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Hackers say ‘jackpotting’ flaws tricked popular ATMs into spitting out cash

In 2010, the late Barnaby Jack, a world-renowned security researcher, hacked an ATM live onstage at the Black Hat conference by tricking the cash dispenser into spitting out a stream of dollar bills. The technique was appropriately named “jackpotting.” A decade on from Jack’s blockbuster demo, security researchers are presenting […]

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Tandem snags $5.7M for its language buddy app amid COVID-19’s e-learning boom

The Berlin-based startup behind Tandem, an app for practicing a second language, has closed a £4.5 million (~$5.7 million) Series A round of financing to capitalize on growth opportunities it’s seeing as the coronavirus crisis continues to accelerate the switch to digital and online learning. With many higher education institutions […]

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No grace period after Schrems II Privacy Shield ruling, warn EU data watchdogs

European data watchdogs have issued updated guidance in the wake of last week’s landmark ruling striking down a flagship transatlantic data transfer mechanism called Privacy Shield. In an FAQ on the Schrems II judgement, the European Data Protection Board (EDPB) warns there will be no regulatory grace period. The EU-US […]

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Revolut extends Series D round to $580 million with $80 million in new funding

Fintech startup Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. The new influx of funding comes from TSG Consumer Partners. In February, Revolut raised a $500 million led by TCV at a $5.5 billion valuation. Today’s new […]

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Former Spotify marketing exec-turned-VC Sophia Bendz on her love of early-stage investing

Earlier this month, venture capitalist and former Spotify global director of marketing Sophia Bendz announced that she was leaving London-based Atomico to join Berlin’s Cherry Ventures. Her stated reason for leaving the London VC firm — which mainly does Series A and Series B rounds — is that, having made […]

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Legal clouds gather over US cloud services, after CJEU ruling

In the wake of yesterday’s landmark ruling by Europe’s top court — striking down a flagship transatlantic data transfer framework called Privacy Shield, and cranking up the legal uncertainty around processing EU citizens’ data in the U.S. in the process — Europe’s lead data protection regulator has fired its own […]

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Startup launches innovative new product that pays Amazon marketplace sellers daily

Third-party sellers are the dominant driver of sales on Amazon’s marketplace, accounting for 58% of its total and growing. We know that the pandemic, ironically, has been good for Amazon, which has reported net sales in Q1, up by 26% year-over-year, given that much of the world has reverted to […]

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EU antitrust lawmakers kick off IoT deep dive to follow the data flows

The potential for the Internet of Things to lead to distortion in market competition is troubling European Union lawmakers who have today kicked off a sectoral inquiry. They’re aiming to gather data from hundreds of companies operating in the smart home and connected device space — via some 400 questionnaires, […]

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Founding partner Hjalmar Winbladh is leaving EQT Ventures

EQT Ventures, the Stockholm-headquartered venture capital firm that invests in Europe and the U.S., is losing founding partner Hjalmar Winbladh, TechCrunch has learned. Rumours that he was leaving the “multistage, sector-agnostic” VC fund that he helped launch in 2016, begun circulating within the European startup ecosystem last week, with multiple […]