Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in Japan, focusing attention on the digital currency’s risks. The company, which had revenue of 135 million yen ($1.33 million) in the year ended March, applied in Tokyo District Court today with debt exceeding its assets by 2.7 billion yen, Mt. Gox said in a statement.
A German court dismissed a lawsuit filed against Apple by German patent manager IPCom claiming 1.57 billion euros ($2.15 billion) in damages.
Drivers in California can legally read a map on their hand-held cellphones while behind the wheel, a state appeals court ruled. The 5th District Court of Appeal reversed the case of a Fresno man who was ticketed in January 2012 for looking at a map on his iPhone 4 while stuck in traffic.
A U.S. judge said some plaintiffs accusing Google of improperly scanning their email faced a significant hurdle in their attempt to move forward with the lawsuit as a class action. Litigation brought by nine plaintiffs, some Gmail users, some not, was consolidated before U.S. District Judge Lucy Koh in San Jose, California, last year.
President Xi Jinping is presiding over a new working group on cybersecurity and information security, China announced, a sign that the Communist Party views the issue as one of the country’s most pressing strategic concerns. The government said Mr. Xi and two other senior leaders, Prime Minister Li Keqiang and Liu Yunshan, a member of the Politburo Standing Committee, would help draft national strategies and develop major policies in a field that might include protecting national secrets and developing cyberdefenses, among other goals.
A British man has been charged with hacking into computer servers belonging to the U.S. Federal Reserve, and then widely disclosing personal information of people who use them. The charges against Lauri Love were announced four months after he was arrested in England, and accused by U.S. and British authorities of hacking into various U.S. government computer systems, including those run by the military.
Federal Reserve Chairwoman Janet Yellen said the central bank doesn’t have the authority to regulate bitcoin. “This is a payment innovation that is taking place entirely outside the banking industry and to the best of my knowledge there is no intersection at all” between bitcoin and banks that the Fed can oversee, Ms. Yellen said in testimony before the Senate Banking Committee.
The European Commission is to hold talks with Apple, Google, and app writers, saying consumers need better protection against “unexpected costs” from in-app purchases on tablets and smartphones which can rack up bills of thousands of pounds. The EC’s justice minister Viviane Reding and consumer policy commissioner Neven Mimica will lead meetings in which they will look at whether it is misleading to classify games as “free” if in-app purchases are needed to make progress.
Britain's surveillance agency GCHQ, with aid from the U.S. National Security Agency, intercepted and stored the webcam images of millions of Internet users not suspected of wrongdoing, secret documents reveal. GCHQ files dating between 2008 and 2010 explicitly state that a surveillance program codenamed Optic Nerve collected still images of Yahoo webcam chats in bulk and saved them to agency databases, regardless of whether individual users were an intelligence target or not.
Google must take down a controversial anti-Muslim video on YouTube that sparked protests across the Muslim world because keeping it on the website violates the rights of an actress who sued after she was allegedly duped into appearing in the film, a divided federal appeals court ruled. In a 2-1 decision, the 9th U.S. Circuit Court of Appeals rejected Google's arguments that being forced to take down the video, "Innocence of Muslims," would be a prior restraint that would violate the company's First Amendment protections.
A cybersecurity firm said that it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets, though it is unsure where they came from or what they can be used to access. The discovery could represent more of a risk to consumers and companies than stolen credit card data because of the chance the sets of user names and passwords could open the door to online bank accounts, corporate networks, health records and virtually any other type of computer system.
Apple filed papers telling a federal appeals court in New York that a judge's finding it violated antitrust laws by manipulating electronic book prices "is a radical departure" from modern antitrust law that will "chill competition and harm consumers" if allowed to stand. Apple filed its formal written arguments before the Second U.S. Circuit Court of Appeals, asking the appeals court to overturn the judgment in Apple's favor, or grant a new trial in front of a different judge.
Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said. In the attacks -- technically known as distributed denial of service attacks -- hackers overwhelmed bitcoin exchanges by sending them thousands of phantom transactions.
As school districts around the country increasingly turn to online educational services that can collect and analyze details about how individual students learn, some parents and legislators have been raising questions about whether the personal information collected by such programs is federally protected from being shared or sold by technology vendors. Now, the Department of Education weighed in with an answer long awaited across the nearly $8 billion prekindergarten through 12th-grade education software industry: “It depends.”
In the battle between enterprises and malicious hackers, the bad guys are clearly winning, judging by the sheer number of people and exhibitors at the RSA security conference in San Francisco. With an estimated 30,000 attendees and more than 400 exhibitors, RSA 2014 is the biggest event since its launch as a conference for cryptographers in 1991.
Facebook Inc.’s plan to buy WhatsApp Inc. for as much as $19 billion risks triggering privacy probes across the European Union as watchdogs seek to know how the mobile-messaging startup’s treasure trove of client data will be used, the European Union’s top privacy regulator said. The biggest Internet acquisition in more than a decade may spur interest from authorities who so far ignored the emergence of WhatsApp, said Jacob Kohnstamm, who leads a group of EU privacy officials known as the Article 29 Data Protection Working Party as well as the Dutch agency already investigating the 450-million client company.
Apple issued an update for its OS X software for Mac computers to patch a security risk first spotted in its mobile operating system. The company said the software addresses a flaw that allows a would-be attacker to intercept data to or from a Mac computer, such as email.
Candy Crush Saga maker King has abandoned its attempt to trademark the word “Candy” in the U.S. after acquiring the rights to a “Candy Crusher” trademark filed by Harrier Software last year. Officially, at least, getting Candy Crusher out of the way was the reason King, which recently filed for an IPO on the New York Stock Exchange, dropped the trademark filing.
A House of Representatives committee with broad investigative jurisdiction has turned up the heat on Target Corp, demanding that the No. 3 U.S. retailer turn over internal documents and messages describing how and when it learned of a recent massive consumer data breach. In a letter made available to Reuters, the House Committee on Oversight and Government Reform requested that Target turn over all documents or communications generated between November 1 and December 13, in which Target employees or "agents" discuss "any suspicion" that a data breach had occurred.
Google is lobbying officials in at least three U.S. states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology. Some eight U.S. states are considering regulation of Google Glass, a tiny computer screen mounted in the corner of an eyeglass frame
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