Yahoo's Top Lawyer Lost Job Over Data Breach

Yahoo’s CEO Marissa Mayer has gotten her pay docked — giving up a cash bonus from 2016 and a stock award for 2017 — for the massive breach of the Internet giant’s customer database. Yahoo’s head lawyer, Ron Bell, got bounced for not doing his job, said the company, which noted that the “Committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it.”

Court Vacates $533 Million iTunes Patent Award Against Apple

A federal appeals court has thrown out a jury verdict that had originally required Apple to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple's iTunes software infringed its data storage patents. The trial judge vacated the large damages award a few months after a Texas federal jury imposed it in February 2015, but the U.S. Court of Appeals for the Federal Circuit said the judge should have ruled Smartflash's patents invalid and set aside the verdict entirely.

Online Fraud Rises 35% in Past Year, Company Reports

Cyber criminals are using more complex methods to commit fraud by targeting online financial services and e-commerce websites, according to new research. ThreatMetrix, a California-based company that analyzes and blocks cybercrime attacks in real-time, said it detected 122 million fraud attempts worldwide in the final three months of 2016, representing a 35 percent spike over the previous year.

Financial Firms In New York Face New Cybersecurity Law

On March 1, new regulations go into effect in New York State, requiring that all regulated financial services institutions have a cybersecurity program in place, appoint a Chief Information Security Officer, and monitor the cybersecurity policies of their business partners. This first thing that firms need to do is conduct a comprehensive risk assessment, since that's the starting point for deciding how to deal with many of the previous regulations.

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New FCC Chair Calls Net Neutrality Rules a 'Mistake'

The new Republican head of the U.S. Federal Communications Commission promised "light-touch" regulation of areas such as the internet, a dramatic shift away from the Obama administration's approach to telecommunications oversight. Ajit Pai, whom President Donald Trump named in January to chair the FCC, said at the Mobile World Congress in Barcelona that the agency made a "mistake" in 2015 when it adopted landmark "net neutrality rules" reclassifying internet service like a public utility.

EU Official Wants Banks to Test for Cyber Attacks

European Union countries should test bank defenses against cyber-attacks using a common set of requirements, a senior EU official said, as the bloc plans measures to boost the retail market for financial products. Cyber attacks against banks have increased in numbers and sophistication in recent years, raising questions on lenders' capacity to protect their customers.

Supreme Court Considers Sex Offenders' Rights Online

A Supreme Court argument about whether North Carolina may bar registered sex offenders from using Facebook, Twitter and similar services turned into a discussion of how thoroughly social media have transformed American civic discourse. The justices’ remarks, which indicated easy familiarity with the major social media services, suggested that they would strike down the North Carolina law under the First Amendment.

Facebook May Find 'Huge Stumbling Block' in VR Case

Facebook's big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. Video game publisher ZeniMax Media asked a Dallas federal judge to issue an order barring Facebook unit Oculus from using or distributing the disputed code, part of the software development kit that Oculus provides to outside companies creating games for its Rift VR headset.

Use of Encryption Technology Spikes Amid Political Division

Poisonous political divisions have spawned an encryption arms race across the Trump administration, as both the president’s advisers and career civil servants scramble to cover their digital tracks in a capital nervous about leaks. The surge in the use of scrambled-communication technology — enabled by free smartphone apps such as WhatsApp and Signal — could skirt or violate laws that require government records to be preserved and the public’s business to be conducted in official channels, several ethics experts say.

Security Bug Leaked Info from Thousands of Websites

The security firm Cloudflare disclosed that a long-running bug in its security systems may have leaked information, including potentially personal information, from thousands of sites including Uber, Fitbit and OKCupid. The service had been leaking information for months in a way that allowed search engines to pick it up, according to Cloudflare.

Qualcomm Looks to Samsung Arrest to Help Antitrust Fine

The corruption scandal rocking South Korea has given Qualcomm Inc. another way to challenge a big antitrust fine threatening its most profitable business. Jay Y. Lee, heir to the top job at Samsung Group, was arrested on allegations he was involved in paying billions of won to a friend of South Korean President Park Geun-hye, in exchange for government support of his succession.

Waymo Sues Uber for Trade Secret Theft on Self-Driving Cars

Alphabet Inc.’s self-driving car business, Waymo, sued Uber Technologies Inc. for stealing trade secrets in the development of autonomous cars, accelerating an already-heated rivalry over the nascent technology. The lawsuit, filed in San Francisco federal court, accuses several employees of Otto, a self-driving startup Uber acquired in July, of lifting technical information from Google’s autonomous car project.

Fashion Site Poshmark Says Hackers Stole Funds from Accounts

Online fashion marketplace Poshmark Inc. said hackers targeted its systems and used stolen usernames and passwords to drain funds from some of its user accounts in recent days. The Redwood City, Calif., company, which functions as an online consignment shop, said several hundred active accounts were compromised and the site plans to reimburse anyone who was affected.

Google Launches Tool to Help Publishers Identify 'Toxic' Comments

Alphabet Inc.'s Google. and subsidiary Jigsaw launched a new technology to help news organizations and online platforms identify abusive comments on their websites. The technology, called Perspective, will review comments and score them based on how similar they are to comments people said were "toxic" or likely to make them leave a conversation.