1.5m

“All telcos need to have systems in place that ensure they are meeting their obligations, including having robust oversight and assurance processes for third-party suppliers.”Yorke said that if Optus fails to further comply it could face action in the Federal Court, which can order penalties of up to $10 million per breach.The investigation is separate to last year’s mass Optus outage, in which more than 2000 Optus customers were unable to get through to triple-zero over a 16-hour period.Former Optus chief executive Kelly…

A Berkeley congregation has completed its real estate exodus. Highlands Lutheran Church sold its roughly 14,000-square-foot church at 3995 N. Irving St. last week for $1.48 million, or about $106 per square foot. It had been listed at $1.75 million. The buyer was Mounashram Inc., a faith-based nonprofit. Attempts to reach the organization were unsuccessful. Highlands Lutheran, which had been on Irving Street for the past century, moved last year to 7375 Samuel Drive, where it is renting a church from the Rocky Mountain…

Well, that was fast. A settlement has been reached just two days after district attorneys from 25 California counties filed a lawsuit against Tesla over allegations the automaker repeatedly mishandled hazardous waste at its facilities throughout the state. Tesla has agreed to pay $1.3 million in civil penalties and $200,000 to reimburse the costs of the investigation, according to a press release from the Office of the District Attorney in San Francisco. Tesla is also under a detailed injunction…

Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding. The round was led by 1984 Ventures, an early-stage venture capital firm based in San Francisco. Other participants in the round include The Raba Partnership, Byld Ventures, FirstCheck Africa, and several angel investors. Aaron Michael, a partner at 1984 Ventures, expressed support for Cleva’s founders, Tolu Alabi…

Oghenetega Lortim built Nigerian-based cold chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from his fresh agro-produce venture. Figorr (previously Gricd) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products, helping entrepreneurs to cut the losses that emerge from lack of such…

Swedish commercial vehicle maker Scania and Swedish battery startup Northvolt today unveiled a battery cell that they claim can power a heavy electric truck for 1.5 million kilometers (932,056 miles). Scania and Northvolt have been working together since 2017 to develop a battery cell for heavy-duty commercial vehicles. They assert that in validation tests, their lithium-ion cell has successfully demonstrated the capacity to power a truck for its lifetime. The cell has a capacity of 157 Ah and…

EV startup Canoo (GOEV) released its fourth-quarter earnings Thursday as it enters a critical phase of development. After resolving the SEC investigation and agreeing to pay $1.5 million, Canoo says it has new opportunities to access funding. Canoo resolves SEC dispute with $1.5M settlement Since its foundation in Canoo 2017, the EV maker has had its fair share of highs and lows. After going public in 2020, along with a slew of other electric vehicle startups (and SPACs in general),…

Photo: DCStockPhotography (Shutterstock)The Federal Trade Commission took historic action against the medication discount service GoodRx Wednesday, issuing a $1.5 million fine against the company for sharing data about users’ prescriptions with Facebook, Google, and others. It’s a move that could usher in a new era of health privacy in the United States.“Digital health companies and mobile apps should not cash in on consumer’s extremely sensitive and personally identifiable health information,” said Samuel Levine,…

Meta Masters Guild (MEMAG), the fastest-growing Play-to-Earn guild of 2023, has hit the $1.5 million milestone, in a very obvious sign that investors and gamers are buying into the massive potential of the crypto project. While it’s in presale now, it will quickly become the largest mobile gaming guild in Web3, creating fun and addictive games with playable NFTs. There are many factors as to why Meta Masters Guild has blown through its first two Presale Stages so quickly, and why there are only a few days left in…

Ghanaian agtech Farmerline has secured $1.5 million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 million, including $6.4 debt funding. The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa. Founded in 2013 by Alloysius Attah and Emmanuel Owusu Addai, Farmerline works…