Domain: reuters.com
Stories and comments across the archive that link to reuters.com.
Stories · 2,473
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Bitcoin Drops Over $1,000 In Value Over 48 Hours (reuters.com)
sqorbit writes: Bitcoin dropped below $7,000 after hitting an all-time high. After the so-called "fork" was suspended, Bitcoin reached a peak of $7,888 around 1800 GMT on Wednesday before dropping down below $7,000. Some investors appear to be selling in order to buy "Bitcoin Cash" which was a split on August 1st. Bitcoin Cash reached $850. -
Indian Capital Declares Emergency as Toxic Smog Thickens By the Hour (reuters.com)
New Delhi, the Indian capital declared a pollution emergency on Thursday as toxic smog hung over the city for a third day and air quality worsened by the hour. From a report: Illegal crop burning in the farm states surrounding New Delhi, vehicle exhaust emissions in a city with limited public transport and swirling construction dust have caused the crisis, which arises every year. The problem has been compounded this year by still conditions, the weather office said. A U.S. embassy measure of tiny particulate matter PM 2.5 showed a reading of 608 at 10 a.m. when the safe limit is 25. An hour before it was 591. -
Philippine Outsourcing Industry Braces For AI (reuters.com)
The outsourcing industry in the Philippines, which has dethroned India as the country with the most call centers in the world, is worried that the rise of artificial intelligence (AI) will eat into the $23 billion sector. From a report: AI-powered translators could dilute the biggest advantage the Philippines has, the wide use of English, an industry meeting was told this week. Other AI applications could take over process-driven jobs. The Philippines' business process outsourcing (BPO) industry is an economic lifeline for the Southeast Asian nation of 100 million people. It employs about 1.15 million people and, along with remittances from overseas workers, remains one of the top two earners of foreign exchange. "I don't think our excellent command of spoken English is going to really be a protection five, 10 years from now. It really will not matter," said Rajneesh Tiwary, chief delivery officer at Sutherland Global Services. -
Former Yahoo CEO Marissa Mayer Apologizes For Data Breach, Blames Russians (reuters.com)
Former Yahoo chief executive officer Marissa Mayer apologized today for a pair of massive data breaches at Yahoo and blamed Russian agents on the growing number of incidents involving major U.S. companies. A reader shares a report: "As CEO, these thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users," she told the Senate Commerce Committee, testifying alongside the interim and former CEOs of Equifax and a senior Verizon Communications executive. "Unfortunately, while all our measures helped Yahoo successfully defend against the barrage of attacks by both private and state-sponsored hackers, Russian agents intruded on our systems and stole our users' data." -
Amazon Discounts Other Sellers' Products as Retail Competition Stiffens (reuters.com)
Amazon is slashing prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. From a report: The "discount provided by Amazon" applies to products including board games and technological gadgets offered by other merchants as the holiday season approaches. The retailer has been trying to compete aggressively on some items to win sales and draw customers away from low-priced rivals like Wal-Mart Stores. The move allows Amazon to sell the products at lower prices while still giving full price to the sellers. "When Amazon provides a discount, customers get the products they want at a price they'll love, and small businesses receive increased sales at their listed asking price," an Amazon spokeswoman said in an emailed statement, noting that businesses can opt out at any time. -
Afghanistan Clarifies It Will Not Block WhatsApp, Telegram (reuters.com)
The Afghan government will not block the instant messaging services WhatsApp and Telegram, a spokesman told news agency Reuters on Monday, following days of controversy after reports the services would be suspended. From a report: "Government of Afghanistan isn't going to ban any social media platforms. WhatsApp and Telegram to continue operating in Afghanistan," Javid Faisal, deputy spokesman to government Chief Executive Abdullah Abdullah wrote on Twitter. The row over instant messaging services began after a letter from Afghanistan's telecoms regulator to Internet service providers telling them to block the services "without delay" was circulated on social media platforms last week. -
BMW Recalling One Million Vehicles in North America (reuters.com)
Several readers share a report: BMW said Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries. One recall covers 670,000 2006-2011 U.S. 3-series vehicles to address a wiring issue for heating and air conditioning system may overheat and could increase the risk of a fire. The second recall covers 740,000 U.S. 2007-2011 vehicles with a valve that could rust and lead to a fire in rare cases. The recall includes some 128i vehicles, 3-series, 5-series and X3, X5 and Z4 vehicles. -
Department of Justice Considers Blocking AT&T Deal For Time Warner (reuters.com)
An anonymous reader quotes a report from Reuters: AT&T and the U.S. Department of Justice are discussing conditions the No. 2 wireless carrier needs to meet in order for its acquisition of Time Warner Inc to win government approval. The $85.4 billion deal, hatched last October, is opposed by some consumer groups and TV companies on the grounds that it would give the wireless company too much power over the media it would carry on its own network. Donald Trump, who has accused media companies like Time Warner's CNN of being unfair to him, criticized the deal on the campaign trail last year and vowed that as president his Justice Department would block it. The proposed deal represents an early challenge for the Justice Department's new antitrust chief, Makan Delrahim, a Trump appointee who was confirmed by Congress in late September. Delrahim may be looking to ramp up pressure on AT&T. The Wall Street Journal reported that the Justice Department was laying the groundwork for a potential lawsuit aimed at stopping the deal if settlement talks did not work out. -
