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Fabricio Bloisi’s Movile is leading tech’s charge in Brazil and beyond and he’s coming to Startup Battlefield Latin America

In the 20 years since Movile launched its first technology services in 1998, the technology industry in Latin America has exploded . Movile chief executive Fabricio Bloisi Technology startups have gone from being an afterthought to being at the forefront of the economic changes sweeping through the region. And Movile’s digital marketplaces, delivery services and investment capital (powered by Naspers) have, in many ways, led the charge. At our Latin America Startup Battlefield event, Movile chief executive officer Fabricio Bloisi will walk us through two decades of digital transformation and technology development in the region. Earlier this year, Bloisi’s company landed a $124 million commitment led by Naspers to continue its efforts to build a pan-Latin American juggernaut providing a range of mobile marketplace services. A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech As we wrote earlier,  Naspers’  investments in  Movile  (supplemented by co-investors like Innova, which participated in the most recent round) have been one of the driving forces sustaining the Brazilian startup community. In all, the South African technology media and investment conglomerate and its co-investors have invested $375 million into Movile over the course of several rounds that likely value the company at close to $1 billion. Since Movile’s rise, players like Rappi, in delivery, Nubank, a Brazilian financial services startup, and 99 Taxi have become billion-dollar companies in their own right, but in many ways, Movile set the stage. As more capital floods into the region ( Yellow, the new venture from 99 Taxi’s co-founders, just raised $63 million ), the future for Latin American startups looks bright. The tech investment wave has reached Latin America It’s against this backdrop that Bloisi will walk attendees at our inaugural Startup Battlefield Latin America event through the perils and promise of starting up a tech business in the region. We’ll look forward to seeing you there . Pick up your free tickets here .

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Fabricio Bloisi’s Movile is leading tech’s charge in Brazil and beyond and he’s coming to Startup Battlefield Latin America

In the 20 years since Movile launched its first technology services in 1998, the technology industry in Latin America has exploded . Movile chief executive Fabricio Bloisi Technology startups have gone from being an afterthought to being at the forefront of the economic changes sweeping through the region. And Movile’s digital marketplaces, delivery services and investment capital (powered by Naspers) have, in many ways, led the charge. At our Latin America Startup Battlefield event, Movile chief executive officer Fabricio Bloisi will walk us through two decades of digital transformation and technology development in the region. Earlier this year, Bloisi’s company landed a $124 million commitment led by Naspers to continue its efforts to build a pan-Latin American juggernaut providing a range of mobile marketplace services. A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech As we wrote earlier,  Naspers’  investments in  Movile  (supplemented by co-investors like Innova, which participated in the most recent round) have been one of the driving forces sustaining the Brazilian startup community. In all, the South African technology media and investment conglomerate and its co-investors have invested $375 million into Movile over the course of several rounds that likely value the company at close to $1 billion. Since Movile’s rise, players like Rappi, in delivery, Nubank, a Brazilian financial services startup, and 99 Taxi have become billion-dollar companies in their own right, but in many ways, Movile set the stage. As more capital floods into the region ( Yellow, the new venture from 99 Taxi’s co-founders, just raised $63 million ), the future for Latin American startups looks bright. The tech investment wave has reached Latin America It’s against this backdrop that Bloisi will walk attendees at our inaugural Startup Battlefield Latin America event through the perils and promise of starting up a tech business in the region. We’ll look forward to seeing you there . Pick up your free tickets here .

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NewEgg cracked in breach, hosted card-stealing code within its own checkout

Enlarge / Splat. (credit: John Liu ) The popular computer and electronics Web retailer NewEgg has apparently been hit by the same payment-data-stealing attackers who targeted TicketMaster UK and British Airways . The attackers, referred to by researchers as Magecart, managed to inject 15 lines of JavaScript into NewEgg's webstore checkout that forwarded credit card and other data to a server with a domain name that made it look like part of NewEgg's Web infrastructure. It appears that all Web transactions over the past month were affected by the breach. Details of the breach were reported by the security research firms RiskIQ  (which exposed the code behind the British Airways attack) and Volexity Threat Research today. The attack was shut down by NewEgg on September 18, but it appears to have been actively siphoning off payment data since August 16, according to reports from the security researchers. Yonathan Klijnsma, head researcher at RiskIQ, said that the methods and code used are virtually identical to the attack on British Airways—while the Ticketmaster breach was caused by code injected from a third-party service provider, both the BA breach and the NewEgg attack were the result of a compromise of JavaScript libraries hosted by the companies themselves. The domain used by the attack, neweggstats.com, was hosted on a server at the Dutch hosting provider WorldStream and had a certificate. The domain was registered through Namecheap on August 13, using a registration privacy protection company in Panama. The domain's TLS certificate was purchased through Comodo on the same day. The Comodo certificate was likely the most expensive part of the attackers' infrastructure.

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IBM announces cloud service to help businesses detect and mitigate AI bias and launches an open source bias-mitigating toolkit called AI Fairness 360…

Kyle Wiggers / VentureBeat : IBM announces cloud service to help businesses detect and mitigate AI bias and launches an open source bias-mitigating toolkit called AI Fairness 360   —  Bias is a serious problem in artificial intelligence (AI).  Research shows that popular smart speakers are 30 percent less likely …

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Password bypass flaw in Western Digital My Cloud drives puts data at risk

A security researcher has published details of a vulnerability in a popular cloud storage drive after the company failed to issue security patches for over a year. Remco Vermeulen found a privilege escalation bug in Western Digital’s My Cloud devices, which he said allows an attacker to bypass the admin password on the drive, gaining “complete control” over the user’s data. The exploit works because drive’s web-based dashboard doesn’t properly check a user’s credentials before giving a possible attacker access to tools that should require higher levels of access. The bug was “easy” to exploit, Vermeulen told TechCrunch in an email, and that it was remotely exploitable if a My Cloud device allows remote access over the internet — which thousands of devices are . He posted a proof-of-concept video on Twitter. Details of the bug were also independently found by another security team , which released its own exploit code . Vermeulen reported the bug over a year ago in April 2017, but said the company stopped responding. Normally, security researchers give 90 days for a company to respond, in line with industry-accepted responsible disclosure guidelines. After he found that WD updated the My Cloud firmware in the meanwhile without fixing the vulnerability he found, he decided to post his findings. A year later, WD still hasn’t release a patch. The company confirmed that it knows of the vulnerability but did not say why it took more than a year to issue a fix. “We are in the process of finalizing a scheduled firmware update that will resolve the reported issue,” a spokesperson said, which will arrive “within a few weeks.” WD said that several of its My Cloud products are vulnerable — including the EX2, EX4, and Mirror, but not My Cloud Home.

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