Internet Security

Detectify raises additional €21M for its ethical hacker network

Detectify, the Sweden-born cybersecurity startup that offers a website vulnerability scanner powered by the crowd, has raised €21 million in further funding. Leading the round is London-based VC firm Balderton Capital, with participation from existing investors Paua Ventures, Inventure and Insight Partners. Detectify says the new funding will be used to continue to hire “world-class”…

Detectify, the Sweden-born cybersecurity startup that offers a website vulnerability scanner powered by the crowd, has raised €21 million in further funding.

Leading the round is London-based VC firm Balderton Capital, with participation from existing investors Paua Ventures, Inventure and Insight Partners.

Detectify says the new funding will be used to continue to hire “world-class” talent to further accelerate the company’s growth and deliver on its mission to reduce internet security vulnerabilities.

Founded in late 2013 by a self-described group of “elite hackers” from Sweden, the company offers a website security tool that uses automation to scan websites for vulnerabilities to help cu

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Internet Security

Chinese Internet Security Firm Qihoo 360 to Spend $451 Million for 16.6% Equity of Hozon Auto

Chinese internet security firm Qihoo 360 Technology announced on Monday that the company plans to invest 2.9 billion yuan ($451 million) in Hozon Auto, which also operates a car brand called NETA Auto. Read: Chinese Internet Security Firm Qihoo 360 to Spend $451 Million for 16.6% Equity of Hozon Auto on Pandaily…

Chinese internet security firm Qihoo 360 Technology announced on Monday that the company plans to invest 2.9 billion yuan ($451 million) in Hozon Auto, which also operates a car brand called NETA Auto.
Read: Chinese Internet Security Firm Qihoo 360 to Spend $451 Million for 16.6% Equity of Hozon Auto on Pandaily…
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Internet Security

New video seems to challenge singer’s claim of antisemitism at German hotel

New footage published by the German newspaper Bild raised questions Sunday about an Israeli-German musician’s claim that he was refused service at a hotel for wearing a Star of David necklace. In security footage from the hotel in Leipzig, the necklace does not appear to be visible around Gil Ofarim’s neck. Ofarim posted a video…

New footage published by the German newspaper Bild raised questions Sunday about an Israeli-German musician’s claim that he was refused service at a hotel for wearing a Star of David necklace.

In security footage from the hotel in Leipzig, the necklace does not appear to be visible around Gil Ofarim’s neck.

Ofarim posted a video to social media earlier this month, in which he accused the Westin Leipzig hotel of denying him service because he was wearing a Star of David necklace. The video, which he titled “Antisemitism in Germany 2021” in all capital letters, went viral, with antisemitism watchdogs and others sharing it widely.

“I am speechless,” Ofarim said in the video, in which he can be seen clearly wearing the Star of David pendant.

German media outlets, however, reported Sunday that police have “serious doubts” about Ofarim’s account and that surveillance footage from the hotel appears to shows he did not have a Star of David around his neck when he tried to check into the hotel.

Additionally, the Bild newspaper reported that while giving a statement to police, Ofarim stated that he did not remember whether he was wearing the Star of David chain at the time, even though in his Instagram video he claimed he was.

After waiting in line to check in, Ofarim said he asked why others who arrived after he had were admitted before he was. According to Ofarim, another customer replied telling him to “take off the star.” At least one employee then told Ofarim that he needed to remove the pendant to get service, the singer said.

The employee, described by Ofarim as the “manager at the check-in counter,” and whom he identified only as “Mr. W.,” said to him: “Put away your star [of David.]”

Ofarim, who appeared visibly distraught, said he has been wearing the star his “whole life.”

At least 600 people, some of them carrying signs with a Star of David and the Muslim crescent, showed up at the hotel that night, Leipziger Zeitung reported. The protesters accused the hotel staff of antisemitism.

A spokesperson for Westin Leipzig, which is of the Marriott multinational company, at the time told DPA, a German publication, that the hotel was “deeply concer

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Internet Security

Whistleblower accusing Facebook of aiding Jan. 6 US Capitol riot

AP — Facebook prematurely turned off safeguards designed to thwart misinformation and rabble-rousing after Joe Biden defeated Donald Trump in last year’s US elections in a moneymaking move that a company whistleblower alleges contributed to the deadly Jan. 6 invasion of the US Capitol. The whistleblower, former Facebook product manager Frances Haugen, also asserted during…

AP — Facebook prematurely turned off safeguards designed to thwart misinformation and rabble-rousing after Joe Biden defeated Donald Trump in last year’s US elections in a moneymaking move that a company whistleblower alleges contributed to the deadly Jan. 6 invasion of the US Capitol.

The whistleblower, former Facebook product manager Frances Haugen, also asserted during an exclusive interview that aired Sunday on CBS’ “60 Minutes” that a 2018 change to the content flow in Facebook’s news feeds contributed to more divisiveness and ill will in a network ostensibly created to bring people closer together.

Despite the enmity that the new algorithms were feeding, Facebook found that they helped keep people coming back — a pattern that helped the Menlo Park, California, company sell more of the digital ads that generate most of its advertising.

“The thing I saw at Facebook over and over again was there were conflicts of interest between what was good for the public and what was good for Facebook,” said Haugen, who joined Facebook in 2019 after working at other Silicon Valley companies such as Google and Pinterest. “And Facebook, over and over again, chose to optimize for its own interests, like making more money.”

Facebook’s annual revenue has more than doubled from $56 billion in 2018 to a projected $119 billion this year, based on the estimates of analysts surveyed by FactSet. Meanwhile, the company’s market value has soared from $375 billion at the end of 2018 to nearly $1 trillion now.

Even before the full interview came out, a top Facebook executive was deriding the whistleblower’s allegations as “misleading.”

This file photo shows a Facebook App logo displayed on a smartphone in Los Angeles, March 1, 2021. (Chris Delmas/AFP)

“Social media has had a big impact on society in recent years, and Facebook is often a place where much of this debate plays out,” Nick Clegg, the company’s vice president of policy and public affairs wrote to Facebook employees in a memo sent Friday. “But what evidence there is simply does not support the idea that Facebook, or social media more generally, is the primary cause of polarization.”

The “60 Minutes” interview intensifies the spotlight already glaring on Facebook as lawmakers and regulators around the world scrutinize the social networking’s immense power to shape opinions and its polarizing effects on society.

The backlash has been intensifying since The Wall Street Journal’s mid-September publication of an expose that revealed Facebook’s own internal research had concluded the social network’s attention-seeking algorithms had helped foster political dissent and contributed to mental health and em

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Internet Security

White House to convene 30-country cybersecurity meeting

The topics of the meeting, Biden said, will include combating cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, building trusted 5G technology and better securing supply chains…

The topics of the meeting, Biden said, will include combating cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, building trusted 5G technology and better securing supply chains…
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