Posted inSpotlight, Tech News

Hackers exploit Spring4Shell vulnerability to spread Mirai malware

The Spring4Shell vulnerability was discovered in the Spring Framework, which is used for developing enterprise-level applications in Java. A few days since then, experts have found evidence that the vulnerability is being actively abused by hackers to spread Mirai, a malware that mainly targets Internet of things (IoT) devices. As observed by Trend Micro researchers, […]

Posted inSpotlight, Tech News

Google is tightening lending apps approval process in the Philippines

The Philippines’ Securities and Exchange Commission (SEC) said that to fight the illegal and abusive lending practices in the Philippines, Alphabet Inc.’s Google promises to provide stricter approval and review process for lending apps in the Play Store. Google may require developers additional proof and documents to prove their license to operate as an online […]

Posted inBusiness, Tech News

Voyager Innovations raises $210M for PayMaya service expansion

Voyager Innovations, a digital unit of PLDT, has raised $210 million (approx. ₱10.9 billion) to expand the services of its online payment platform PayMaya. With the newly raised funding from SIG Venture Capital, EDBI, First Pacific Company, and other investment firms, Voyager has boosted its valuation to $1.4 billion (~₱72.8 billion). Existing shareholders such as […]

Posted inBusiness, Tech News

Coins.ph officially bought by Joffre Capital, Wei Zhou named as CEO

Coins.ph is now under new management, as tech buyout firm Joffre Capital has finalized its acquisition of the cryptocurrency exchange platform and obtained the needed regulatory approvals. Rumors of the acquisition surfaced earlier this month with then-owner Indonesian multi-service platform GoJek reported to have sold its stake of Coins.ph for $200 million (~Php10 billion). Now […]