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The new Robinhood credit card is the successor to the Apple Card with the possibility of investing in the form of cash back

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Eight months later launching a credit card X1 $95 million company Robinhood today announced the launch of its new Gold Card, with an inventory of features that even Apple Card users would envy.

Robinhood, higher known for its brokerage app aimed toward on a regular basis investors, is touting all sorts of advantages associated with its new card in an attempt to attract users. The card has no annual fees or foreign transaction fees. However, it can only be available to Robinhood Gold members and costs $5 per thirty days or $50 per 12 months. (Gold is a program that gives other advantages, corresponding to 5% APY on uninvested brokerage funds in the account.)

Gold Card users can earn 3% cash back across all categories, including restaurants and groceries, and 5% cash back when booking travel on the new travel site Robinhood. The cashback could be transferred to brokerage accounts that could be used for investments corresponding to purchasing stocks, the company says. The possibility of investing using cashback is the so-calledAn incredible innovation that X1 had developed before acquiring it.

Another interesting feature of the Gold Card is the ability to provide cards to members of the family. This is the first time Robinhood has introduced a family-oriented financial product, Robinhood Money General Manager Deepak Rao said TechCrunch. Rao was the founder and CEO of X1 before joining Robinhood during the acquisition.

Users will give you the chance to add up to five members of the family to their account as cardholders, and every cardholder will receive their very own card. Additional cardholders could be of any age, so parents can assist teens construct credit and monitor spending. The possibility of issuing cards to members of the family will even apply to people coming from other countries.

“The user can share the cards with parents, children or guardians and set up the right type of control and protection while helping them build credit,” Rao said. “They haven’t got to provide any information apart from their name, date of birth and Social Security number, in the event that they have one. If you are concerned about spending limits, you may set a dollar amount limit in addition to a child-safe mode.

The card also allows users to create and delete virtual cards for one-time purchases, and the APR shall be 20.24% – 29.99%, which Robinhood says will vary by market based on the Prime rate.

Robinhood also makes its physical cards uncountable, so in the event that they are lost or stolen, users won’t have to replace all of their card information. Rao said the company is also launching a new app for the new gold card, which shall be completely separate from the investment app.

Generally, the Gold account offers up to $2.25 million in FDIC insurance through a network of partner banks.

Cash back

Robinhood’s entry into the credit card market clearly follows the example of corporations like Apple, which has seen huge success with its own card (despite problems with its cooperation with Goldman Sachs). By waiving hidden fees like annual fees or late fees and applying cash back on daily basis, Apple Card exceeded over 12 million users from January.

Many cards offer cash back, but often limit it to certain categories. This card is generous in its cash back offer. For example, Apple offers 3% cash back on all purchases made at Apple and on purchases made at select merchants using Apple Card with Apple Pay. Generally, purchases made with Apple Card using Apple Pay earn users 2% back. But Apple also offers Family Sharing and a high-yield savings account with an rate of interest of 4.5%.

Of course, Robinhood will earn revenue from credit cards, that are standard transaction fees paid by merchants. He earned exchange income from his debit cards, which launched in 2018. Coastal Community Bank is a banking partner for Robinhood under the new Gold Card.

The new credit card is part of Robinhood’s business model and offerings which have evolved over the years. In December 2022, the company announced Robinhood retirement, which it billed as the “first and only” individual retirement account (IRA) with a 1% contribution on every qualifying dollar. Gold Membership, required to receive the Gold Card, increases your qualifying match to a maximum of 3%.

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This article was originally published on : techcrunch.com
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How the digital “you” can withstand your torturous online conference calls

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Now you can appear like you are on a Zoom call in your office, even whilst you’re sipping a margarita in a hammock far, far-off. Courtesy of a several-month-old startup called Marinadethe premise is easy: upload a five-minute training video of you creating an avatar, and 24 hours later you may seemingly be able to go. Do you ought to call from your automotive? This can be your secret. Too lazy to get away from bed? No problem. At the beach club? You’re probably pushing it, although judging by the demo video, that is not the only problem that should be solved. (The service is currently available in Basic, Standard and Professional versions, with prices starting from $300 to $1,150 per yr.)

The technology, backed by Los Angeles-based Krew Capital, currently only works with macOS, Pickle says, but a Windows version is anticipated next month. As for the conferencing apps that customers can pick from, they include Zoom, Google Meet and Teams, in keeping with Pickle. However, you should have to attend to make use of them. According to the website, “due to high demand, clone generation is currently delayed.”

This article was originally published on : techcrunch.com
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‘Wolves’ sequel canceled because director ‘no longer trusted’ Apple

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It could also be hard to recollect, but George Clooney and Brad Pitt starred together within the movie “Wolves,” which Apple released just two months ago.

