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Cops cuff 4 in £1m banking fraud malware case

Four people have been arrested and £80,000 in cash seized as part of a Met Police investigation into the theft of an estimated £1m from UK banks using malware. Two men, both aged 31, and two women aged 24 and 27, were arrested on suspicion of conspiracy to defraud and conspiracy to launder money during raids on properties in …
John Leyden, 12 Dec 2013

Salesforce $1m hackathon win under scrutiny after brouhaha

Salesforce is investigating the finalists in its $1m mobile apps hackathon to ensure the competition’s rules weren't broken. The $1m hackathon grand prize was presented by Salesforce chief executive Marc Benioff during his annual Dreamforce conference in San Francisco, California, to start-up Upshot co-founders Thomas Kim and …
Gavin Clarke, 25 Nov 2013

Salesforce ponies up ANOTHER $1m to settle hackathon headache

Cloud kingpin Salesforce.com is preparing to shell out $1m to settle a dispute over a hackathon contest at last month's DreamForce conference. The company said that it would add a second winner to its developer contest while still upholding the original ruling that led some in the developer community to cry foul. Healthcare. …
Shaun Nichols, 03 Dec 2013
Ross Ulbricht

My name is NOT Dread Pirate Roberts: Silk Road accused's fam'n'friends stump up $1m bail

Supporters of the man accused of being the mastermind behind online drugs bazaar the Silk Road have offered to stump up $1m in bail money. Ross Ulbricht is currently being held in solitary confinement within the Brooklyn Metropolitan Detention Center, awaiting trial for his alleged role in running the Silk Road. Federal …
Jasper Hamill, 20 Nov 2013
management mobile6

Sources: Azzurri coughs £1m to end O2 call centre spat

Azzurri has settled a seven-figure dispute with O2 after a financial spat erupted over a Glasgow call centre it runs on behalf of the telco, well-placed sources have told The Channel. Under the multi-year outsourcing agreement, Azzurri - an O2 Centre of Excellence partner - was paid a fee to run a support desk for O2's small biz …
Paul Kunert, 05 Nov 2013
Bitcoins

Vice squad cuffs vice chairman of Bitcoin Foundation in $1m money-laundering probe

The Bitcoin Foundation is shy a vice chairman today: US money-laundering investigators have arrested and charged Charlie Shrem, the 24-year-old CEO of one-time Bitcoin exchange BitInstant. Also arrested and charged is Bitcoin trader Robert Faiella, 52, who operated as BTCKing on the underground e-bazaar Silk Road before it was …
Rebuilt Bombe Bletchley Park, photo copyrighted mubsta.com

Techie Crotty will put £1m in Bletchley museum's kitty ... if you do the same

The National Museum of Computing (TNMOC) at Bletchley Park has been promised its largest ever single donation of £1m, which it hopes to use on refurbishments. Donor Matt Crotty, a tech entrepreneur and trustee of the museum, has pledged the million-pound gift. The eggheads who run the joint now need to find matched funding to …
axe_channel_teaser

ScanSource will axe Euro staffers to save itself $3.1m a year

Distie ScanSource is slashing jobs in Europe in a bid to shed $3.1m in costs a year. The US wholesaler of point-of-sale kit, barcode scanners, comms stuff and security has elevated senior director of merchandising Rudy Meirsman to a newly created role as MD for Europe. This will "provide focused leadership and operational …
Paul Kunert, 12 Apr 2013

Feds charge man in $1m 'Dr Evil' scam to blackmail Mitt Romney

A Tennessee man has been charged over a high-profile extortion and wire fraud scam involving former Republican presidential candidate Mitt Romney's tax returns. Michael Mancil Brown, 34, of Franklin, Tennessee faces six counts of wire fraud and six counts of extortion over his alleged involvement in a plot to blackmail Romney …
John Leyden, 01 Jul 2013
closed_sign shut down under collapsed liquidation

