Unit21 raises $13 million to turn AI into a fraud-fighting machine
  • Unit21, a startup providing a no-code service that monitors for fraudulent activity online, has raised $13 million in funding.
  • A. Capital Ventures and Gradient Ventures, Google’s AI venture fund, contributed to Unit21’s tranche with participation from Core VC, South Park Commons, and other private investors.
  • Unit21 aims to protect businesses against suspicious activity through APIs and dashboards for detecting fraud, money laundering, and other cross-industry risks. The platform offers over 100 out-of-the-box machine learning and threshold-based rules driven by a case management system, and it provides reporting and experimenting … Show more

Yesterday

EU investigates Instagram over handling of children's data
  • Instagram is being investigated by Ireland's Data Protection Commissioner (DPC) over its handling of children's personal data on the platform.
  • The social media app's owner Facebook could face a large fine if Instagram is found to have broken privacy laws.
  • It comes amid reports Instagram failed to protect data, including allowing email addresses and phone numbers of those under 18 to be made public.
  • The Irish regulator is investigating whether Facebook has a legal basis for processing children's personal data and if it employs adequate protections and restrictions on Instagram for children.

October 16th

Almost 2,000 Robinhood accounts infiltrated by hackers
  • Hackers infiltrated nearly 2,000 accounts of fintech startup Robinhood Markets Inc and siphoned off customer funds.
  • Robinhood was now considering whether to add a phone number along with other tools.
  • Last week, the Menlo Park, California-based company said some customers might have become a target of hackers because of their personal email accounts being compromised outside of its platform.
Twitter changes hacked material policy after backlash over blocking NYPost story about Biden's son
  • Twitter has changed its policy on hacked materials. It comes on the heels of it controversial decision to block links to a New York Post story about Joe Biden's son.
  • The unverified story alleged that Hunter Biden — the son of Joe Biden who was vice president at that time — attempted to introduce his father to a top executive at a Ukrainian company Hunter Biden worked for.
  • Twitter said the article was in violation of its hacked material policy. The company clarified that it was banning links to the article because it contained images of hacked material with personal and private information.
  • The decision drew backlash from conservati… Show more
Joe Sasson

Censorship is dangerous no matter what politics you believe in. Tech companies need to be held accountable by the people.