On Friday, the film’s author and director Jon Watts said Friday that the sequel is not any longer happening; IN one other interview for Deadlinehe explained that he “no longer trusts (Apple) as a creative partner.”

According to reports, the corporate limiting your film strategy. For example, “Wolfs” was imagined to have a giant theatrical release, but as an alternative it played in a limited variety of theaters for just per week before it landed on Apple TV+.

Watts, who also created the brand new Star Wars series “Skeleton Crew,” said Apple’s change “came as a complete surprise and was made without any explanation or discussion.”

“I was completely shocked and asked them not to tell me I was writing a sequel,” Watts said. “They ignored my request and announced it in their press release anyway, apparently to put a positive spin on their streaming axis.”

As a result, Watts said he “quietly refunded the money they gave me to continue” and canceled the project.

This article was originally published on : techcrunch.com
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The Rise and Fall of the “Scattered Spider” Hackers.

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A statue of CrowdStrike’s action figure that represents the Scattered Spider cybercriminal group, seen at the Black Hat cybersecurity conference in August 2024.

After greater than two years of evading capture following a hacking spree that targeted some of the world’s largest technology firms, U.S. authorities say they’ve finally caught a minimum of some of the hackers responsible.

In August 2022 security researchers made their information public with a warning that a bunch of hackers targeted greater than 130 organizations in a complicated phishing campaign that stole the credentials of nearly 10,000 employees. The hackers specifically targeted firms that use Okta, a single sign-on service provider that hundreds of firms around the world use to permit their employees to log in from home.

Due to its give attention to Okta, the hacker group was dubbed “0ktapus”. By now the group has been hacked Caesar’s entertainmentCoinbase, DoorDash, Mailchimp, Riot Games, Twilio (twice) and dozens more.

The most notable and severe cyber attack by hackers in terms of downtime and impact was the September 2023 breach of MGM Resorts, which reportedly cost the casino and hotel giant a minimum of $100 million. In this case, the hackers collaborated with the Russian-speaking ransomware gang ALPHV and demanded a ransom from MGM for the company to get better its files. The break-in was such a nuisance that MGM-owned casinos had problems with service delivery for several days.

Over the past two years, as law enforcement has closed in on hackers, people in the cybersecurity industry have been attempting to work out exactly tips on how to classify hackers and whether to place them in a single group or one other.

Techniques utilized by hackers similar to social engineering, email and SMS phishing, and SIM swapping are common and widespread. Some of the individual hackers were part of several groups chargeable for various data breaches. These circumstances make it obscure exactly who belongs to which group. Cybersecurity giant CrowdStrike has dubbed this hacker group “Scattered Spider,” and researchers imagine it has some overlap with 0ktapus.

The group was so energetic and successful that the US cybersecurity agency CISA and the FBI issued a advice in late 2023 with detailed details about the group’s activities and techniques in an try and help organizations prepare for and defend against anticipated attacks.

Scattered Spider is a “cybercriminal group targeting large companies and their IT helpdesks,” CISA said in its advisory. The agency warned that the group “typically engaged in data theft for extortion purposes” and noted its known ties to ransomware gangs.

One thing that is comparatively certain is that hackers mostly speak English and are generally believed to be teenagers or early 20s, and are sometimes called “advanced, persistent teenagers.”

“A disproportionate number of minors are involved and this is because the group deliberately recruits minors due to the lenient legal environment in which these minors live, and they know that nothing will happen to them if the police catch the child” – Allison Nixon , director of research for Unit 221B, told TechCrunch at the time.

Over the past two years, some members of 0ktapus and Scattered Spider have been linked to a similarly nebulous group of cybercriminals generally known as “Com” People inside this broader cybercriminal community committed crimes that leaked into the real world. Some of them are chargeable for acts of violence similar to robberies, burglaries and bricklaying – hiring thugs to throw bricks at someone’s house or apartment; and swatting – when someone tricks authorities into believing that a violent crime has occurred, prompting the intervention of an armed police unit. Although born as a joke, the swat has fatal consequences.

After two years of hacking, authorities are finally starting to discover and prosecute Scattered Spider members.

in July This was confirmed by the British police arrest of a 17-year-old in reference to the MGM burglary.

In November, the U.S. Department of Justice announced it had indicted five hackers: Ahmed Hossam Eldin Elbadawy, 23, of College Station, Texas; Noah Michael Urban, 20, from Palm Coast, Florida, arrested in January; Evans Onyeaka Osiebo, 20, of Dallas, Texas; Joel Martin Evans, 25, of Jacksonville, North Carolina; and Tyler Robert Buchanan, 22, from the UK, who was arrested in June in Spain.

This article was originally published on : techcrunch.com
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