Brit telly, laptop flogger Gimmi goes titsup owing whopping £1m

The collapse of Cheshire-based etailer Gimmi left a string of suppliers with debts totalling £1m, the creditor's report has revealed. The web shop, which flogged tablets, smartphones, 3D TVs, and laptops was placed into the hands of administrator Cowgill Holloway Business Recovery (CHBR) on 8 May. The two-year-old firm was only …
Paul Kunert, 16 Jul 2013
hands waving dollar bills in the air

Is no browser safe? Security bods poke holes in Chrome, Safari, IE, Firefox and earn $1m

The Pwn2Own and Pwnium hacking contests at the annual CanSecWest conference in Vancouver have earned security researchers over a million dollars in prizes, exposed 34 serious zero-day flaws in popular code, and earned over $82,000 for the Canadian Red Cross. In each of the Pwn2Own and Pwnium competitions, contestants are …
Iain Thomson, 14 Mar 2014
Samsung Galaxy S4

Welsh gov beats off Canada to hand £1m to Nintendo dev

Game development firm OysterWorld is opening up a base in south Wales that will bring 60 jobs to the region in the next three years. Wales beat out Canada as the site for the development, marketing and research centre, which will be backed by £1m from the Welsh government. “Attracting a significant player like Oyster World, …
The Register breaking news

Google donates £1m to child abuse charity ahead of Whitehall meeting

Google has donated £1m to the Internet Watch Foundation, after the ad giant had previously dropped tiny annual payments of around £20,000 into the child sex abuse charity's collection bucket. The move comes ahead of a meeting in Whitehall between Culture Secretary Maria Miller and a number of US-based internet companies …
Kelly Fiveash, 12 Jun 2013

Shut the CANUCK up! Sony offers $1m to hacked gamers

Canadian gamers affected by the hacking of Sony's Playstation Network have been offered compensation worth $1m by the entertainment giant. An email titled “PSN-SOE-Canada Settlement” went out this week to gamers in Canada offering small sops to anyone affected by the outage in 2011. Any Canadian who started an account on the …
Jasper Hamill, 19 Apr 2013

SwiftStack sucks up $6.1m, leaps through curtains with 'Amazon S3-in-a-box'

Software-defined storage upstart Swiftstack has been given a fresh cash injection of $6.1m and has spoken out on its software-as-a-service offering, Swift. Software defined storage (SDN) is akin to the fabless semiconductor firm concept, except that in this case the firms provide software instead of chip designs. With software …
Chris Mellor, 18 Mar 2013
The Register breaking news

FBI cuffs 14 over $1m 'Gone in 60 Seconds' casino scam

US cops have arrested 14 people over an elaborate scam where $1m was stolen from casino kiosks in a scam the FBI has described as ‘Gone in 60 Seconds’ bank fraud. The suspects allegedly stole $1m by exploiting a gap in Citibank’s electronic transaction security protocols in casino "cash advance" kiosks - which required multiple …
John Leyden, 31 Oct 2012
Eric Schmidt

Google flings another £1m at online child sex abuse vid CRACKDOWN

Google has pledged a further $2m (£1.27m) to encourage the development of tools that seek and destroy online child sex abuse material. The advertising giant is keen to prove to the British government and the popular press that it's doing all it can to eradicate the vile images and videos from the web. By throwing money at the …
Kelly Fiveash, 17 Jun 2013
The Register breaking news

UK telcos chuck another £1m at online child abuse watchdog

Britain's largest ISPs have agreed to contribute a further £1m to the Internet Watch Foundation, following a meeting with Culture Secretary Maria Miller about child sex abuse images and videos found online. BT, BSkyB, Virgin Media and TalkTalk will collectively stump up the extra cash over the next four years. Each telco thus …
Kelly Fiveash, 18 Jun 2013

US cops blew more than $26m buying 1.1m cell phone files from telcos

An investigation by Senator Edward Markey (D-MA) into the monitoring of cellphones has found that US police paid telecommunications companies more than $26m to hand over location information, metadata, and sometimes the content of their customers' messages to cops in the US last year. Senator Markey sent letters to the major US …
Iain Thomson, 10 Dec 2013
Iceotope

Iceotope sounds like a kids' superhero – but it's a UK server-cooler maker that just bagged £6.1m

