British police make fourth arrest in TalkTalk cyber attack

British police have made a fourth arrest in connection with a cyber attack on telecoms company TalkTalk (TALK.L) in which the company said bank details of more than 20,000 customers were hacked. A 16-year-old boy from Norwich in eastern England was in custody and his address was being searched, London police said in a statement on Tuesday. TalkTalk shocked customers last month when the broadband, TV, mobile and fixed-line service provider said it had been hacked, potentially putting the private details of its 4 million customers into the hands of criminals

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