News

Famous Former Hacker Kevin Mitnick Has Died Aged 59

Mitnick became a White Hat hacker after a long career of infiltrating corporate and government systems.

Published

1 year ago

July 20, 2023

famous former hacker kevin mitnick has died aged 59

On July 16th, one of the world’s most wanted computer hackers, Kevin Mitnick, passed away at 59 years old. According to his obituary, Mitnick was battling pancreatic cancer for over a year while undergoing treatment at the University of Pittsburgh Medical Center.

“Much of his life reads like a fiction story,” the obituary reads, and it’s probably the perfect way to describe this enigmatic man’s journey. Mitnick first infiltrated a computer system way back in 1979, and was sentenced to a year in prison in 1988 for copying a company’s software.

In the 90s, Mitnick hacked into Pacific Bell’s voicemail computers while under supervised release and continued to hack into phone networks, corporate and government websites. The hacker eventually became a fugitive and wasn’t caught until 1995, when he was charged with computer fraud. Authorities believed that Mitnick had access to corporate trade secrets worth millions of dollars, though his fans claim he never stole from the general public.

Also Read: The Largest Data Breaches In The Middle East

After spending five years in prison, Kevin Mitnick became a White Hat hacker and cybersecurity consultant for KnowBe4. He is survived by his wife, Kimberley, who is expecting his child.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.