Ripple acquires GTreasury, a platform used by Fortune 500 companies for managing cash, foreign exchange, and risk, for $1B, set to close in the coming months
The deal, pending regulatory approvals, would give Ripple access to large enterprise clients as it is building out financial services around its digital asset business.
Analysis: the vast majority of damages from July's CrowdStrike global IT outage will go uninsured; CrowdStrike reported nearly 24K enterprise customers in Q1
- Insured losses estimated between $300 million and $1.5 billion — The days-long outage took a $5.4 billion toll on Fortune 500
X accelerates its plan to attract ad spending by SMBs, including outsourcing some ad sales to third parties, such as US-based marketing startup JumpCrew
this one will sting Will Shanklin / Engadget : Walmart says it's no longer advertising on X Aisha Counts / Bloomberg : Why Elon Musk Is Accused of Antisemitism and What It Means for X Edward Helmore /...
OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as chair, alongside Larry Summers and Adam D'Angelo
4 key takeaways Jason Dorrier / Singularity Hub : OpenAI Mayhem: What We Know Now, Don't Know Yet, and What Could Be Next New York Times : Explaining OpenAI's Board Shake-Up CNBC : Sam Altman's back. ...
Research: 14% of new Fortune 500 board members in 2022 had cybersecurity experience, down from 17% in 2021; the SEC is finalizing new cyber risk reporting rules
Derek B. Johnson / SC Media :
Companies are seeking to hire former Twitter misinformation experts, who were laid off or have quit, seeking to avoid liability for false and toxic information
@lisackaplan https://www.nytimes.com/... @graphika_nyc : John Kelly (@apidictionist), Graphika CEO shared his insights for the @nytimes about the growth of disinformation out of the political arena an...
Sources: Coinbase facilitated Tesla's $1.5B bitcoin purchase during the first week of Feb.; source says Coinbase has over five Fortune 500 companies as clients
The Block :
TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head
clock is ticking on Microsoft's TikTok buy Newb / New.blicio.us : TikTok CEO Kevin Mayer Quits Anthony Ha / TechCrunch : Daily Crunch: TikTok's CEO resigns Tom McKay / Gizmodo : Walmart Wants to Get I...
Report: 21M stolen credentials from global Fortune 500 organizations were found for sale on the dark web, 16M of which were compromised in the last 12 months
Kevin Townsend / SecurityWeek :
Report: 21M stolen credentials from global Fortune 500 organizations were found for sale on the dark web, 16M of which were compromised in the last 12 months
There have been many studies and investigations into the number of stolen credentials available on the dark web.