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AUSTRAC bill Economy government security Top News 

Australia proposes stronger money laundering rules, includes bitcoin

August 17, 2017 SYDNEY (Reuters) – Australia announced a bill on Thursday to strengthen its money laundering laws, including bringing bitcoin providers under the remit of AUSTRAC, the government’s financial intelligence unit. This would be the first stage of reforms to strengthen the country’s Anti-Money Laundering And Counter Terrorism Financing Act, Minister of Justice Michael Keenan said in a press release. The bill also aims at bolstering AUSTRAC’s investigation and enforcement powers, just days after the agency accused the Commonwealth Bank of Australia of “serious and systemic” breaches of money…

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Bengaluru Editing Business Laharee Chatterjee security 

Cisco’s security business revenue misses estimates, shares drop

August 17, 2017 By Laharee Chatterjee and Salvador Rodriguez (Reuters) – Cisco Systems Inc’s quarterly revenue in its closely-watched security business missed analysts’ estimates, raising concerns about the world’s largest networking gear maker’s efforts to transform into a software-focused company. The company’s shares fell about 2.5 percent in after-hours trading on Wednesday. With its traditional business of making switches and routers struggling, Cisco, like other legacy technology firms, has been focusing on high-growth areas such as security, the Internet of Things and cloud computing. The security business, which offers firewall…

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Business Federal Trade Commission security U.S. Uber 

Uber settles U.S. allegations over privacy, security: FTC

August 15, 2017 WASHINGTON (Reuters) – U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims. In its complaint, the FTC alleged Uber did not, as it claimed, monitor employee access to customer and driver data. Uber had developed a system to monitor employee access in December 2014, but the company stopped using the system less than a year after it was put…

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Economy month rates security Top News U.S. 

Oil prices steady after overnight tumble on dollar strength, China concerns

August 15, 2017 By Fergus Jensen SINGAPORE (Reuters) – Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 13 cents, or 0.3 percent, at $50.86 at 0325 GMT. That was just above their 100-day moving average, briefly breached in the previous session. U.S. West Texas Intermediate crude futures were up 7 cents, or 0.2 percent,…

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Apple Inc Business China Guizhou security U.S. 

China’s Guizhou province to oversee Apple’s data project

August 14, 2017 SINGAPORE (Reuters) – China’s Guizhou province, where Apple Inc has set up its first data center in the country, plans to create a working committee chaired by communist party members to oversee the U.S. company’s iCloud facility. China has started to police the Internet more closely and introduced a new cyber security law on June 1 that imposes tougher controls over data than in Europe and the United States, including mandating that companies store all data within China and pass security reviews. The Guizhou government said on…

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Business cyber Kaspersky Lab Microsoft security 

Kaspersky Lab to withdraw Microsoft antitrust complaints

August 10, 2017 By Dustin Volz SAN FRANCISCO (Reuters) – Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Windows users. Both companies simultaneously announced a resolution to nearly a year of disputes that included Kaspersky alleging that Microsoft had erected unfair obstacles for independent security vendors on its Windows 10 operating system. Kaspersky Lab in June accused Microsoft of abusing its dominance in the personal…

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classified security Tech Top News U.S. military United States 

Military can destroy drones over domestic U.S. bases: Pentagon

August 7, 2017 WASHINGTON (Reuters) – The Pentagon has given more than 130 U.S. military bases across the United States the green light to shoot down private and commercial drones that could endanger aviation safety or pose other threats. The number of uncrewed aircraft in U.S. skies has zoomed in recent years and continues to increase rapidly – along with concern among U.S. and private-sector officials that dangerous or even hostile drones could get too close to places like military bases, airports and sports stadiums. While the specific actions that…

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cyber government security Tech Top News UK 

UK government sets out tougher guidelines to protect smart cars from hackers

August 6, 2017 LONDON (Reuters) – The British government issued new guidelines on Sunday requiring manufacturers of internet-connected vehicles to put in place tougher cyber protections to ensure they are better shielded against hackers. The government said it was concerned that smart vehicles, which allow drivers to do things such as access maps and travel information, could be targeted by hackers to access personal data, steal cars that use keyless entry systems, or take control of technology for malicious reasons. The new guidelines will also ensure that engineers seek to…

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cyber FBI Marshall Service security Tech Top News 

Cyber expert who stopped ‘WannaCry’ attack arrested in U.S. on hacking charges

August 4, 2017 By Dustin Volz and John L. Smith SAN FRANCISCO/LAS VEGAS (Reuters) – A cyber security researcher widely credited with helping to neutralize the global “WannaCry” ransomware attack earlier this year has been arrested on unrelated hacking charges, according to court documents unsealed on Thursday. Marcus Hutchins, a 23-year-old British-based malware researcher who gained attention in May for detecting a “kill switch” that effectively disabled the WannaCry worm, was detained by the FBI in Las Vegas on Wednesday, a U.S. Justice Department spokesman said. He was among tens…

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Bengaluru Editing cyber security Tech Top News 

Symantec raises FY revenue forecast above estimates

August 2, 2017 (Reuters) – Symantec Corp raised its full-year adjusted revenue forecast above analysts’ estimates as the cyber security provider benefits from strong demand in its enterprise division. Shares of the Norton antivirus maker were up 2.5 percent at $32 in after-hours trading on Wednesday. Revenue in Symantec’s enterprise security division, its biggest by sales, jumped 34 percent to $646 million in the first quarter. The company is getting a lift from a spate of cyber attacks since the “WannaCry” incident in May that infected more than 300,000 computers…

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