Obama administration to press China on cyber theft: Lew

WASHINGTON (Reuters) – The Obama administration is deeply concerned about cyber theft of commercial secrets sponsored by foreign governments and plans to take the matter up with Chinese officials at high-level talks this week, Treasury Secretary Jack Lew said on Tuesday. “We remain deeply concerned about government-sponsored cyber theft from companies and commercial sectors,” Lew said in prepared remarks at the opening of the U.S.-China Strategic and Economic Dialogue

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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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