A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty. Arkadiy Dubovoy, who spoke Russian and used an interpreter, entered his plea to securities fraud, wire fraud and conspiracy charges in a brief appearance before U.S. District Judge Madeline Cox Arleo in Newark, New Jersey.
Men from all over central and north Florida were arrested in an undercover operation aimed at nabbing those trying to have sex with children over the Internet. Operation 'Panther' had 11 case agents pretending to be underage male and female teens online with between 100-200 contacts each, according to the Gainesville Police Department.
Computer-security firm Rapid7 Inc. tested nine popular Internet-connected baby monitors and found that three had major flaws allowing a hacker to view images from anywhere, even if the device owner followed good security procedures. All nine monitors had some kind of security problem, the researchers said. “We think we have a good picture of what security looks like in this market, and there are all kinds of failures,” said Mark Stanislav, a senior security consultant with Rapid7 who conducted the tests.
The U.K. National Crime Agency’s website was shut down by a massed online attack in apparent retaliation for arrests last week in its investigation into the Lizard Squad hacking group. NCA spokesman Matthew Niizeki confirmed the agency had been hit by a so-called Denial of Service attack, where a website is flooded with requests for information until it crashes.
Information about the Apple accounts of more than 200,000 iPhone users who "jailbroke" their phones has been stolen by cybercriminals who could use the data to lock the phones and hold them for ransom, according to Palo Alto Networks, a cybersecurity research firm. The malware behind the digital theft, dubbed "KeyRaider," has "successfully stolen over 225,000 valid Apple accounts and thousands of certificates, private keys, and purchasing receipts," Palo Alto researchers said in a blog post.
A French court awarded a woman more than $32,000 in compensation for suffering wrought by an allergy to Wi-Fi, reports Britain's The Times. It's the first time any court has recognized the markedly modern condition as a legitimate disability, potentially setting a precedent for future claims.
U.S. law firm and class action specialist Hausfeld launched a platform to help pursue claims against Google, posing a potential headache for the world's No. 1 Internet search engine amid its regulatory troubles in Europe. Hausfeld has coordinated various high-profile class action cases, including for companies affected by an air cargo pricing cartel, investors impacted by currency-rigging by banks and firms fighting fees levied by MasterCard and Visa Europe.
The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said. The officials, who spoke on condition of anonymity, said no final decision had been made on imposing sanctions, which could strain relations with Russia further and, if they came soon, cast a pall over a state visit by Chinese President Xi Jinping in September.
Russia is postponing a showdown with a handful of technology titans, including Facebook Inc., over installing data centers on Russian soil, handing an interim victory to companies that have resisted the divisive new rule. Ahead of a law that goes into effect Tuesday requiring companies to store and process data about Russian users within the country’s borders, Russian regulators have told companies such as Facebook, Google Inc. and Twitter Inc. that they don’t plan to check until at least January whether the companies are in compliance, executives and Russian officials said.
Flipkart, Facebook, Nokia's maps division, MakeMy-Trip.com and several other companies have corroborated complaints that U.S. Internet giant Google abused its dominant market position, in their response to queries raised by the Competition Commission of India. Based on the responses from 30 businesses spanning search, social networks, ecommerce, travel and content sites, the CCI director-general filed a report that accuses Google of abusing its dominant position to rig search outcomes, both the actual search result as well as sponsored links.
The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets. The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon -- perhaps even within the next two weeks, according to several administration officials, who spoke on the condition of anonymity to discuss internal deliberations.
Microsoft Corp. avoided a potentially costly setback to its mobile phone business as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April by a U.S. trade judge who found that Microsoft had infringed two InterDigital Inc wireless patents, and recommended an import ban.
Six British teenagers were arrested for allegedly using hacker-for-hire services in an attempt to take down corporate websites. The operation targeted users of an online service called Lizard Stresser, which offered to carry out “denial of service” attacks in exchange for Bitcoins, the U.K. National Crime Agency said. Among the companies hacked were Amazon.com Inc., Microsoft Corp. and Sony Corp., according to a person familiar with the investigation.
As Europeans take a lead globally in regulating the Internet and containing American tech companies, the Continent’s old media -- influential newspaper and magazine publishers -- are emerging as one of Google’s most persistent adversaries. With Google attracting attention and ad revenue that once funneled to publishers, the goal is clear: Find ways to make more money, by strengthening copyright rules and limiting Google’s power as an advertising platform.
A Virginia teenager behind a powerful pro-extremist Twitter account who helped a friend travel to Syria to join the Islamic State in Iraq and Syria (ISIS) was sentenced to 11 years in prison on Friday. Prosecutors framed the sentencing against 17-year-old Ali Shukri Amin as a demonstration of the federal government’s efforts to aggressively confront efforts by ISIS to spread its reach and recruit new members on social media, which officials say can fuel domestic extremism in the U.S.
The British songwriters’ performing rights organisation PRS for Music is suing SoundCloud. It is taking legal action against the streaming service for not paying songwriters royalties when their music is used on the site.
Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led the way in developing cyber defenses and some top fund managers have ramped up pressure on companies to do more, but the broader picture is less encouraging.
Nearly two years after their bombastic fairytale proposal in San Francisco's AT&T Park, Kanye West and Kim Kardashian have won a settlement from the tech pioneer who secretly filmed it for his flopping startup. West and Kardashian's suit against YouTube co-founder Chad Hurley will be dismissed once Hurley pays the couple $440,000.
Google Inc. rebuffed the European Union’s demand that it change the way it ranks online comparison-shopping services in its search results, setting up a potentially drawn-out legal battle between the search giant and a regulator empowered to levy billions of euros in fines. In a formal response to antitrust charges the EU filed this spring against the California company, Google said it has argued the bloc’s antitrust regulators erred in their analysis of the fast-changing online-shopping business, misconstrued Google’s impact on rival shopping-comparison services, and failed to properly back up their legal claims.
Germany's justice minister has accused Facebook of doing too little to thwart racist posts and hate comments on the social media platform and has proposed a meeting next month in Berlin with top officials from the company in Europe. In a letter to Facebook public policy director Richard Allan in Dublin obtained by Reuters, Heiko Maas said he had received many complaints from users that their protests on racist posts have been ignored.
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