Qualcomm Sues Apple For Contract Breach (reuters.com)
Qualcomm has sued Apple, again, this time alleging that it violated a software license contract to benefit rival chipmaker Intel for making broadband modems, the latest salvo in a longstanding dispute between the two companies. From a report: Qualcomm alleged in a lawsuit filed in the California state court in San Diego on Wednesday that Apple used its commercial leverage to demand unprecedented access to the chipmaker's highly confidential software, including source code. Apple began to use Intel's broadband modem chips in the iPhone 7, which it launched last year. -
App Developer Access To iPhone X Face Data Spooks Some Privacy Experts (reuters.com)
A reader shares a report: Apple won accolades from privacy experts in September for assuring that facial data used to unlock its new iPhone X would be securely stored on the phone itself. But Apple's privacy promises do not extend to the thousands of app developers who will gain access to facial data in order to build entertainment features for iPhone X customers, such as pinning a three-dimensional mask to their face for a selfie or letting a video game character mirror the player's real-world facial expressions. Apple allows developers to take certain facial data off the phone as long as they agree to seek customer permission and not sell the data to third parties, among other terms in a contract seen by Reuters. App makers who want to use the new camera on the iPhone X can capture a rough map of a user's face and a stream of more than 50 kinds of facial expressions. This data, which can be removed from the phone and stored on a developer's own servers, can help monitor how often users blink, smile or even raise an eyebrow. -
Rise of the Machines Must Be Monitored, Say Global Finance Regulators (reuters.com)
A reader shares a report: Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which coordinates financial regulation across the Group of 20 Economies (G20), said in its first report on artificial intelligence (AI) and machine learning that the risks they pose need monitoring. AI and machine learning refer to technology that is replacing traditional methods to assess the creditworthiness of customers, to crunch data, price insurance contracts and spot profitable trades across markets. There are no international regulatory standards for AI and machine learning, but the FSB left open whether new rules are needed. -
We May Not Have Enough Minerals To Even Meet Electric Car Demand (jalopnik.com)
Citing two reports from Reuters and Bloomberg, Jalopnik reports on the scarcity of metals necessary for electric cars. From the report: [W]hile demand for nickel keeps increasing, half the world's nickel supply is too low in quality to use for car batteries. All of which is going to have seismic effect on the world's suppliers. In short: There will be winners and losers, and the winners will be the ones with the highest-grade stuff -- not unlike, I suppose, the illicit drugs market. "Some of the biggest producers of the higher-grade ores, including BHP Norilsk Nickel, Vale and Sumitomo Corp, are moving quickly to take advantage and seal long-term supply deals with battery producers," reports Reuters. "Among those losing out would be lower-grade nickel mines like Cerro Matoso in Columbia, owned by South32 Ltd and Glencore's Koniambo in New Caledonia, as well as Anglo American's mines in Brazil producing ferronickel."
What of cobalt? Bloomberg sent a writer and photographer to Cobalt, Ontario, about 300 miles north of Toronto, to find out. The town, which began life as a silver town, also is believed to have some cobalt, though no one's really found much yet. The search for a new source of cobalt isn't taking place in just Cobalt, Ontario, of course, as mining companies worldwide try to capitalize on the our electric car future. But the search is ramping up as the world's biggest source of cobalt -- the Democratic Republic of Congo, where about half of all cobalt comes from -- is increasingly unstable, making car manufacturers nervous and cobalt all the more valuable. -
Facebook Says 126 Million Americans May Have Seen Russia-Linked Political Posts (reuters.com)
Facebook said on Monday that Russia-based operatives published about 80,000 posts on the social network over a two-year period in an effort to sway U.S. politics and that about 126 million Americans may have seen the posts during that time. Reuters reports: Facebook's latest data on the Russia-linked posts - possibly reaching around half of the U.S. population of voting age - far exceeds the company's previous disclosures. It was included in written testimony provided to U.S. lawmakers, and seen by Reuters, ahead of key hearings with social media and technology companies about Russian meddling in elections on Capitol Hill this week. Twitter separately has found 2,752 accounts linked to Russian operatives, a source familiar with the company's written testimony said. That estimate is up from a tally of 201 accounts that Twitter reported in September. Google, owned by Alphabet, said in a statement on Monday it had found $4,700 in Russia-linked ad spending during the 2016 U.S. election cycle, and that it would build a database of election ads. Facebook's general counsel, Colin Stretch, said in the written testimony that the 80,000 posts from Russia's Internet Research Agency were a tiny fraction of content on Facebook, equal to one out of 23,000 posts. -
Kaspersky CEO Says Hack Claims Cutting US Cyber Security Sales (reuters.com)
