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Alkami, a provider of cloud-based digital banking solutions for financial institutions, has announced the pricing of a $300m convertible senior notes offering.The company has also granted initial purchasers an option to buy up to an additional $45m in notes within 13 days of issuance.The notes, maturing on 15 March 2030, will bear an interest rate of 1.50% per annum, payable semi-annually in arrears starting on 15 September 2025. Before 15 November 2029, conversions can only occur under specific conditions, while after this date, noteholders can convert at any time before maturity.The initial conversion rate has been set at 30.4681 shares…

US President Donald Trump has announced he will double planned tariffs on Canadian steel and aluminium imports to 50 percent, escalating a trade war with the United States’s northern neighbour. In a social media post on Tuesday morning, Trump said the increased tariffs come in response to a decision by the province of Ontario to put a 25-percent surcharge on electricity exports to some US states. He said the increased tariffs on steel and aluminium would come into effect on Wednesday. “The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make…

It’s no secret that AI has eaten the lion’s share of funding over the past couple of years, with investments into the sector surging 62% to $110 billion in 2024 alone, while startup funding overall declined 12%.  Startups may think that just adding “AI” to their company’s name might help them secure that funding. But as the frenzy around foundation models has given way to a focus on real-world applications, AI agents, and long-term profitability, investors are seeking startups that can turn technical ingenuity into sustained traction.  At TechCrunch Sessions: AI, happening on June 5 in Zellerbach Hall at UC…

Harmony Intelligence, an AI cybersecurity company, has secured $3m in seed funding to advance its AI-driven cyber defence technologies.The funding round was led by Airtree Ventures, with participation from over 30 strategic investors, including First Row Partners, Maxwell Capital, Eric Ries, the CEO of Adept AI, the former CTO of Plaid, and Canva’s head of global AI policy.Harmony Intelligence specialises in cybersecurity solutions designed to counteract the growing threat of AI-powered cyberattacks. The company has worked as a trusted safety evaluator for leading AI labs and government institutions, contributing to the testing of frontier models in cybersecurity and autonomy. Its…

New York Attorney General Letitia James on Monday filed a lawsuit against insurance firm National General and its parent company Allstate over two data breaches. National General, which offers home, vehicle, and other insurance coverage, suffered two data breaches in 2020 and 2021, resulting in the driver’s license numbers of more than 165,000 New Yorkers being compromised. According to the New York Office of the Attorney General (OAG), National General failed to notify the impacted individuals after the first data breach, and did not take the necessary precautions to protect its systems, which led to the second incident. Even after…

Enterprise software maker SAP on Tuesday announced the release of 21 new and three updated security notes on its March 2025 security patch day. The company included five high-priority security notes in its advisory, namely three new notes that address vulnerabilities in Commerce, NetWeaver, and Commerce Cloud, and two updated notes that resolve flaws in Approuter and PDCE. The most severe of these issues are CVE-2025-27434 and CVE-2025-26661 (CVSS score of 8.8), described as a cross-site scripting (XSS) bug in Commerce and a missing authorization check in NetWeaver. The XSS issue resides in the open source library Swagger UI, and…

Taiwan-based networking solutions provider Edimax says it’s aware of reports that a vulnerability affecting some of its cameras has been exploited in the wild, but it cannot release patches due to the product being discontinued more than a decade ago. The cybersecurity agency CISA warned organizations on March 4 about CVE-2025-1316, a critical command execution vulnerability affecting Edimax IC-7100 IP cameras. The agency suggested that the vulnerability may have been exploited as a zero-day, but did not clearly state it in its advisory. However, Akamai, whose researchers have been credited for reporting the flaw, confirmed to SecurityWeek that the vulnerability…

The ACCC has granted interim authorisation to the Australian Sustainable Finance Institute (ASFI) and its member banks.This authorisation allows them to engage in discussions aimed at formulating proposals to reform regulatory capital requirements in Australia’s finance sector. This pivotal move is intended to address existing constraints on sustainable finance and investment across the country.Under the terms of the authorisation, ASFI, along with its member banks, must adhere strictly to a competition protocol concerning the handling of competitively sensitive information. This protocol is designed to ensure that all discussions remain compliant with competitive standards while fostering a collaborative approach to significant…

A new Israeli startup called Sola Security has emerged from stealth with $30 million in seed-stage funding and ambitious plans to build an AI-powered no-code security platform. The company said the financing was provided by S Capital and investor Mike Moritz, S32, Glilot Capital Partners, and several angel investors. Founded in 2024 by cybersecurity veterans Guy Flechter and Ron Peled, Sola Security and its investors are betting on a growing market for no-code development platforms that allows security teams to build custom security applications quickly and without significant technical expertise. Solo Security said its platform will offer both ready-made solutions…

A South American cyberespionage group has delivered malware to over 1,600 victims in Colombia in a recent campaign, Check Point reports. Tracked as Blind Eagle and APT-C-36, and active since 2018, the advanced persistent threat (APT) actor is known for targeting government, financial, and critical infrastructure organizations in Colombia and Ecuador. The threat actor mainly relies on phishing emails containing malicious attachments or URLs to deliver remote access trojans (RATs) such as NjRAT, AsyncRAT, and Remcos, and recently expanded its arsenal with additional commodity malware, including a variant of PureCrypter. In December 2024, the threat actor was seen targeting CVE-2024-43451,…