Milwaukee Bucks Report 'Serious' E-mail Scam

After a security breach with the Milwaukee Bucks in which players’ financial documents were released, the franchise has involved the NBA and National Basketball Players Association to investigate the scam that compromised private information, league sources told The Vertical. In an email sent to Milwaukee players, the franchise termed the issue as a “serious security incident” and took responsibility for an employee distributing 2015 IRS W-2 documents in an email scam in which team president Peter Feigin was impersonated, sources said.

Microsoft to Delete Content That Incites Terrorism

Microsoft is officially prohibiting users from posting anything that incites terrorist acts on its services, including Xbox Live, Outlook consumer version and document-sharing website Docs. In a blog post, the tech giant explained that it's taking these steps, because it has "a responsibility to run [its] various internet services so that they are a tool to empower people, not to contribute, however indirectly, to terrible acts."

Ecuadorean Bank Says It Lost $12 Million to Cyber Criminals

Cyber-criminals stole about $12 million from an Ecuadorean bank in a 2015 heist that bears all the hallmarks of later attacks against Bangladesh’s central bank and a small Vietnamese lender. Banco del Austro SA said in a lawsuit filed in New York against Wells Fargo & Co. that hackers got access to the codes the bank uses to move money via Swift, the global interbank network, and used them to transfer funds from the U.S. bank.

French Jewish Youth Group Sues Twitter, Facebook, Google

A French Jewish youth group sued Twitter Inc., Facebook Inc. and Google over how they monitor hate speech on the web, highlighting the challenge -- and potential costs -- for Internet platforms to regulate user-generated content. The lawsuit filed at a Paris court by the Jewish youth group called UEJF is seeking more clarity on who moderates social network posts and how it’s conducted.

Bezos Says Amazon Committed to Privacy Protection

Amazon chief executive Jeffrey Bezos said his company is wholly aligned with Apple in its fight against government investigators who asked Apple to break its own encryption programs so they could gain access the iPhone used by one of the San Bernardino, Calif., terrorists. Bezos said his company is also embracing that kind of technology that would make it difficult for government officials to gain access to any personal information on its devices — even when those authorities have a warrant.

Google Appeals French Order on 'Right to be Forgotten'

Alphabet Inc.'s Google appealed an order from the French data protection authority to remove certain web search results globally in response to a European privacy ruling, escalating a fight on the extra-territorial reach of EU law. In May 2014, the European Court of Justice (ECJ) ruled that people could ask search engines, such as Google and Microsoft's Bing, to remove inadequate or irrelevant information from web results appearing under searches for people's names -- dubbed the "right to be forgotten."

SEC Chair Calls for More Action to Guard Against Cyber Attacks

Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said, in one of the frankest assessments yet of the threat to Wall Street from digital attacks. Banks around the world have been rattled by a $81 million cyber theft from the Bangladesh central bank that was funneled through SWIFT, a member-owned industry cooperative that handles the bulk of cross-border payment instructions between banks.

British Banks Ordered to Increase Cybersecurity After Theft

The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal $81 million from Bank Bangladesh, according to three people familiar with the effort. The central bank sent the request to update cyber security measures to all banks it regulates in mid-to-late April, according to these people, who were not authorized to discuss the confidential communications.

China Reviews Foreign Technology Products for Security Threats

Chinese authorities are quietly scrutinizing technology products sold in China by Apple and other big foreign companies, focusing on whether they pose potential security threats to the country and its consumers and opening up a new front in an already tense relationship with Washington over digital security. Apple and other companies in recent months have been subjected to reviews that target encryption and the data storage of tech products, said people briefed on the reviews who spoke on the condition of anonymity.

Judge Won't Allow Mozilla to Intervene in Child Porn Case

A federal judge has rejected Mozilla Corp's request to force the U.S. government to disclose a vulnerability related to the Firefox web browser that the company says was exploited by the FBI to investigate users of a large and secretive child pornography website. U.S. District Judge Robert Bryan in Tacoma, Washington, declined to allow Mozilla to intervene in a case against a school administrator charged in the investigation, Jay Michaud.

Ukranian Hacker Pleads Guilty to Accessing Press Releases

A Ukranian hacker pleaded guilty to stealing unpublished news releases that helped a criminal network make $30 million by trading on nonpublic information about corporate earnings. Vadym Iermolovych, 28, admitted in federal court in Newark, New Jersey, that he worked with two other Ukranian hackers to steal 150,000 releases from computer networks at PR Newswire, Business Wire and Marketwired.

Europe Considers 3 Billion Euro Fine Against Google

Google faces a record-breaking fine for monopoly abuse within weeks, as officials in Brussels put the finishing touches to a seven-year investigation of company’s dominant search engine. It is understood that the European Commission is aiming to hit Google with a fine in the region of €3bn, a figure that would easily surpass its toughest anti-trust punishment to date, a €1.1bn fine levied on the microchip giant Intel.

Key Plaintiff Says He Doesn't Support Uber Settlement

A key plaintiff in a driver class action against Uber said he does not support a proposed settlement in which thousands of drivers would receive up to $100 million, but remain independent contractors instead of employees. Uber and smaller rival, Lyft, are attempting to settle lawsuits by drivers who contend they should be classified as employees and therefore entitled to reimbursement for expenses, including gasoline and vehicle maintenance.

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The GigaLaw Firm helps companies of all sizes protect their brands online, using domain name dispute policies – such as the Uniform Domain Name Dispute Resolution Policy (UDRP) – and other legal tools available to copyright and trademark owners on the Internet.