Eugene Kaspersky told news agency Reuters on Friday that his cyber security firm that bears his name would see a 'single digit' drop in U.S. sales this year as a result of suspicions about his company's ties to the Russian government, but global revenue should still increase. From a report: By turns frustrated and defiant in an 80-minute interview in his Moscow office, the founder and head of the embattled antivirus software maker denounced what he called an "information war" against his company, repeatedly asserting that "we've done nothing wrong." Anton Shingarev, Kaspersky Lab's vice president of public affairs, also told Reuters during the interview the company had abandoned efforts to sell its services to the U.S. government and that it would wind down its Washington-area subsidiary, KGSS. Kaspersky Lab has become a lightning rod in recent months as it has faced allegations by the U.S. government that its antivirus products can be used by Russian spies to conduct cyber espionage. Office Depot, Staples and Best Buy have stopped selling Kaspersky's security suite in their stores. -
McAfee Says It No Longer Will Permit Government Source Code Reviews (reuters.com)
Dustin Volz, Joel Schectman, and Jack Stubbs, reporting for Reuters: U.S.-based cyber firm McAfee said it will no longer permit foreign governments to scrutinize the source code of its products, halting a practice some security experts have warned could be leveraged by nation-states to carry out cyber attacks. Reuters reported in June that McAfee was among several Western technology companies that had acceded in recent years to greater demands by Moscow for access to source code, the instructions that control basic operations of computer equipment. The reviews, conducted in secure facilities known as "clean rooms" by Russian companies with expertise in technology testing, are required by Russian defense agencies for the stated purpose of ensuring no hidden "backdoors" exist in foreign-made software. But security experts and former U.S. officials have said those inspections provide Russia with opportunities to find vulnerabilities that could be exploited in offensive cyber operations. McAfee ended the reviews earlier this year after spinning off from Intel in April as an independent company, a McAfee spokeswoman said in an email to Reuters last week. -
Chipmaker Nvidia's CEO Sees Fully Autonomous Cars Within 4 Years (reuters.com)
An anonymous reader shares a report: Nvidia chief executive Jensen Huang said on Thursday artificial intelligence would enable fully automated cars within 4 years, but sought to tamp down expectations for a surge in demand for its chips from cryptocurrency miners. Nvidia came to prominence in the gaming industry for designing graphics-processing chips, but in recent years has been expanding into newer technologies including high-performance computing, artificial intelligence, and self-driving cars. Its expansion has been richly rewarded with a 170 percent stock surge over the past year, boosting its market value to $116 billion. "It will take no more than 4 years to have fully autonomous cars on the road. How long it takes for the vast majority of cars on the road to become that, it really just depends," Huang told media after a company event in Taipei. -
FCC To Loosen TV, Newspaper Ownership Rules (reuters.com)
The FCC is planning to vote on rolling back landmark media ownership regulations that prohibit owning a television station and newspaper in the same market and making it easier to acquire additional TV or radio stations. Reuters reports: If approved at the FCC's November meeting, the move would be a win for newspapers and broadcasters that have pushed for the change for decades, but was criticized by Democrats who said it could usher in a new era of media consolidation. The FCC in 1975 banned cross-ownership of a newspaper and broadcast station in the same market, unless it granted a waiver, to ensure a diversity of opinions. The rule was made before the explosion of internet and cable news and Republican President Donald Trump and Pai have vowed to reduce government regulation.
"We must stop the federal government from intervening in the news business," Pai told a congressional panel, noting that many newspapers have closed and many radio and TV stations are struggling. Pai moved earlier this year to make it easier for some companies to own a larger number of local stations. Pai said the marketplace no longer justifies the rules, citing Facebook and Alphabet's dominance of internet advertising. "Online competition for the collection and distribution of news is greater than ever. And just two internet companies claim 100 percent of recent online advertising growth; indeed, their digital ad revenue this year alone will be greater than the market cap of the entire broadcasting industry," Pai said. -
Italy Proposes Phasing Out Coal Power Plants By 2025 (reuters.com)
Italy is the next country to phase out coal. According to Reuters, the country has set its sights on phasing out coal power plants by 2025. From the report: Italy's biggest utility Enel has said it will not invest in new coal-fired power plants. The new energy strategy, still under discussion, aims to reach the goal of 27 percent of gross overall energy consumption from renewable sources by 2030, the document showed. The strategy, which should be approved by the government at the beginning of November, is also looking to speed up the introduction of vehicles powered by alternative fuels. It aims to raise the number of electric charging stations to 19,000 by 2020. -
New Cyber Attacks Hit Airport, Metro in Ukraine (reuters.com)
Cyber attacks hit Ukraine's Odessa airport and the metro system in Kiev on Tuesday, with the state-run Computer Emergency Response Team (CERT) saying a new wave of hacks was hitting the country and asking transport networks to be on particular alert. From a report: Ukraine was the chief victim of a major cyber attack earlier this year, and the government had warned on Oct. 13 that another strike might be coming. "We ask the owners of telecommunication systems, other information resources, transport infrastructure first of all, as well as ordinary internet users, to comply with stricter cyber security requirements," CERT-Ukraine said in a statement. The cyber police and the infrastructure ministry said that Tuesday's strikes did not appear to constitute a mass attack. The central bank said the banking system was working normally. "We report that the IT system of Odessa international airport has been hit by a hacker attack. All services of the airport are working in a stricter mode," the airport said in a statement. -
