Daily fantasy sports websites DraftKings and FanDuel are agreeing to pay $6 million each to settle allegations from New York's attorney general over false advertising. “Today’s settlements make it clear that no company has a right to deceive New Yorkers for its own profit,” New York Attorney General Eric Schneiderman said in a statement announcing the settlement.
Governments pay a significant price when they disrupt access and connectivity to the Internet because such shutdowns undermine economic growth, jeopardize lives, and erode confidence, Brookings Institution said in a study. Between July 1, 2015 and June 30, 2016, 81 temporary internet blackouts in 19 countries cost those economies at least $2.4 billion, Darrell M. West, director of governance studies and founding director of Brookings’ Center for Technology Innovation, wrote in the report.
Some have worried that the massive cyberattack that disrupted the Internet was the work of Russian government-backed hackers, politically motivated hacktivists or sophisticated cybercriminals. But researchers at cyber-intelligence firm Flashpoint say the Internet meltdown may have been carried out by amateurs who haunt a popular hacking forum.
A widely expected legal challenge has been filed by an Irish privacy advocacy group to an EU-U.S. commercial data transfer pact underpinning billions of dollars of trade in digital services just two months after it came into force, sources said. The EU-U.S. Privacy Shield was agreed earlier this year after the European Union's highest court struck down the previous such framework for transferring Europeans' private data to the United States on concerns about intrusive U.S. surveillance.
The U.S. government told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose "a significant threat" to the U.S. financial system. The U.S. government has long required banks to submit confidential reports known as suspicious activity reports, or SARs, in fraud cases involving at least $5,000.
Obama administration officials briefed key congressional staffers about a secret court order to Yahoo that prompted it to search all users’ incoming emails for a still undisclosed digital signature, but they remain reluctant to discuss the unusual case with a broader audience. Executive branch officials spoke to staff for members of the Senate and House of Representatives committees overseeing intelligence operations and the judiciary, according to people briefed on the events, which followed Reuters’ disclosure of the massive search.
Hundreds of owners of Samsung Electronics Co.’s fire-prone Galaxy Note 7 filed a class-action lawsuit demanding compensation. Also, a South Korean investment advisory firm recommended shareholders vote against Vice Chairman Jay Y. Lee joining the board, in the strongest public opposition so far to the heir-apparent’s ascension.
For nearly eight years, the presidency has been Barack Obama’s science and technology playground, a place where he sought to become the advocate in chief for industries pushing advanced batteries, powerful medical devices and cutting-edge research. With less than three months left in his presidency, Mr. Obama is preparing for a life after the White House that will most likely include a close relationship with Silicon Valley.
Obama administration officials sought to reassure the public that it was taking steps to counter new types of cyber attacks such as the one Friday that rendered Twitter, Spotify, Netflix and dozens of other major websites unavailable. The Department of Homeland Security said it had held a conference call with 18 major communication service providers shortly after the attack began and was working to develop a new set of “strategic principles” for securing internet-connected devices.
Short-selling firm Muddy Waters said in a legal filing that outside experts it hired validated its claims that St. Jude Medical Inc cardiac implants are vulnerable to potentially life-threatening cyber attacks. U.S. regulators responded by reiterating previous advice that patients should keep using the devices, and a St. Jude spokeswoman said the company would respond "through appropriate legal channels."
Alphabet unit Google has been given an extra week to formally respond to allegations by the European Commission that it was blocking rivals in online search advertising, a move likely to delay a regulatory decision on the case until next year. The deadline has been extended to Nov. 3 from Oct. 26, European Commission spokesman Ricardo Cardoso said, making it the second extension.
An American vigilante hacker -- who calls himself "The Jester" -- has defaced the website of the Russian Ministry of Foreign Affairs in retaliation for attacks on American targets. The Jester gained access to the Russian government ministry's website and left a message: Stop attacking Americans.
A Russian man accused of breaking into computer systems at three internet companies in 2012 has been indicted by a federal grand jury in Oakland, Calif. Yevgeniy Aleksandrovich Nikulin, 29, was arrested this month while vacationing with his girlfriend in the Czech Republic on charges that he hacked into computer networks at LinkedIn, Dropbox and Formspring, damaged computers and conspired to traffic in stolen information.
Some of Republican presidential candidate Donald Trump’s posts on Facebook have set off an intense debate inside the social media company over the past year, with some employees arguing certain posts about banning Muslims from entering the U.S. should be removed for violating the site’s rules on hate speech, according to people familiar with the matter. The decision to allow Mr. Trump’s posts went all the way to Facebook Inc. Chief Executive Mark Zuckerberg, who ruled in December that it would be inappropriate to censor the candidate, according to the people familiar with the matter.
Major websites were inaccessible to people across wide swaths of the United States after a company that manages crucial parts of the internet’s infrastructure said it was under attack. And in a troubling development, the attack appears to have relied on hundreds of thousands of internet-connected devices like cameras, baby monitors and home routers that have been infected — without their owners’ knowledge — with software that allows hackers to command them to flood a target with overwhelming traffic.
Even a president-elect needs to send email. And as a result of the stolen email messages released by WikiLeaks, we now know what President Barack Obama's email address was during the presidential transition at the end of the 2008 campaign: bobama@ameritech.net.
In a federal lawsuit, Apple asserted that nearly all the iPhones, chargers and cables it surreptitiously purchased from online retailer Amazon were fakes. "As part of its ongoing brand protection efforts, [Apple] has purchased well over 100 iPhone devices, Apple power products, and Lightning cables sold as genuine by sellers on Amazon.com and delivered through Amazon's 'Fulfillment by Amazon' program," Apple's complaint said of a nine-month operation.
An adviser to the European Union’s highest court has thrown his weight behind Intel Corp.’s appeal against a decision by the bloc’s antitrust regulator to fine the chip maker €1.06 billion ($1.17 billion) for abusing its dominant market position. The adviser to the European Court of Justice said that a lower court erred in its 2014 judgment when it threw out the U.S.-based firm’s appeal to the decision “in its entirety.”
File-hosting service Dropbox has been targeted in a patent infringement lawsuit by software company Rosebud. The claim, which was filed at the U.S. District Court for the District of Delaware, accuses Dropbox of infringing a patent that covers software that facilitates collaborative work between two computers operating on the same network.
Microsoft Corp, still stung by accusations that it installed "back doors" for the U.S. government to access customers' communications, opened a center in Brazil where officials will be able to inspect its programming code, in an attempt to allay suspicions in the region that its software programs are vulnerable to spying. Behind reinforced walls and with strict security settings, the world's biggest software company showed off its fourth 'Transparency Center' in Brasilia, where experts from Latin American and Caribbean governments will be able to view the source code of its products.
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