The UK's Sheffield-based Iceotope has grabbed $10m (£6.10m) in funding to help it push its liquid-cooling server tech into more data centres. The cash injection was announced on Monday, and should let the company double in size from 16 to more than 30 employees in the next year, Iceotope chief executive Peter Hopton told The …
Jack Clark, 14 Jan 2014
The Register breaking news

Spanish cops cuff 11 for €1m-a-year ransomware scam

Spanish police have arrested 11 individuals suspected of running a €1m a year ransomware scam using malware that posed as a message from law enforcement. Law enforcement agencies in Spain first became interested in the Reveton malware after hundreds of complaints from victims of the scam starting flooding in at the beginning of …
John Leyden, 14 Feb 2013
Childhood's End

Brits: Give us £1m and we'll build a crack ALIEN-HUNTING TEAM

A group of British scientists have launched a new mission to find signs of extraterrestrial life way out in the depths of space. Boffins from 11 different universities and scientific bodies have joined forces to organise a search for little green men. The group - called the UK Search for Extraterrestrial Intelligence (SETI) …
Jasper Hamill, 08 Jul 2013
For Sale sign detail

Distie giant Arrow acquires Ireland's Altimate for €48.1m

American distie Arrow Electronics has scooped up smaller Irish-owned rival Altimate Group for €48.1m. Channel-bestriding behemoth Arrow bought the distributor off Irish financial holding company DCC. Altimate is DCC's Enterprise distribution business and in 2011 reported a yearly operating profit of €3.7m on €257m of global …
Anna Leach, 03 Apr 2012
The Register breaking news

Merde! Paris Apple Store in €1m armed raid on New Year's Eve

Apple's flagship Paris store was raided on New Year's Eve by armed robbers, who made off with iThings worth up to one million euros. The four crooks broke into the shop at 9pm - three hours after it closed and just hours before French revellers celebrated the start of 2013 - le Plod told daily newspaper Le Figaro. Neither the …
Freeview HD logo

Brits buy 3.1m Freeview HD devices

Britons have acquired 3.1m Freeview HD devices - TVs, receivers and DVRs - Freeview reported last week. In total, 18m homes have a Freeview-capable device of some kind, be it HD or standard definition. Just under 58 per cent of homes - 10.2m - pick up Freeview on a TV rather than a set-top box. There are 1.8m Freeview HD TVs …
Hard Reg, 31 Oct 2011
The Winklevoss twins, Cameron and Tyler

Winklevoss twins stuff $1m into social network for the FILTHY RICH

Wanna know what the world's been lacking? A social network for hedge-fund bods, of course. And who better to be at the helm of such a brave Web2.0 venture than square-jawed Olympic rowing twins Cameron and Tyler Winklevoss - who rose from the ashes of their legal spat with Facebook CEO Mark Zuckerberg to plunge some of their …
Kelly Fiveash, 17 Sep 2012
The Register breaking news

Shingle me timbers! Seagate brags of 1m SMR drives - where are they?

Seagate has said it's shipped a million shingled disk drives to date. Shingled Magnetic Recording (SMR) increases a device's capacity by squeezing more readable tracks of data onto a platter's surface, albeit by hammering rewrite speeds. When committing bytes to disk, the tiny electromagnet in the disk head that writes the …
Chris Mellor, 10 Sep 2013
Apple

OAP sues Apple for $1m after walking into store's glass door

An octogenarian is to take Apple to court after a visit to one of the computer company's glass-fronted stores put her nose out of joint - literally. The 83-year-old New Yorker walked slap bang into one of stores' see-through doors and broke her nose, she claims. Now, Evelyn Paswall, 83, has asked for $75,000 (£47,000) in …
Caleb Cox, 26 Mar 2012
The Register breaking news

EE: Of course we're going to get 1m 4G users by the end of the year!

