Investors still in the dark as cyber threat grows

By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem.

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Top choice blocked for U.N. digital privacy investigator post

By Tom Miles GENEVA (Reuters) – The Estonian picked as the U.N.'s first digital privacy investigator was blocked on Friday by the German president of the Human Rights Council after activist groups said she would not be a strong enough critic of U.S. surveillance. Katrin Nyman-Metcalf was the candidate ranked first by a “consultative group” of five ambassadors – from Poland, Chile, Greece, Algeria and chaired by Saudi Arabia

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Canada government websites taken down in cyber attack

Several Canadian government websites and servers were taken down in a cyber attack on Wednesday, the government said, with the hacking group Anonymous taking responsibility in what it said was retaliation for a new anti-terrorism law passed by Canada's lawmakers. The general website for government services, canada.ca, as well as the site of Canada's spy agency, the Canadian Security Intelligence Service (CSIS), were among those affected.

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India IT behemoths revamp culture to attract young talent, battle start-ups

By Nivedita Bhattacharjee MUMBAI (Reuters) – India’s oldest and most distinguished IT firms are doing what would have been almost sacrilegious a few years ago – holding coding marathons to develop innovative fixes and deploying “commando” units to resolve clients’ IT woes within hours. Infosys , Wipro and other Indian IT giants, which rose to prominence during the outsourcing boom in the 1990s and 2000s, have struggled to keep pace with mushrooming start-ups. Client demands are similarly changing in India’s $147 billion IT outsourcing industry.

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