Scandit raises $80M as COVID-19 drives demand for contactless deliveries

Enterprise barcode scanner company Scandit has closed an $80 million Series C round, led by Silicon Valley VC firm G2VP. Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures also participated in the round — which brings its total raised to date to $123M. The Zurich-based firm offers a platform that combines computer vision […] Continue reading Scandit raises $80M as COVID-19 drives demand for contactless deliveries

Drinkman and Smilianets Sentenced: The End to Our Longest Databreach Saga?

On Thursday, February 15, 2018, we may have finally reached the end of the Albert Gonzalez Databreach Saga.  Vladimir Drinkman, age 37, was sentenced to 144 months in prison, after pleading guilty before U.S. District Judge Jerome Simandle in New… Continue reading Drinkman and Smilianets Sentenced: The End to Our Longest Databreach Saga?

Two Russians sentenced to prison for role in hacks against U.S. companies

Two Russian men were sentenced to prison in the United States on Wednesday after they pleaded guilty to their roles in one of the largest hacking schemes to ever hit the U.S. Vladimir Drinkman, 37, was sentenced Wednesday to 12 years in prison and Dmitriy Smilianets, 34, to 51 months and 21 days in prison. The pair were arrested in the Netherlands in 2012 and pleaded guilty in 2015. Prosecutors said there were 17 corporate victims, and three of them alone lost more than $300 million combined. As friends in Moscow, Drinkman and Smilianets “targeted major corporate networks, compromised 160 million credit card numbers and resulted in hundreds of millions of dollars in losses,” according to the Justice Department. “Drinkman and Smilianets not only stole over 160 million credit card numbers from credit card processors, banks, retailers, and other corporate victims, they also used their bounty to fuel a robust underground market for hacked […]

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A Dramatic Rise in ATM Skimming Attacks

Skimming attacks on ATMs increased at an alarming rate last year for both American and European banks and their customers, according to recent stats collected by fraud trackers. The trend appears to be continuing into 2016, with outbreaks of skimming activity visiting a much broader swath of the United States than in years past. Continue reading A Dramatic Rise in ATM Skimming Attacks