Everything Everywhere put a brave spin on its latest 4G numbers today and insisted it was on course for its goal of 1 MEEEELION users by the end of the year. With its new LTE network criticised for being buggy, patchy, and wildly overpriced, EE has nevertheless found 318,000 punters to step up to the plate. These include …
Andrew Orlowski, 24 Apr 2013
The Register breaking news

Free French app app booted by Apple, triggers 1m-strong petition

Almost a million people have signed a petition demanding Apple rethink its decision to pull a popular free-app-finding app from the App Store. French-designed AppGratis - which describes itself as an "app-discovery" service - was pulled from the App Store earlier this month after falling foul of Apple's new rules regulating apps …
Jasper Hamill, 24 Apr 2013
The Register breaking news

Microsoft to Moto: We'll give you $1m a year for your patents

Microsoft and Googorola are having a slight difference of opinion when it comes to how much Redmond should pay for Motorola Mobility's video and Wi-Fi patents. Microsoft reckons that no more than $502,000 a year is fair for Moto's H.264 video patent - which is used in Xboxes and other MS gear - and $736,000 a year is a fair …
The Register breaking news

Perth music app developers score $1.1m

Australian-made iOS app darling Filter Squad has hit one million downloads for its Discovr app and has promptly closed $1.1m in seed funding. Discovr is essentially a smart recommendation engine that allows you to find music based on your existing field of preferences. Discovr is currently a number one app in 28 countries and …

Bo Peep insures jubs for $1m

Holly Madison, the US "reality TV star and model", has insured her D-cup jubs for $1m, lest they suffer a mishap during her Las Vegas extravaganza Peepshow. According to Reuters, the highly talented 31-year-old explained: "If anything happened to my boobs, I'd be out for a few months and I'd probably be out a million dollars. I …
Lester Haines, 30 Sep 2011
cloud

NetApp's £1m challenge won by precisely no one

Nobody won a million pounds of kit from NetApp because data centre nerds thought the offer was unbelievable or couldn't be bothered with the paperwork. NetApp UK offered an award of up to £1m in NetApp hardware, software, and services to a lucky customer that managed to reduce its storage usage by 50 per cent through using …
Chris Mellor, 14 Nov 2011
SAS badge

Famous SAS man trousers £1m as e-publishing startup sold to Tesco

Famous ex-SAS man "Andy McNab" will pocket almost £1m as Mobcast, an e-book publishing operation he co-founded, is sold to Tesco. Mobcast has 130,000 titles available to read on tablets, phones or computers and is not tied to any specific device. The service was founded in 2007 by McNab and the firm's head, Tony Lynch. "As an …
Lewis Page, 05 Sep 2012
Apple iPad 2

1m iPad 3s being built this quarter, says analyst

Apple's contract manufacturers have started punching out parts for the iPad 3. So says market watcher Jeff Fidacaro of US-based Susquehanna Financial, a stock broker. Citing "supply chain checks", he reckons Apple is now planning to produce 12-14m iPads during the current quarter. Last time he checked, the total was 11-13m of …
Tony Smith, 17 Oct 2011
The Register breaking news

Vegas man begs web for $1m to fix gigantic scrotum

An American has turned to the internet to raise $1m to pay for an operation to fix his scrotum, which has swollen to an eye-watering 45kg. Aussie Reg reader Andrew pointed us towards the case of Wesley Warren Jr, who has been afflicted with scrotal elephantiasis for the last three years. The condition is common in Africa, where …
Team Register, 19 Oct 2011
The Register breaking news

Six cuffed in £1m student readies phishing probe

Scotland Yard's cybercrime crackdown squad has cuffed suspected crims accused of masterminding a phishing scam that netted more than £1m in cash from hundreds of unsuspecting students. The Met's Police Central e-Crime Unit (PCeU) began an investigation in August after a tip-off that students signed up to a government loan scheme …
Paul Kunert, 09 Dec 2011
Scotland

Scottish gov may miss IT budget cut target

The Scottish government is unlikely to hit a public sector savings target after new data revealed that halfway through a five-year billion-pound savings drive, bureaucrats shaved just six per cent from its IT budgets. In a report published in June 2011, the businessman John McClelland called for savings of between £870m and £1bn …
Team Register, 18 Mar 2014
The Register breaking news

