ Office 365 credentials. Abnormal Security found that the phishing campaign began with an attack email that appeared to be an automated message from Sharepoint. To add legitimacy to this ruse, the attackers used spoofing techniques to disguise the sender as […]… Read More
The post Phishers Using Fake Sharepoint Messages to Target Office 365 Details appeared first on The State of Security.
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ComplyAdvantage nabs $50M for an AI platform and database to detect and stop financial crime
The growth of digital banking has opened up a wealth of opportunities for making the world of finance more accessible and transparent to a greater number of people. But the darker underbelly is that it has also created more avenues for illicit activity to flourish, with some $2 trillion laundered annually but only 1-3% of that sum “caught”.
To help combat that, a London-based startup called ComplyAdvantage, which has built an AI platform and wider database of some 10 million entities to help identify and track those involved in financial crime, is today announcing a growth round of funding of $50 million expand its reach and operations.
Specifically, the plan will be to use the funding for hiring, to invest in the tools it uses to detect entities and map the relationships between them, and to bring on more clients.
“We’ve been focused on more granular analysis and being able to scale to hundreds of millions of searches across our database,” said Charles Delingpole, founder and CEO, said in an interview. “The next phase is more around the network of contacts and more enhanced diligence.” The company today has some 250 staff, mainly in the UK and Romania.
The Series C is being led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), a huge pension plan out of Canada (US $155 billion) that is known as a prolific growth-stage tech investor. Previous backers Balderton and Index are also in the round. The company has raised $88 million to date, and while it’s not disclosing its valuation, for some context, it was last valued at around $141 million its last round a year ago, per PitchBook data.
Today, ComplyAdvantage has over 500 customers, primarily financial institutions using it to meet regulatory compliance requirements as well as to reduce their own exposure and risk, providing some automated services to complement (and potentially replace) some of the manual checks that they make to prove you are who you say you are.
It also has a growing business with other groups that are tracking fraud for their own ends, such as insurance companies trying to stem fraudulent claims and government entities. It also has a number of partners that access its database and use that as part of their own solutions (Quantexa, which announced a big funding round of its own last week, is one of those licensing partners).
“A lot of companies in the wider identity space are powered by our data, even if they don’t disclose it,” Delingpole said.
The company had its start originally focusing on the process of helping banks meet regulatory compliance around fraud detection by ingesting and analysing documents provided by customers ahead of opening accounts, initiating larger transactions with new entities and so on. That has taken on a more targeted purpose in recent years as ComplyAdvantage’s database has grown deeper.
Today the core of the business is based around a central database of known money launderers, human traffickers, terrorists, drug lords, and others who exploit financial rails to run illegal operations and make a profit from them.
It’s formed, Delingpole said, by way of “automatically ingesting tens of thousands of datapoints, from websites, national warning lists, linked real-time databases of companies, and various other applications on top of that.” That central database is still growing and Delingpole believes that it’s not unrealistic for it to run to a much higher number in order to get the most accurate picture possible.
“Although we have 10 million today, we want to cover every company and person one day. We think the right number is 8 billion” — that is, the world’s population. “With that larger database we can solve other kinds of crimes too.”
The startup already has a straight channel through to government agencies, reporting connections and discoveries on behalf of their clients directly to them. And to be clear, although there are now strong data protection measures in place in Europe, when people are linked to illegal activity, that puts them on a list that supersedes that. When someone is suspected and is tipped to authorities, that information is kept private.
While all institutions will continue to have teams of people dedicated to risk analysis and investigations into activity, the idea here is to supercharge that work with more data that helps those investigators tackle the greater scale of data in the world today.
“Detecting financial crime in billions of transactions that take place around the globe has become nearly impossible without the application of data science and machine learning. It is this approach that has made ComplyAdvantage into a leader in the category, and the go-to partner for organizations who seek to automate what are still very often manual or inadequate processes,” said Jan Hammer, a partner at Index Ventures, in a statement.
The longer-term opportunity is to build out ComplyAdvantage’s customer base by leveraging information that the company is already surfacing that might be relevant to other verticals.
Insurance is a key example, Delingpole said. “We already see a mention of a person having defaulted on a loan then making an insurance claim,” he said. “We see credit, fraud and ownership data together.”
This, of course, puts the company into close competition not just with others building credit databases but those building strong AI platforms to leverage data to gain deeper insights into seemingly disparate digital actions and to build better pictures of activity on behalf of their clients. That includes not just partners like Quantexa but others like Palantir.
The strength here, said Delingpole, is the sheer size of ComplyAdvantage’s database and its very specific focus on financial crime and how that sits for companies that need to police that, both for their own business health and for regulatory reasons. It’s that focus that has attracted investment.
“ComplyAdvantage offers mission-critical technology solutions for combating financial crime and keeping pace with an ever-evolving regulatory landscape,” said Olivia Steedman, Senior Managing Director, TIP, at Ontario Teachers’. “The company is well positioned to continue its rapid growth as its powerful technology platform transforms the compliance and risk management process for its clients.”
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Verizon vs. AT&T vs. T-Mobile compared: How to pick the best 5G carrier for you - CNET
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Some people will get two checks from the IRS in 2020. Find out if you're one of them - CNET
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Which Colleges Will Survive the Coronavirus
Scott Galloway is a professor at NYU, tech entrepreneur, author, and popular podcaster. His article This Chart Predicts Which Colleges Will Survive the Coronavirus has caused quite a stir in colleges and universities across the country.
The reason for the stir is the chart suggests a large number of colleges will fail and even more will struggle going forward. His chart (click to enlarge) is below.
Upsetting colleges, even more, is he names names. And being listed as college likely to "perish" is not good PR.
Galloway backs up his chart with a detailed analysis of the 438 US universities and colleges ranked by US News & World Report's top National University and National College rankings.
The analysis results in an index score for colleges that lumps the 438 colleges into 4 buckets - Thrive, Survive, Struggle and Perish.
Like all index-based ranking systems, there's plenty to quibble with if you don't like the scores. But while we aren't all that knowledgeable about colleges, we have built multiple index ranking systems and this one looks pretty good to us.
You may ask why are we covering this in a blog focused on the future of work, small business and the gig economy?
The answer is colleges are facing the same set trends, shifts and dislocations as businesses and workers are. So it's interesting to see how they're reacting.
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