Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.
This week’s deal: Secure messaging app Wickr closed a $30 million Series B to build a social network with NSA-level encryption.
If the naysayers are to believed, privacy is dead, and no one cares whether or not Facebook, Twitter and Google are collecting our personal data and selling it to marketers. Wickr, on the other hand, is an app for people who haven’t given up the fight to keep their correspondence private. And it’s growing rapidly.
Bitly users’ account information may have been compromised after a recent hack, according to a blog post published yesterday. Now, the company is urging users to change their passwords, as well as reconnect their Facebook and Twitter accounts to the site.
In the blog post, Bitly CEO Mark Josephson provided details on which information, specifically, was compromised:
Dutch college student Shawn Buckles was sick of companies like Facebook and Google using his data to fuel their businesses. So he decided to take matters into his own hands and sell it himself by auctioning off all of his online data.
So what exactly was up for sale? Location tracking records, social media profiles, Read More
Yesterday Sony told Congress they would not be able to show up to answer questions about data security, as they were too busy dealing with, yup, another attack that compromised 12,700 credit card accounts.