TL;DR

Who: Facebook, ShopBack, Airtrunk

Weekly Business Brief | 2019 Week 15

Wrapping up the week's business news and announcements.

SBO Singapore Weekly Business Brief
Published:   |   Updated:   |   Posted in

540 million Facebook user data leaked, includes comments, likes, reactions, account names, Facebook user IDs

Both datasets were stored in unsecured Amazon S3 buckets and could be accessed by virtually anyone. Neither was password protected.

Researchers at the cybersecurity firm UpGuard on Wednesday said they had discovered the existence of two datasets together containing the personal data of hundreds of millions of Facebook users. Both were left publicly accessible.

Both datasets were stored in unsecured Amazon S3 buckets and could be accessed by virtually anyone. Neither was password protected. The buckets have since been secured or taken offline.

Facebook said, “Facebook’s policies prohibit storing Facebook information in a public database. Once alerted to the issue, we worked with Amazon to take down the databases. We are committed to working with the developers on our platform to protect people’s data.”

Read more on this Gizmodo report.

ShopBack raises $45million in round led by Rakuten and EV Growth

[ShopBack] will use the capital to build up a data platform that provides merchants with insights into consumers…

Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. The Singapore-based startup, which has partnered with Visa and Mastercard, will use the capital to build up a data platform that provides merchants with insights into consumers, it said in a statement.

Read more on this Bloomberg report.

AirTrunk raises S$450 million to build Singapore data centre

AirTrunk is taking advantage of the rise in cloud computing as more businesses move their IT away from self-run data centres to servers run by the likes of Amazon Web Services and Alibaba Group Holding Ltd.

The Goldman Sachs Group Inc. and TPG Sixth Street Partners-backed company has already spent more than A$1 billion ($712 million) on two data centres in Australia and will open its Singapore facility in two phases, according to founder Robin Khuda.

The first stage is expected to be ready by mid-2020 and will allow half of its planned 60-megawatt capacity to be sold to customers. The rest will be built when there’s enough demand, with the total project taking up 1.5 hectares of land in Loyang, in Singapore’s east, and costing “in excess” of S$500 million, he said.

AirTrunk is taking advantage of the rise in cloud computing as more businesses move their IT away from self-run data centres to servers run by the likes of Amazon Web Services and Alibaba Group Holding Ltd.

Read more on this Bloomberg report.


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