£1m 'Nobel prize of engineering' named after the Queen

Britain will play host to a biennial £1m engineering prize which it's hoped will come to confer the same status as a Nobel award. The cash is being coughed up by British industry and the trophy will be known as "the Queen Elizabeth Prize for Engineering", but recipients can be of any nationality. The prize will be run by the …
Lewis Page, 17 Nov 2011
The Register breaking news

Bill Gates drops $1m on laser-based malaria fighter

The Bill & Melinda Gates Foundation has awarded a $1m grant to an astrophysicist developing a laser-based solution to a decidedly terrestrial problem: malaria-spreading mosquitoes. "I wanted to apply my astrophysics, optics, laser expertise towards some humanitarian goal that can help people," says Columbia University associate …
Rik Myslewski, 03 Nov 2011
Peter Jones, Dragon's Den star

I'm in: Peter 'Dragons' Den' Jones launches bid to buy out Expansys

Dragons' Den star Peter Jones has launched a £6.1m takeover bid of his electronics retail firm Expansys. The entrepreneur made his move after increasing his share ownership in the AIM-listed firm from 41.4 percent to more than 50 per cent. Jones bought some 110.3 million shares to become the majority owner. This means that …
Jasper Hamill, 16 Jan 2014
The Register breaking news

Ex-Microsoft accountant jailed for $1.1m Redmond theft

A former Microsoft accountant has been sentenced to two years in prison and ordered to repay over a million dollars after pleading guilty to theft and money laundering. Randal Ray Seal stole the money from Microsoft after working in the company’s accounting department for nearly a decade. He said the thefts were initially …
Iain Thomson, 07 Sep 2011
The Register breaking news

London 'Tech City' quango burns through £1m on admin

The taxpayer-funded quango given the job of rebranding and promoting the nontrepreneurs of Shoreditch has blown through £1m on admin costs alone in a year. 'Tech City' is the brainchild of No.10 special advisor Rohan Silva. It's also the name of the eponymous unit within UKTI, a taxpayer-funded quango, that's been set up to …
Andrew Orlowski, 15 Dec 2011
union_jack

Computacenter's UK biz up by a fifth. XPocalypse bounce? Well, sort of...

The sun continues to shine on Computacenter's UK biz after a barnstorming first quarter was again boosted by the XP refresh and the firm's Professional Services order book, which it claims is in rude health. The services-based reseller reported to the London Stock Exchange a 20 per cent hike in revenues to £350.4m across Blighty …
Paul Kunert, 24 Apr 2014
The Register breaking news

Alleged bad Appler should pay back $1m

The Apple supply manager accused of taking bribes in exchange for approving suppliers for iPhone and iPod headphone parts should pay back the $1m he is alleged to have pocketed for dodgy dealing. This is according to the prosecution, which asked the court to seize $950,000 from Paul Devine. Apple lawyers even want to take away …
John Oates, 16 Nov 2010

High-end SAN peddler Dot Hill delivers profit – market says 'meh'

Three consecutive quarters of profit and a full year profit after seven years of losses: Dot Hill is looking good and CEO Dana Kammersgard can breathe more easily. Fourth quarter 2013 revenues were $58.8m, up sequentially from the prior quarter's $52.6m and even more than the year-ago quarter's $44.1m; it's up 29 per cent, in …
Chris Mellor, 07 Mar 2014
trolley

ABS gets AUD$2.1m to report online sales

Australia's federal government will shell out AUD$2.1 million over four years to ensure that online retail spending is tracked accurately. The funding splurge follows the recommendations from the Productivity Commission’s 2010 report into retailing, which found Australia’s online reporting standards vague and lacking in …
TerminatorGoogle

Google pulls SCHAFT out of military honeypot, sprays gold at bot team

The team behind SCHAFT, the best-built bot so far in the DARPA Robotics Challenge, will stop dipping into the $1m prize pot it was awarded by the US military – and will instead rely on funds from its new owner, Google. "The decision by Team SCHAFT to self-fund allows DARPA to expand the competition and further develop disaster …
Iain Thomson, 24 Mar 2014
channel

Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011