VTech hack exposes ID theft risk in connecting kids to Internet

By Jim Finkle and Jeremy Wagstaff BOSTON/SINGAPORE (Reuters) – Parents who gave their child a Kidizoom smartwatch or a VTech InnoTab tablet may have exposed them to identity theft after Hong Kong-based VTech said hackers stole the personal information of more than 6 million children. Shipments of toys that connect to the Internet will rise 200 percent over the next five years, according to estimates by UK-based Juniper Research. It's not clear what the motive was for the VTech breach nor whether it has resulted in any identity theft so far

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EU charges seen unlikely to hurt Google valuation

The European Union’s charges against Google Inc for distorting Web search results to favor its own shopping service are unlikely to hurt the company’s valuation, analysts said. The charges, which come after a five-year investigation, could lead to a fine of up to 10 percent of Google’s annual sales, or about 6.2 billion euros ($6.6 billion).

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EU antitrust regulators to investigate ecommerce

By Foo Yun Chee and Rene Wagner BERLIN (Reuters) – European Union regulators plan to investigate ecommerce to help remove barriers to cross-border trade in the 28-nation bloc, the EU's antitrust chief said, a move that may lead to action against companies which deliberately block online sales. European Competition Commissioner Margrethe Vestager said she decided to launch the year-long inquiry because such hurdles were hampering the growth of online sales. According to the European Commission, while one in two EU consumers shopped online last year, just 15 percent bought a product online in another EU country because of restrictions such as language, different laws and anti-competitive behavior, “It is high time to remove remaining barriers to ecommerce, which is a vital part of a true Digital Single Market in Europe,” Vestager told reporters at a conference organized by the German competition authority on Thursday

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