Microsoft To Drop Lawsuit After US Government Revises Data Request Rules (reuters.com)
An anonymous reader shares a report: Microsoft said it will drop a lawsuit against the U.S. government after the Department of Justice (DOJ) changed data request rules on alerting internet users about agencies accessing their information. The new policy limits the use of secrecy orders and calls for such orders to be issued for defined periods, Microsoft Chief Legal Officer Brad Smith said in a blog post on Monday. "As a result of the issuance of this policy, we are taking steps to dismiss our lawsuit," Smith said. The company expects the changes to end the practice of indefinite secrecy orders. Microsoft filed the lawsuit in April 2016 arguing that the U.S. government was violating the constitution by preventing the company from informing its customers about government requests for their emails and other documents. -
Toshiba Forecasts $1 Billion Loss (zdnet.com)
Toshiba has announced a forecast net loss of $970 million due to the tax impact of selling its memory chip business, which was itself sold to make up for losses incurred from its nuclear energy business. ZDNet reports: The loss will come instead of its previously forecast net profit of 230 billion yen due to taxes incurred during the sale of the chip business, although its revenue forecast remains unchanged, Reuters reported. Toshiba had last month announced that it would be selling its memory chip business for 2 trillion yen to a consortium led by Bain Capital that includes Seagate and is backed by the Japanese government. As part of the sale, Toshiba said it would be investing 350.5 billion yen into the memory chip unit, maintaining some ownership over it, and last month said that it expected to close the deal "within days."
The tech company had originally named Bain as its preferred bidder back in June, although the sale had been slowed down after joint venture partner Western Digital had struggled to submit a competing bid alongside KKR after its original bid was rejected. As a result, Toshiba announced in June that it was planning to sue Western Digital for 120 billion yen, claiming the latter had interfered in the sale of the memory chip business. Western Digital had "continually interfered with the bid process" and "exaggerated" the power it had in relation to a potential sale, Toshiba claimed, and also made moves to prevent Western Digital employees in its Yokkaichi plant from accessing information pertaining to their partnership. Reuters said the delayed sale could potentially lead to Toshiba "not getting anti-trust clearance before the end of the financial year," which could in turn result in the Tokyo Stock Exchange delisting the company. -
Apple, Samsung Face New iPhone Damages Trial (reuters.com)
An anonymous reader quotes a report from Reuters: U.S. District Judge Lucy Koh in San Jose, California issued her order late on Sunday, 10 months after the U.S. Supreme Court set aside a $399 million award against Samsung, whose devices include the Galaxy. The three Apple patents covered design elements of the iPhone such as its black rectangular front face, rounded corners, and colorful grid of icons for programs and apps. Koh's order is a setback for Apple, which called a retrial unnecessary and said the award should be confirmed. The $399 million represented profit from Samsung's sales of infringing smartphones, though the South Korean company has said it deserved reimbursement if it prevailed in the litigation. It was part of a $548 million payment that Samsung made to Apple in December 2015. The legal dispute concerned whether the "article of manufacture" for which Samsung owed damages included its entire smartphones, or only parts that infringed Apple patents. -
Kaspersky Lab To Open Software To Review, Says Nothing To Hide (reuters.com)
Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies. From a report: Kaspersky, which research firm Gartner ranks as one of the world's top cyber security vendors for consumers, said in a statement that it would submit the source code of its software and future product updates for review by a broad cross-section of computer security experts and government officials. It also vowed to have outside parties review other aspects of its business, including software development. Reviews of its software, which is used on some 400 million computers worldwide, will begin by the first quarter of next year, it said. "We've nothing to hide," Chairman and CEO Eugene Kaspersky said on Monday. "With these actions we'll be able to overcome mistrust and support our commitment to protecting people in any country on our planet." Kaspersky did not name the outside reviewers, but said they would have strong software security credentials and be able to conduct technical audits, source code reviews and vulnerability assessments. -
US Government Warns Of 'Ongoing' Hacks Targeting Nuclear and Power Industries (reuters.com)
An anonymous reader quotes Reuters: The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public infrastructure. The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed by email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in attacks dating back to at least May. The agencies warned that hackers had succeeded in compromising some targeted networks, but did not identify specific victims or describe any cases of sabotage. The objective of the attackers is to compromise organizational networks with malicious emails and tainted websites to obtain credentials for accessing computer networks of their targets, the report said.
