Cyber security bill advances in Senate

By Patricia Zengerle WASHINGTON (Reuters) – A long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without fear of lawsuits advanced in the U.S. Senate on Thursday with support from members of both parties and the White House. Dozens of industry and business groups, including the U.S.

Read more

TalkTalk fears customer data may have been stolen in cyber attack

(Reuters) – British broadband supplier TalkTalk said private customer data, including credit card and bank details, may have been stolen in a “significant and sustained” cyber attack on its website. The company said it was working with cyber crime specialists and the Metropolitan police to establish the extent of information accessed in the breach on Wednesday. …

Read more

Better search rankings seen key to eBay’s growth

After a surprisingly strong quarter shorn of PayPal, further growth for eBay Inc will rest on its ability to make its website more visible to those searching for items to buy. EBay's shares rose as much as 13.5 percent on Thursday, a day after the company reported a better-than-expected profit for its first quarter since it spun off PayPal Holdings Inc, the payments processing business that had been its main engine of growth. At least seven analysts covering eBay's stock raised their price target, to a high of $33, while at least two cut their targets, to a low of $29.

Read more

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.

Read more

Intel says may invest up to $5.5 billion in China memory chip plant

(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production.

Read more

Senate considers controversial cyber security bill

By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern about lawsuits. Senate Republican Majority Leader Mitch McConnell said the Senate could pass the bill within days

Read more

Sony to pay up to $8 million in ‘Interview’ hacking lawsuit

Sony Pictures Entertainment Inc has agreed to pay up to $8 million to resolve a lawsuit by employees who claimed their personal data was stolen in a 2014 hacking tied to the studio's release of a comedy set in North Korea, “The Interview.” The settlement with the Sony Corp unit and current and former employees was disclosed in papers filed on Monday in federal court in Los Angeles. Under the deal, Sony will pay up to $2.5 million, or $10,000 per person, to reimburse employees for identity theft losses and up to $2 million, or $1,000 per person, to reimburse them for protective measures they took after the cyber attack. Sony has also agreed to pay up to $3.49 million to cover legal fees and costs, according to court papers.

Read more