EU can suspend new data transfer pact with U.S. if worried about privacy: Official

By Julia Fioretti BRUSSELS (Reuters) – A new data transfer pact between the European Union and Washington will give the EU the right to pull the plug on the deal if it fears the United States is not safeguarding privacy enough, the EU Justice Commissioner said on Thursday. A previous transatlantic data transfer framework, Safe Harbour, was struck down on Oct. 6 by the European Union's top court because of worries about mass U.S.

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Square IPO priced at 30 percent discount to last private funding

By Heather Somerville SAN FRANCISCO (Reuters) – Mobile payments company Square Inc set a price range on Friday for its highly anticipated initial public offering that values the company at up to $4.2 billion, a 30 percent discount to its valuation at its last fundraising round. San Francisco-based Square, which is headed by Twitter Inc Chief Executive Jack Dorsey, is one of the most prominent “unicorns,” or private companies valued at more than $1 billion, to make a public debut this year

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Judge dismisses Wikimedia lawsuit over NSA surveillance – report

A federal judge has dismissed a lawsuit by Wikimedia and other groups challenging one of the U.S. National Security Agency's mass surveillance programs, the Baltimore Sun reported. The lawsuit filed in federal court in Maryland, where the spy agency is based, said the NSA is violating U.S

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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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BlackBerry introduces security offering for IoT devices

BlackBerry Ltd said on Tuesday it is launching a new certificate service that will help bring the security level it offers on smartphones to a slew of devices from cars to smart meters. Certicom, a subsidiary of BlackBerry and an industry pioneer in elliptic curve cryptography, announced a new offering that it contends will secure millions of devices, expected to be part of the growing Internet of Things (IoT) sphere. The company said it has already won a contract in Britain to issue certificates for the smart meter initiative there with more than 104 million smart meters and home energy management devices

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State Department upgrades network security against cyber attacks

The State Department on Friday said it was upgrading the security of its unclassified computer network to defend against cyber attacks, leaving some employees unable to send outside emails or access the internet. Department spokeswoman Jen Psaki said the agency, which in November said it had suffered a cyber attack, was improving “the security of its main unclassified network during a short, planned outage of some Internet-linked systems.” The agency carried out an upgrade in November that also left workers unable to send outside emails or to get to the internet. In a brief statement, Psaki said the department continued to monitor “activity of concern” on its unclassified network but did not address whether there had been a recent, new attack that prompted the latest security upgrade.

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