According to the report, the Department of Homeland Security "has confidence that this campaign is still ongoing and threat actors are actively pursuing their objectives over a long-term campaign." -
Tech Companies To Lobby For Immigrant 'Dreamers' To Remain In US (reuters.com)
An anonymous reader quotes a report from Reuters: Nearly two dozen major companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters. The Coalition for the American Dream intends to ask Congress to pass bipartisan legislation this year that would allow these immigrants, often referred to as "Dreamers," to continue working in the United States, the documents said. Alphabet Inc's Google, Microsoft Corp, Amazon.com Inc, Facebook Inc, Intel Corp, Uber Technologies Inc, IBM Corp, Marriott International Inc and other top U.S. companies are listed as members, one of the documents shows. The push for this legislation comes after President Donald Trump's September decision to allow the Deferred Action for Childhood Arrivals (DACA) program to expire in March. That program, established by former President Barack Obama in 2012, allows approximately 900,000 illegal immigrants to obtain work permits. Some 800 companies signed a letter to Congressional leaders after Trump's decision, calling for legislation protecting Dreamers. That effort was spearheaded by a pro-immigration reform group Facebook Chief Executive Mark Zuckerberg co-founded in 2013 called FWD.us. -
Microsoft Responded Quietly After Detecting Secret Database Hack in 2013 (reuters.com)
Citing five former employees, Reuters reported on Tuesday that Microsoft's secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago. From the report: The company did not disclose the extent of the attack to the public or its customers after its discovery in 2013, but the five former employees described it to Reuters in separate interviews. Microsoft declined to discuss the incident. The database contained descriptions of critical and unfixed vulnerabilities in some of the most widely used software in the world, including the Windows operating system. Spies for governments around the globe and other hackers covet such information because it shows them how to create tools for electronic break-ins. The Microsoft flaws were fixed likely within months of the hack, according to the former employees. Yet speaking out for the first time, these former employees as well as U.S. officials informed of the breach by Reuters said it alarmed them because the hackers could have used the data at the time to mount attacks elsewhere, spreading their reach into government and corporate networks. "Bad guys with inside access to that information would literally have a 'skeleton key' for hundreds of millions of computers around the world," said Eric Rosenbach, who was U.S. deputy assistant secretary of defense for cyber at the time. -
Essential Is Getting Sued For Allegedly Stealing Wireless Connector Technology (gizmodo.com)
"Keyssa, a wireless technology company backed by iPod creator and Nest founder Tony Fadell, filed a lawsuit against Essential on Monday, alleging that the company stole trade secrets and breached their nondisclosure agreement," reports Gizmodo. Keyssa has proprietary technology that reportedly lets users transfer large files in a matter of seconds by holding two devices side by side. From the report: According to the lawsuit, Keyssa and Essential engaged in conversations in which the wireless tech company "divulged to Essential proprietary technology enabling every facet of Keyssa's wireless connectivity," all of which was protected under a non-disclosure agreement. More specifically, the lawsuit alleges that Keyssa "deployed a team 20 of its top engineers and scientists" to educate Essential on its proprietary tech, sending them "many thousands of confidential emails, hundreds of confidential technical documents, and dozens of confidential presentations." Essential ended this relationship after over 10 months and later told Keyssa that its engineers would use a competing chip in the Essential Phone. But Keyssa is accusing Essential of including techniques in its phone that were gleaned from their relationship, despite their confidentiality agreement. Central to this lawsuit is one of the Essential Phone's key selling points: the option to swap in modular add-ons, made possible thanks to the phone's unique cordless connector. In short, if Keyssa's claims hold water, then one of the phone's defining factors is a product of theft. -
US Supreme Court To Decide Microsoft Email Privacy Dispute (reuters.com)
The U.S. Supreme Court on Monday agreed to resolve a major privacy dispute between the Justice Department and Microsoft Corp over whether prosecutors should get access to emails stored on company servers overseas. From a report: The justices will hear the Trump administration's appeal of a lower court's ruling last year preventing federal prosecutors from obtaining emails stored in Microsoft computer servers in Dublin, Ireland in a drug trafficking investigation. That decision by the New York-based 2nd U.S. Court of Appeals marked a victory for privacy advocates and technology companies that increasingly offer cloud computing services in which data is stored remotely. Microsoft, which has 100 data centers in 40 countries, was the first U.S. company to challenge a domestic search warrant seeking data held outside the country. There have been several similar challenges, most brought by Google. -
SWIFT Says Hackers Still Targeting Bank Messaging System (reuters.com)
Hackers continue to target the SWIFT bank messaging system, though security controls instituted after last year's $81 million heist at Bangladesh's central bank have helped thwart many of those attempts, a senior SWIFT official told Reuters. From the report: "Attempts continue," said Stephen Gilderdale, head of SWIFT's Customer Security Programme, in a phone interview. "That is what we expected. We didn't expect the adversaries to suddenly disappear." SWIFT spokeswoman Natasha de Teran told Reuters that the attackers had attempted to hack into computers that banks use to access the organization's proprietary network, then create fraudulent messages to send over the SWIFT system. "We have no indication that our network and core messaging services have been compromised," she said. The disclosure underscores that banks remain at risk of cyber attacks targeting computers used to access SWIFT almost two years after the February 2016 theft from a Bangladesh Bank account at the Federal Reserve Bank of New York. -
Alphabet's Waymo Demanded $1 Billion In Settlement Talks With Uber (reuters.com)
An anonymous reader quotes a report from Reuters: Alphabet's Waymo sought at least $1 billion in damages and a public apology from Uber as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo technology in the future, the sources said. Uber rejected those terms as non-starters, said the sources, who were not authorized to publicly discuss settlement talks. The precise dollar amount requested by Waymo and the exact time the offer was made could not be learned.
