Members of ransomware gang Lockbit arrested by law enforcement

International law enforcement, led by the UK’s National Crime Agency, disrupted ransomware gang Lockbit’s operation. The group behind notable hacks against aircraft manufacturer Boeing, chip giant Taiwan Semiconductor Manufacturing Company, sandwich chain Subway and thousands more had its site taken offline on Monday while authorities […]

Apple says the iPhone 15’s battery has double the promised lifespan

Apple has updated the iPhone 15’s battery lifespan. The company said on Tuesday its latest iPhones can retain 80 percent of their original charging capacity after 1,000 cycles — double the company’s previous estimate — without any new hardware or software updates. Not so coincidentally, the change […]

TechTaka raises $9.5M for its e-commerce fulfillment service

TechTaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding from a sole investor, Altos Ventures.  The outfit helps e-commerce sellers manage the supply chain, […]

Singapore-based fintech Xalts acquires digital trade platform Contour Network

In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Terms of the deal were undisclosed, but the acquisition price was in […]

US, UK authorities claim seizure of LockBit ransomware gang’s dark web leak site

A coalition of international law enforcement agencies, including the FBI and the U.K.’s National Crime Agency, have disrupted the operations of the prolific LockBit ransomware gang. LockBit’s dark-web leak site — where the group publicly lists its victims and threatens to leak their stolen data […]

PhonePe aims to be a top Google Play alternative in India — but it has a challenging road ahead

Walmart-backed PhonePe is set to launch its Android app store this week with zero commission for in-app purchases for developers. The app store is based on Indus OS’ tech, a company that PhonePe acquired in 2021. In this story, we are going to take a […]