Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to focus on just two markets, its homebase and Sweden, the homebase of Mathem, an online grocery that Oda merged with last year.
Online grocery is hard — complex orders with perishable items and a multi-temperature supply chain in a highly price sensitive category,” Oda’s CEO, Chris Poad, wrote on LinkedIn last week (before the layoffs were announced).
Prior to the pandemic, Oda – founded in 2013 – carved out a place for itself as one of the strong regional players in online grocery delivery in Europe.
But by late 2022 Oda was raising $151 million at a valuation of $353 million.
Local publication e24 says Kinnevik and other existing backers Summa Equity and Verdane are expected to provide the bulk of the NOK600 million ($57 million) Oda is reportedly raising.
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
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AT&T resets account passcodes after millions of customer records leak online US telco giant takes action after 2019 data breachPhone giant AT&T is reseting customer account passcodes after a huge cache of data containing millions of customer records was dumped online earlier this month, TechCrunch has exclusively learned.
A security researcher who analyzed the leaked data told TechCrunch that the encrypted account passcodes are easy to decipher.
TechCrunch held the publication of this story until AT&T could begin reseting customer account passcodes.
The leaked data includes AT&T customer names, home addresses, phone numbers, dates of birth and Social Security numbers.
The researcher double-checked their findings by looking up records in the leaked data against AT&T account passcodes known only to them.
The Pokemon Company said it detected hacking attempts against some of its users and reset those user account passwords.
A spokesperson for the company said there was no breach, just a series of hacking attempts against some users.
To protect our customers we have reset some passwords which prompted the message,” said Daniel Benkwitt, a Pokemon Company spokesperson.
The description of the Pokemon account breaches sounds like credential stuffing, where malicious hackers use usernames and passwords stolen from other breaches and reuse them on other sites.
For its part, the Pokemon Company does not allow its users to enable two-factor on their accounts, when TechCrunch checked.
The U.S. National Security Agency has confirmed that hackers exploiting flaws in Ivanti’s widely used enterprise VPN appliance have targeted organizations across the U.S. defense sector.
Confirmation that the NSA is tracking these cyberattacks comes days after Mandiant reported that suspected Chinese espionage hackers have made “mass attempts” to exploit multiple vulnerabilities impacting Ivanti Connect Secure, the popular remote access VPN software used by thousands of corporations and large organizations worldwide.
Mandiant said earlier this week that the China-backed hackers tracked as a threat group it calls UNC5325 had targeted organizations across a variety of industries.
This includes the U.S. defense industrial base sector, a worldwide network of thousands of private sector organizations that provide equipment and services to the U.S. military, Mandiant said, citing earlier findings from security firm Volexity.
Akamai said in an analysis published last week that hackers are launching approximately 250,000 exploitation attempts each day and have targeted more than 1,000 customers.