Waymo's tough negotiating stance, which has not been previously reported, reflects the company's confidence in its legal position after months of pretrial victories in a case which may help to determine who emerges in the forefront of the fast-growing field of self-driving cars. The aggressive settlement demands also suggest that Waymo is not in a hurry to resolve the lawsuit, in part because of its value as a distraction for Uber leadership, said Elizabeth Rowe, a trade secret expert at the University of Florida Levin College of Law. -
Equifax Website Hacked Again, this Time To Redirect To Fake Flash Update (arstechnica.com)
For several hours on Wednesday Equifax's website was compromised again, this time to deliver fraudulent Adobe Flash updates, which when clicked, infected visitors' computers with adware that was detected by only three of 65 antivirus providers, reports Dan Goodin at Ars Technica. From the report: Randy Abrams, an independent security analyst by day, happened to visit the site Wednesday evening to contest what he said was false information he had just found on his credit report. Eventually, his browser opened up a page on the domain hxxp:centerbluray.info. He was understandably incredulous. The site that previously gave up personal data for virtually every US person with a credit history was once again under the control of attackers, this time trying to trick Equifax visitors into installing crapware Symantec calls Adware.Eorezo. Knowing a thing or two about drive-by campaigns, Abrams figured the chances were slim he'd see the download on follow-on visits. To fly under the radar, attackers frequently serve the downloads to only a select number of visitors, and then only once. Abrams tried anyway, and to his amazement, he encountered the bogus Flash download links on at least three subsequent visits. Update: Equifax said on Thursday it was taking one of its web pages offline as its security team looks into reports of another potential cyber breach. -
Despite Sanctions, Russian Organisations Acquire Microsoft Software (reuters.com)
An anonymous reader shares a report: Software produced by Microsoft has been acquired by state organizations and firms in Russia and Crimea despite sanctions barring U.S-based companies from doing business with them, official documents show. The acquisitions, registered on the Russian state procurement database, show the limitations in the way foreign governments and firms enforce the U.S. sanctions, imposed on Russia over its annexation of the Crimea peninsula from Ukraine in 2014. Some of the users gave Microsoft fictitious data about their identity, people involved in the transactions told Reuters, exploiting a gap in the U.S. company's ability to keep its products out of their hands. The products in each case were sold via third parties and Reuters has no evidence that Microsoft sold products directly to entities hit by the sanctions. "Microsoft has a strong commitment to complying with legal requirements and we have been looking into this matter in recent weeks," a Microsoft representative said in an emailed response to questions from Reuters. -
Justice Department To Be More Aggressive In Seeking Encrypted Data From Tech Companies (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): The Justice Department signaled Tuesday it intends to take a more aggressive posture in seeking access to encrypted information from technology companies, setting the stage for another round of clashes in the tug of war between privacy and public safety. Deputy Attorney General Rod Rosenstein issued the warning in a speech in Annapolis, Md., saying that negotiating with technology companies hasn't worked. "Warrant-proof encryption is not just a law enforcement problem," Mr. Rosenstein said at a conference at the U.S. Naval Academy. "The public bears the cost. When our investigations of violent criminal organizations come to a halt because we cannot access a phone, even with a court order, lives may be lost." Mr. Rosenstein didn't say what precise steps the Justice Department or Trump administration would take. Measures could include seeking court orders to compel companies to cooperate or a push for legislation. A Justice Department official said no specific plans were in the works and Mr. Rosenstein's speech was intended to spur public awareness and discussion of the issue because companies "have no incentive to address this on their own." -
Symantec CEO: Source Code Reviews Pose Unacceptable Risk (reuters.com)
In an exclusive report from Reuters, Symantec's CEO says it is no longer allowing governments to review the source code of its software because of fears the agreements would compromise the security of its products. From the report: Tech companies have been under increasing pressure to allow the Russian government to examine source code, the closely guarded inner workings of software, in exchange for approvals to sell products in Russia. Symantec's decision highlights a growing tension for U.S. technology companies that must weigh their role as protectors of U.S. cybersecurity as they pursue business with some of Washington's adversaries, including Russia and China, according to security experts. While Symantec once allowed the reviews, Clark said that he now sees the security threats as too great. At a time of increased nation-state hacking, Symantec concluded the risk of losing customer confidence by allowing reviews was not worth the business the company could win, he said. -
Russian Central Bank To Ban Websites Offering Crypto-currencies (reuters.com)
An anonymous reader shares a report: Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them "dubious." Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money. Later the authorities accepted the globally booming market of crypto-currencies but want to either control the turnover or to limit access to the market "We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors)," Shvetsov said, referring to households. -
Google Uncovers Russia-Bought Ads On YouTube, Gmail and Other Platforms (reuters.com)
An anonymous reader quotes a report from Reuters: Google has discovered Russian operatives spent tens of thousands of dollars on ads on its YouTube, Gmail and Google Search products in an effort to meddle in the 2016 U.S. presidential election, a person briefed on the company's probe told Reuters on Monday. The ads do not appear to be from the same Kremlin-affiliated entity that bought ads on Facebook, but may indicate a broader Russian online disinformation effort, according to the source, who was not authorized to discuss details of Google's confidential investigation. The revelation is likely to fuel further scrutiny of the role that Silicon Valley technology giants may have unwittingly played during last year's election. U.S. intelligence agencies have concluded that Moscow's goal was to help elect Donald Trump. Google has uncovered less than $100,000 in ad spending potentially linked to Russian actors, the source said. -
HP Enterprise Let Russia Scrutinize The Pentagon's Cyberdefense Software (reuters.com)
"A Russian defense agency was allowed to review the cyberdefense software used by the Pentagon to protect its computer networks," writes new submitter quonset. "This according to Russian regulatory records and interviews with people with direct knowledge of the issue." Reuters reports: The Russian review of ArcSight's source code, the closely guarded internal instructions of the software, was part of Hewlett Packard Enterprise's effort to win the certification required to sell the product to Russia's public sector, according to the regulatory records seen by Reuters and confirmed by a company spokeswoman. Six former U.S. intelligence officials, as well as former ArcSight employees and independent security experts, said the source code review could help Moscow discover weaknesses in the software, potentially helping attackers to blind the U.S. military to a cyber attack. "It's a huge security vulnerability," said Greg Martin, a former security architect for ArcSight. "You are definitely giving inner access and potential exploits to an adversary."
