Indictment Says $9 Million Stolen from Credit Card Processor

Several eastern Europeans and an unidentified accomplice were indicted by a federal grand jury for allegedly hacking into a computer network operated by the Atlanta-based credit card processing company RBS WorldPay and stealing $9 million. The indictment alleges that the group used sophisticated hacking techniques to compromise the data encryption that was used by RBS WorldPay to protect customer data on payroll debit cards.

  • Read the article: Atlanta Business Chronicle

  • EU Regulators Move Toward Blocking Oracle-Sun Deal

    Now Oracle may be about to get a taste of its own medicine, after EU regulators took a big step toward blocking its $7.4 billion deal to buy an ailing computer giant, Sun Microsystems. Oracle has spent much of the past decade lobbying to get European Union regulators to force one of its biggest competitors, Microsoft, to loosen its iron-like grip on software code and other intellectual property.

  • Read the article: The New York Times

  • Cyberwarfare Remains Top Priority for Obama

    Ten years ago, we were told that before too long it might be possible for a hacker with a computer to disable critical infrastructure in a major city and disrupt essential services, to steal millions of dollars from banks all over the world, infiltrate defense systems, extort millions from public companies, and even sabotage our weapons systems. Today it's not only possible, all of that has actually happened, plus a lot more we don't even know about.

  • Read the article: CBS News

  • Tagged.com Settles Suits Over E-mail Messages

    Tagged.com, the San Francisco-based social network that was criticized earlier this year for deceiving people into signing up for the service, has settled two separate lawsuits with the attorneys general of New York and Texas. From April to June of this year, the site sent 60 million messages to Internet users with personal entreaties to join the social network (e.g., "Brad has posted a private photo on tagged.com").

  • Read the article: The New York Times

  • Murdoch Vows to Pull News Articles from Google

    Rupert Murdoch says he will remove stories from Google's search index as a way to encourage people to pay for content online. In an interview with Sky News Australia, the mogul said that newspapers in his media empire -- including the Sun, the Times and the Wall Street Journal -- would consider blocking Google entirely once they had enacted plans to charge people for reading their stories on the web.

  • Read the article: The Guardian

  • Pharmaceutical Group Wants FDA to Adopt Online Safety Symbol

    A drug industry group urged the U.S. Food and Drug Administration to adopt a universal safety symbol for Internet content containing FDA-approved information about a medicine or medical device. The proposal from the Pharmaceutical Research and Manufacturers of America, which represents some of the biggest drug makers in the world, came ahead of an FDA public meeting on how FDA-regulated prescription drugs and medical devices are promoted in social media and on the Internet.

  • Read the article: Reuters

  • Parties Seek Extension in Google Books Settlement

    The parties to the Google book settlement, which would legalize the creation of a vast library of digital books, have asked the judge overseeing a revision of the agreement for an extension to this Friday, Nov. 13. At a hearing in October, Google and its partners at the Authors Guild and the Association of American Publishers outlined an aggressive timeline for modifying the agreement to satisfy the objections of the Justice Department and other critics.

  • Read the article: The New York Times

  • Glenn Beck Loses Ruling Over Domain Name

    An intellectual property organization has denied a request by Glenn Beck to take down a Web site with a domain name that the talk show host claimed improperly used his name and defamed his name. An arbitration panel for the World Intellectual Property Organization (WIPO), an agency within the United Nations, found that Isaac Eiland-Hall registered the URL glennbeckrapedandmurderedayounggirlin1990.com as a political statement and not as a bad faith effort to profit from Beck's name.

  • Read the article: PC Magazine

  • European Lawmakers Approve Internet User Protections

    European lawmakers agreed on new protections for Internet users, striking a compromise between national governments seeking to impose tough anti-piracy laws and consumer organizations that wanted to enshrine Internet access as an unassailable right. The agreement removes the last hurdle to passage of sweeping changes to European telecommunications law, which had been held hostage for six months by the standoff over Internet access.

  • Read the article: The New York Times