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Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO

Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO

The ransomware gang that hacked into U.S. health tech giant Change Healthcare used a set of stolen credentials to remotely access the company’s systems that weren’t protected by multi-factor authentication, according to the chief executive of its parent company, UnitedHealth. UnitedHealth CEO Andrew Witty provided the written testimony ahead of a House subcommittee hearing on…

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African venture capital firm; Endgame Capital, an investor with a bias for technologies around climate change; and King Philanthropies, a climate and extreme poverty investor. The…

The ‘valley of death’ for climate lies between early-stage funding and scaling up

The ‘valley of death’ for climate lies between early-stage funding and scaling up

Jonathan Strimling faced a dilemma. His company had spent nine years working on chemical processes that could turn old cardboard boxes into high-quality building insulation. The good news was the team had finally cracked it: CleanFiber’s technology pumped out insulation — really good insulation. It had fewer contaminants and produced less dust than other cellulose…