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By Kyle Wiggers

Monday, December 18, 2023

Hackers don’t take holiday vacations. In today’s top story, Zack writes about how criminals stole the sensitive personal information of over 14.6 million customers of Mr. Cooper, the mortgage and loan giant. In a filing with Maine’s attorney general’s office, Mr. Cooper said the hackers stole customer names, addresses, dates of birth and phone numbers, as well as customer Social Security numbers and bank account numbers. Yikes.

In equally dramatic news during what this writer foolishly assumed would be a relatively quiet morning leading up to the holidays, Apple preemptively halted sales of the Apple Watch Series 9 owing to a patent dispute with California-based med tech firm Masimo. Masimo alleges that Apple violated its IP around blood sensor monitors; Brian has the full story.

And on TechCrunch+, Rebecca covers the Adobe-Figma breakup (Adobe, if you hadn’t heard, earlier today called off its deal to acquire Figma for $20 billion) and explores how it might impact startup exits elsewhere. Read more.

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Image Credits: Michael Nagle / Bloomberg / Getty Images

More top reads

Adobe and Figma part ways: Adobe has ended its plan to acquire Figma in light of intensifying regulatory headwinds in Europe. The tech giant will be on the hook for a $1 billion termination fee. Read more.

IBM makes two big buys: IBM is doling out €2.13 billion ($2.3 billion) to acquire two data integration assets from Germany-based enterprise software company Software AG: StreamSets and webMethods. Learn more.

New SEC disclosure rules: Starting today, publicly owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. See the details here.

EV founder found guilty: Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. Learn more.

Lawmakers eye iMessage: Apple’s move to cut off Beeper, the app that brought iMessage to Android users, has caught the attention of a bipartisan group of U.S. lawmakers, who are asking the U.S. Department of Justice to investigate. Read more.

X faces probe: X, formerly known as Twitter, is now the subject of an investigation under the European Union’s Digital Services Act over illegal content risks, moderation, transparency and deceptive UX design. Read more.

Flipboard embraces ActivityPub: Social magazine app Flipboard is announcing that it’s integrated with the open networking protocol ActivityPub, following on the heels of Instagram Threads. Read about what that means.

Apple pilots new subscription pricing: Apple has started experimenting with a feature on the App Store that allows developers to bundle subscriptions for two apps at a discounted price. Learn more.

BNPL star: Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider Gulf Cooperation Council region, has raised $340 million in a financing round that values the fintech at $1 billion. Read more.

MongoDB security incident: In other hack-related news, database management giant MongoDB says it’s investigating a security incident that’s resulted in the exposure of some information about customers. Learn more.

Vans, Supreme, North Face orders impacted: VF Corporation, the U.S.-based owner of apparel brands, including Vans, Supreme and The North Face, has confirmed that a cyberattack impacted the company’s ability to fulfill orders ahead of Christmas — one of the biggest retail events of the year. Read more.

Six more stories you should read: 

Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says

Meltwater, the media monitoring startup, gets a $65M investment from Verdane

May Mobility’s driverless microtransit service might beat robotaxis to profitability

Snowflake goes all in on data clean rooms with Samooha acquisition

OpenAI buffs safety team and gives board veto power on risky AI

Why extortion is the new ransomware threat

More top reads image

Image Credits: Rafael Henrique/SOPA Images/LightRocket / Getty Images

On the pods

Today on Equity, the crew covered the past year in tech, startups and VC. They dove into VC numbers, fintech’s hot start and then cooldown on the M&A front, the creator economy in 2023, and more. Also on the agenda was OpenAI’s upheaval — and the return of key-person syndrome, broadly speaking. Listen here.

Read More

On the pods image

Image Credits: Bryce Durbin

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