It's another example of the problems security companies face when they try to do business internationally, according to Reuters. "One reason Russia requests the reviews before allowing sales to government agencies and state-run companies is to ensure that U.S. intelligence services have not placed spy tools in the software."
Long-time Slashdot reader bbsguru has his own worries. "So, opening your code for review because it is demanded by a potential customer? What could possibly go wrong? HPE may find out, and the U.S. Military is among the many clients depending on the answer." -
White House Chief of Staff's Phone Was Reportedly Hacked Months Ago (reuters.com)
93 Escort Wagon writes: The personal cellphone belonging to Trump's Chief of Staff, John Kelly, may have been compromised, Reuters reports in a story originating from Politico. This may have happened as early as last December. The issue was discovered when Kelly submitted the phone to the White House's tech support crew during the summer, complaining that the phone would not update correctly. -
Chinese State Media Report Bloated Battery in Apple's iPhone 8 (reuters.com)
A fresh case of Apple's new iPhone popping open due to a swollen battery has been reported in state media in China, the world's biggest smartphone market where the U.S. firm is seeking to revive faltering sales. From a report: The incident comes as Apple investigates similar cases reported in Taiwan and Japan of batteries in its latest iPhone 8 Plus becoming bloated, causing the device's casing to open. On its website on Thursday, China's state-backed ThePaper.cn cited an iPhone buyer surnamed Liu as saying his newly purchased iPhone 8 Plus arrived cracked open on Oct. 5. There was no sign of scorching or an explosion. Liu told ThePaper he bought the handset through online marketplace of JD.com. He said he did not charge the new device and returned it to the seller. The fresh reports comes on the heels of another story last week where Apple claimed that it was looking into a similar matter. -
Boeing-Backed, Hybrid-Electric Commuter Plane To Hit Market In 2022 (reuters.com)
An anonymous reader quotes a report from Reuters: A Seattle-area startup, backed by the venture capital arms of Boeing and JetBlue announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022. The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km). Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky. In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft. Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs. -
US Senate Panel Approves Self-Driving Car Legislation (reuters.com)
An anonymous reader quotes a report from Reuters: The U.S. Senate Commerce Committee on Wednesday unanimously approved a bill to speed self-driving cars to market without human controls and bar states from imposing regulatory road blocks. The bill still must be approved by the full Senate. The U.S. House passed a similar version last month unanimously. General Motors Co, Alphabet Inc, Ford Motor Co and others have lobbied for the landmark legislation. Despite some complaints from Republicans, the Senate bill does not speed approval of self-driving technology for large commercial trucks after labor unions raised safety and employment concerns. The measure, the first significant federal legislation aimed at speeding self-driving cars to market, would allow automakers to win exemptions from current safety rules that prohibit vehicles without human controls. States could still set rules on registration, licensing, liability, insurance and safety inspections, but not performance standards. -
EU Takes Ireland To Court For Not Claiming Apple Tax Windfall (reuters.com)
Philip Blenkinsop, reporting for Reuters: The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple, a move labeled as "regrettable" by Dublin. The Commission ordered the U.S. tech giant in August 2016 to pay the unpaid taxes as it ruled the firm had received illegal state aid, one of a number of deals the EU has targeted between multinationals and usually smaller EU states. "More than one year after the Commission adopted this decision, Ireland has still not recovered the money," EU Competition Commissioner Margrethe Vestager said, adding that Dublin had not even sought a portion of the sum. -
Slack Locks Down Oracle Partnership Targeting Enterprises (reuters.com)
From a report: Slack Technologies has secured a partnership with Oracle to integrate the tech giant's enterprise software products into the popular workplace messaging app, the two companies told Reuters. The partnership is a victory for Slack as the young startup ramps up its efforts to win the business of large enterprises in an increasingly competitive marketplace that has seen the entry of Microsoft, Facebook and countless startups. "As you see all these large enterprise software companies looking at messaging as a major platform, they're looking to partner with us first and foremost," said Brad Armstrong, Slack's head of global business and corporate development. The partnership will allow workers to use Slack as the interface for Oracle's sales, human resources and business software. -
Facebook Says 10 Million US Users Saw Russia-linked Ads (reuters.com)
Some 10 million people in the United States saw politically divisive ads on Facebook that the company said were purchased in Russia in the months before and after last year's U.S. presidential election, Facebook said on Monday. From a report: Facebook, which had not previously given such an estimate, said in a statement that it used modeling to estimate how many people saw at least one of the 3,000 ads. It also said that 44 percent of the ads were seen before the November 2016 election and 56 percent were seen afterward. The ads have sparked anger toward Facebook and, within the United States, toward Russia since the world's largest social network disclosed their existence last month. Moscow has denied involvement with the ads. -
Equifax Says 2.5 Million More Americans May Be Affected By Hack (reuters.com)
According to Reuters, Equifax said about 2.5 million additional U.S. consumers may have been impacted by a cyber attack at the company last month. Last month, the company disclosed that personal details of up to 143 million U.S. consumers were accessed by hackers between mid-May and July.
