Trump to Limit Chinese Investments in U.S. High-Tech Industries

President Trump said that he would proceed with tariffs on $50 billion in Chinese imports and introduce new limits on Chinese investment in U.S. high-tech industries as part of a broad campaign to crack down on Chinese acquisition of U.S. technology. “The United States will implement specific investment restrictions and enhanced export controls for Chinese people and entities related to the acquisition of industrially significant technology,” the White House said in a brief statement.

Papua New Guinea Will Ban Facebook for One Month in 'Fake Users' Probe

The Papua New Guinean government will ban Facebook for a month in a bid to crack down on “fake users” and study the effects the website is having on the population.The communication minister, Sam Basil, said the shutdown would allow his department’s analysts to carry out research and analysis on who was using the platform, and how they were using it, admits rising concerns about social well-being, security and productivity.

Two Canadian Banks Report Possible Breaches of Customer Accounts

Two Canadian banks reported their customer accounts may have been breached. Bank of Montreal said some personal and financial information for fewer than 50,000 customers may have been stolen. Simplii Financial, an online-bank unit of Canadian Imperial Bank of Commerce, reported that information for roughly 40,000 customers may have been stolen.

Egyptian Court Orders YouTube Blocked for One Month

Egypt’s top administrative court ruled that regulators must block the video file-sharing site YouTube for one month over a video that denigrates the Prophet Mohammad, a lawyer who filed the case told Reuters. A lower administrative court had ordered that the Ministry of Communications and Information Technology block YouTube, owned by Google, in 2013 over the video, but the case was appealed and its ruling stayed during the appeal process.

Tech Industry Already Worried About Another European Privacy Law

The new European data privacy legislation is so stringent that it could kill off data-driven online services and chill innovations like driverless cars, tech industry groups warn. These industry alarms are not over the General Data Protection Regulation, or GDPR, a tough privacy law that just went into effect in the European Union; instead, the cause is an even stricter privacy law that’s pending called the ePrivacy Regulation, and it specifically protects the confidentiality of electronic communications.

Bill Would Require U.S. Tech Firms to Disclose Examinations by Adversaries

U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters. The bill, approved by the Senate Armed Services Committee, comes after a year-long Reuters investigation found software makers allowed a Russian defense agency to hunt for vulnerabilities in software that was already deeply embedded in some of the most sensitive parts of the U.S. government, including the Pentagon, the Federal Bureau of Investigation and intelligence agencies.

$1.2 Billion in Cryptocurrencies Stolen Since Early 2017, Report Says

Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group. The estimates were part of the non-profit group’s research on cryptocurrency and include reported and unreported theft.

After Uproar, Spotify to Restore Songs from Controversial Artists

Facing a rebellion among artists and even some of its own employees, Spotify Technology SA will partially walk back a move to punish musicians for their personal misconduct. The music-streaming giant has told artists, managers and record-label executives that it will eventually restore songs by XXXTentacion to playlists, according to people with knowledge of the matter.

Jury Orders Samsung to Pay Apple $539 Million in Phone Patent Case

Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies’ U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1 billion in a retrial of a case that originally produced a verdict of that amount in 2012, while Samsung argued it should pay only $28 million this time.

Justice Department Investigates Manipulation of Bitcoin Prices

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private.

Ukraine Says 500,000 Routers Infected for Russian Cyber Attack

Hackers have infected at least 500,000 routers and storage devices in dozens of countries, some of the world’s biggest cyber security firms warned, in a campaign that Ukraine said was preparation for a future Russian cyber attack. The U.S. Department of Homeland Security said it was investigating the malware, which targets devices from Linksys, MikroTik, Netgear Inc., TP-Link and QNAP, advising users to install security updates.

ACLU Wants Amazon to Stop Selling Facial Recognition Technology

The American Civil Liberties Union (ACLU) is demanding that Amazon stop selling facial recognition technology to the government after the rights group obtained documents showing how the technology giant is marketing the product to law enforcement. The ACLU and a coalition of rights groups on Tuesday sent a letter to Amazon CEO Jeff Bezos warning of the threat that such surveillance technology poses in the hands of police.

Yelp Renews European Antitrust Complaint Against Google

Yelp Inc. said it has renewed a European antitrust complaint against Alphabet Inc’s Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results. A similar complaint Yelp filed in 2014 has not led the European Union to issue a formal charge against Google, nor have letters and testimony to U.S. regulators led to charges.

Zuckerberg Answers (Some) Questions from European Parliament

European lawmakers barraged Facebook’s chief executive, Mark Zuckerberg, with a litany of questions about his company’s global power, its role in elections and its misuse of user data. One even raised the prospect of breaking up the social media giant. But the meeting in Brussels ended with members of the European Parliament complaining that Mr. Zuckerberg had used the session’s odd format to evade specific questions and just repeat statements he had made in the past.

Trump Uses Cell Phone Without Strong Security Features, Officials Say

President Donald Trump uses a White House cellphone that isn’t equipped with sophisticated security features designed to shield his communications, according to two senior administration officials -- a departure from the practice of his predecessors that potentially exposes him to hacking or surveillance. The president, who relies on cellphones to reach his friends and millions of Twitter followers, has rebuffed staff efforts to strengthen security around his phone use, according to the administration officials.

Many Emails Seeking Consent Under GDPR Called Unnecessary, Illegal

The vast majority of emails flooding inboxes across Europe from companies asking for consent to keep recipients on their mailing list are unnecessary and some may be illegal, privacy experts have said, as new rules over data privacy come into force at the end of this week. Many companies, acting based on poor legal advice, a fear of fines of up to €20m (£17.5m) and a lack of good examples to follow, have taken what they see as the safest option for hewing to the General Data Protection Regulation (GDPR): asking customers to renew their consent for marketing communications and data processing.