Facebook to hire banking expert to run ‘Libra’

IANS-   Facebook is looking to hire a seasoned executive to run its digital coin ‘Libra’ project who has the know-how of the complex government and central banking system. According to David Marcus, Facebook’s vice president of messaging products and a key figure behind ‘Libra’ digital currency project, someone with experience in government and central […]

US city hit by ransomware attack, Internet shut

IANS- A ransomware attack has crippled the US city of Baltimore that has brought all of its email and online payment gateways to a standstill. The hackers are demanding $76,280 in exchange for freeing all the city’s systems. The tool that has paralyzed the city is a National Security Agency creation called “EternalBlue”, which has […]

Facebook pulls down over 3 billion fake accounts

IANS- Facebook has removed more than three billion fake accounts in the October 2018-March 2019 period, saying that about 5 percent of its monthly active users were fake. Facebook disabled 1.2 billion accounts in Q4 2018 and 2.19 billion in Q1 2019. “For fake accounts, the number of accounts we took action on increased due […]

PayU acquires US-based Wibmo for $70 mn

IANS- Online payment service provider PayU on Friday announced the acquisition of US-based financial technology firm Wibmo for $70 million (around Rs 484 crore). Given different capabilities and positioning in the value chain, Wibmo and PayU businesses will continue to run separately, PayU said in a statement. Wibmo partners and deeply integrates with banks in […]