As for what led to the breach, Ars Technica reports it was "a series of costly delays and crucial errors." From the report: Chief among the failures: an Equifax e-mail directing administrators to patch a critical vulnerability in the open source Apache Struts Web application framework went unheeded, despite a two-day deadline to comply. Equifax also waited a week to scan its network for apps that remained vulnerable. Even then, the delayed scan failed to detect that the code-execution flaw still resided in a section of the sprawling Equifax site that allows consumers to dispute information they believe is incorrect. Equifax said last month that the still-unidentified attackers gained an initial hold in the network by exploiting the critical Apache Struts vulnerability. -
Britain Opens Its First Subsidy-Free Solar Power Farm (reuters.com)
AmiMoJo quotes Reuters: Britain's first solar power farm to operate without a government subsidy is due to open in eastern England on Tuesday, as a sharp fall in costs has made renewable energy much more economical. Britain needs to invest in new energy capacity to replace aging coal and nuclear plants that are due to close in the 2020s. But it is also trying to reduce subsidies on renewable power generation... The 10 megawatt (MW) solar farm, in Clayhill, Bedfordshire, can generate enough electricity to power around 2,500 homes and also has a 6 MW battery storage facility on site. -
Hawaii Approves Telescope On Volcano Sacred To Indigenous People (reuters.com)
A new $1.4 billion telescope will be built atop a Hawaiian volcano indigenous people consider sacred. The team of scientists fighting for the telescope won approval from Hawaiian officials on Thursday after selecting the site and applying to build there in 2009. Reuters reports: The Hawaii Board of Land and Natural Resources voted 5-2 to allow construction of the Thirty Meter Telescope (TMT) on the summit of Mauna Kea on Hawaii's Big Island, state officials said in a statement. Astronomers consider the summit one of the world's best places to view the cosmos, while Native Hawaiians say the project would disturb holy ground crucial to their connection with ancestors and the heavens. A consortium of scientists initially received construction permits from state officials in 2011. In 2015, the Hawaii Supreme Court voided that decision, saying officials did not follow the proper procedures for a "contested case hearing." That forced the state board to re-evaluate the proposal with more input from opponents. The project calls for building one of the world's largest telescopes atop the dormant volcano. -
South Korea Bans Initial Coin Offerings (reuters.com)
An anonymous reader quotes a report from Reuters: South Korea's financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored. The decision to ban ICOs as a fundraising tool was made as the government sees such issues as increasing the risk of financial scams.
"Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing in South Korea as well," the regulator said in a statement after a meeting with the finance ministry, the Bank of Korea and the National Tax Service. "Stern penalties" will be issued on financial institutions and any parties involved in issuing of ICOs, the statement added, without elaborating further on the details of those penalties. -
Spanish Court Orders Google To Delete App Used For Catalan Independence Vote (reuters.com)
From a report: Catalonia's High Court on Friday ordered Google to delete an application that it said Catalan separatists were using to spread information about a disputed independence vote this Sunday. The court said the "On Votar 1-Oct" application on the Google Play smartphone app store opposed an order in September from Spain's Constitutional Court to suspend the referendum while it determined its legality. The court also ordered Google to block any future applications developed by the gmail address "Onvotar1oct@gmail.com', according to a written ruling. Nobody at Google in Spain was immediately available to comment. -
Chaos and Hackers Stalk Investors on Cryptocurrency Exchanges (reuters.com)
From a report: Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-laundering charges. He has pleaded not guilty. Wasyluk's project lost 750 bitcoins, currently worth about $3 million, and he believes he stands little chance of recovering any money. [...] Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the exchanges where virtual currencies are bought, sold and stored. These exchanges, which match buyers and sellers and sometimes hold traders' funds, have become magnets for fraud and mires of technological dysfunction, a Reuters examination shows, posing an underappreciated risk to anyone who trades digital coins. Huge sums are at stake.