U.S. and UK to test financial cyber-security later this month

The United States and Britain will test later this month how its regulators would respond if their financial sectors suffered a major cyber-attack or broader IT problems, a British official said on Monday. The test, for which no date has yet been set, will focus on how regulators for the world's two biggest financial centers in New York and London communicate in an emergency, a spokesman for British government cyber-security body CERT-UK said.

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South Africa’s Naspers to sell Czech online business for $201 mln

South African media firm Naspers will sell its holdings in two Czech online businesses for $201 million after failing to merge it with a Romanian internet retailer, the company said on Monday. Naspers, which started as an Afrikaans language newspaper publisher a century ago, said the disposal of online retailer Netretail and price comparison platform Heureka was part of a plan to optimise its group structure. After different strategies prevented Naspers from merging Netretail with Romania’s eMag, both of which it bought in 2012, the company said it decided to focus on eMag as its preferred e-tail platform in the region.

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TalkTalk hires BAE Systems to investigate cyber attack

By Kylie MacLellan LONDON (Reuters) – British broadband provider TalkTalk said on Sunday it had hired defense company BAE Systems to investigate a cyber attack that may have led to the theft of personal data from its more than 4 million customers. TalkTalk said on Friday it had received a ransom demand from an unidentified party for the attack, which has led to calls for greater regulation of how companies and public bodies manage personal data. “BAE Systems are supporting us as we investigate this week's cyber attack,” a spokeswoman for TalkTalk said, declining to give further details due to the ongoing investigation

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New deputy of Germany’s IG Metall says good work won her fans

By Georgina Prodhan and Ilona Wissenbach FRANKFURT (Reuters) – Christiane Benner has to think long and hard about how she became the most powerful woman in German trade unionism. Benner, 47, was picked this week as deputy leader of IG Metall, Germany's biggest trade union, which represents 2.3 million engineering and metal workers at companies including Volkswagen and Siemens

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Venezuela sues black market currency website in United States

By Andrew Cawthorne CARACAS (Reuters) – Venezuela’s Central Bank filed a lawsuit on Friday with allegations of “cyber-terrorism” against a U.S.-based website that tracks the OPEC member’s currency black market. The DolarToday site has enraged President Nicolas Maduro’s government by publishing a rate in Venezuelan bolivars for the greenback far higher than the three official levels under Venezuela’s 12-year-long currency controls. The lawsuit, in the U.S

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Twitter’s Dorsey says to give a third of his stock to employee equity pool

(Reuters) – Twitter Inc Chief Executive Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool. This move is to “reinvest directly in our people,” Dorsey, who was named as the company's permanent CEO earlier this month, said in a tweet on Thursday. Twitter could not be reached immediately for a comment outside regular business hours.

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Space age perils: hackers find a new battleground on the final frontier

By Ari Rabinovitch JERUSALEM (Reuters) – Space, the 'final frontier', is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival networks operating in the $330-billion space economy.

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