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Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman/Files   DHAKA A Bangladesh government-appointed panel investigating the theft of $81 million from the country’s central bank has found that SWIFT, the international banking payments network, committed a number of mistakes in connecting up a local network, the panel head said on Sunday.   “We have shown that SWIFT […]

A security guard keeps watch as he walks past a logo of Google at an exhibition stage during the 4th China (Shanghai) International Technology Fair 2016 in Shanghai, China, April 21, 2016. Reuters/Aly Song   LONDON Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.   The European Union […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo After an $81 million cyber heist at the Bangladesh central bank, the Federal Reserve Bank of New York said there was no problem with its procedures for approving fund transfers, according to a letter released on Friday by a U.S. lawmaker who had questioned those methods. U.S. Representative Carolyn Maloney had […]

SAN FRANCISCO Apple Inc’s (AAPL.O) $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple’s investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, […]

A new study from Microsoft has found that organizations now rely more on digital infrastructures than they do on physical infrastructures. The findings indicate that cloud deployment models have now overtaken any other type of deployment in the technology sector, according to the company, which asked tech research firm 451 Research to conduct the study. “As organizations prepare for major business and technology changes, they will depend […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyber heist at the Bangladesh central bank. The second case targeted a commercial bank, SWIFT spokeswoman Natasha […]

  Reuters/Ralph Orlowski/Files   FRANKFURT The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper on Thursday.   Attackers earlier this year stole $81 million from a Bangladesh central bank account at the New York Fed in one of the biggest-ever cyber […]

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The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo FRANKFURT SWIFT’s payment network was not hacked in the $81 million heist on the Bangladesh central bank earlier this year, SWIFT’s chief executive said on Thursday, adding it was unlikely to be the last such attack on a bank. Gottfried Leibbrandt said SWIFT’s network, used by firms and institutions across the […]

A man is seen next to a Firefox logo at a Mozilla stand during the Mobile World Congress in Barcelona, February 28, 2013. Reuters/Albert Gea Mozilla Corp has asked a federal judge to order the U.S. government to disclose a vulnerability in its Firefox web browser that the company says the FBI exploited to investigate users of a large and secretive child pornography website. Mozilla filed papers […]

|By Matein Khalid| The April payrolls data demonstrated that US economic growth has hit a soft patch. The US economy only added 160 jobs in April, less than the expected 203,000 average in the first three months of 2016. One disappointing data point does not imply a macroeconomic trend reversal since the US economy added 2.8 million jobs between March 2015 and March 2016. Statistical and measurement errors […]

The workplace chat app Slack is making a move to leave a mark on enterprise apps of all kinds. Today, the company announced that it’s rolling out a new feature called Sign in with Slack. The feature lets Slack users sign into and use other apps with the same identities they use with Slack. Sign in with Slack is a way to keep teams connected across the […]

Separate investigations by the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) have been launched into how smartphone makers and wireless service providers handle device security updates for their customers. Following a resolution adopted by FTC commissioners Friday, the agency is ordering eight mobile device companies to submit information about how and when they decide to issue security patches for vulnerabilities. The companies that must […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official […]

Security analyst Rachit Sood (R) registers for the Black Hat USA 2015 cyber security conference in Las Vegas, Nevada August 4, 2015. Reuters/ STEVE MARCUS/Files SAN FRANCISCO A number of young technology security companies are losing access to the largest collection of industry analysis of computer viruses, a setback industry experts say will increase exposure to hackers. The policy change at the information-sharing pioneer VirusTotal takes aim […]

We use them every day, and they’re crucially important — yet, far too often we’re lazy and careless about them. Passwords, and the importance of keeping them secure, are once again in the news after word emerged Wednesday of a data breach that put more than 272 million passwords and account credentials at risk. Milwaukee-based cybersecurity firm Hold Security reported that a Russian hacker had offered a […]

|By Matein Khalid| Habib Bank Ltd is one of the Pakistan’s oldest, biggest retail/corporate banks, privatized last year with a 51% controlling stake held by the Aga Khan Fund for Economic Development. Its recent price fall from 240 to 172 rupees (PKR, not INR!) is a compelling opportunity to own an undervalued, well managed proxy for consumption and credit offtake in a 190 million population country now […]

1Malaysia Development Bhd. defaulted on a $1.75 billion bond this week. It missed a $50 million interest payment amid a dispute with Abu Dhabi’s sovereign wealth fund over who is required to make the payment. The default is the latest episode in financial scandals that have rocked 1MDB, already a target of  of global investigations into allegations of money laundering and embezzlement. Abu Dhabi’s International Petroleum Investment […]

A man is seen near cyber code and the U.S. National Security Agency logo in this photo illustration taken in Sarajevo March 11, 2015. Reuters/Dado Ruvic SAN FRANCISCO Internet traffic to Wikipedia pages summarizing knowledge about terror groups and their tools plunged nearly 30 percent after revelations of widespread Web monitoring by the U.S. National Security Agency, suggesting that concerns about government snooping are hurting the ordinary […]

DUBAI // New routes will soon open up around conflict zones for flights across the Middle East in an aim to redesign and improve the region’s airspace. With crises raging in Syria and Iraq, commercial flights have been affected with longer routes and more heavier traffic on those routes to avoid war-zones. “The Civil Aviation Authority has weekly meetings to table issues between civilian and military aircraft […]

By MICHAEL D. SHEAR April 25, 2016 HANOVER, Germany — The United States will significantly increase the number of military personnel, including Special Forces, in Syria to fight the Islamic State, President Obama said on Monday as he concluded a six-day trip to the Middle East, Britain and Germany. Mr. Obama, whose comments came in a speech in which he pressed for European unity, said that he would add 250 […]

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman unveiled his “Saudi Vision 2030” to reduce the kingdom’s reliance on oil. The blueprint, approved by King Salman, includes plans to sell less than 5 percent of Saudi Arabian Oil Co., or Aramco, the creation of the world’s largest sovereign wealth fund and raising non-oil revenue. Here’s a guide to the main elements of the plan, announced on Monday […]

Verizon Deploys OpenStack NFV in 5 U.S. Data Centers Working with Big Switch Networks, Dell and Red Hat, Verizon said it has just wrapped up “the industry’s largest-known” network functions virtualization (NFV) OpenStack cloud deployment across five of its data centers in the U.S. NFV enables network services typically provided by separate devices like routers, firewalls and load balancers to be delivered through a virtual machine environment. […]

By TIM ARANGO April 25, 2016 BAGHDAD — Iraqi forces, backed by American airstrikes and advised by American officers, have been making strides in Anbar Province, slowly taking back territory from the Islamic State. But in Falluja, a city in Sunni-dominated Anbar that has been in the hands of the Islamic State longer than any other in Iraq or Syria, civilians are starving as the Iraqi Army and militias […]

NASA and the U.S. Department of State were among the federal agencies that received low marks on IT security, according to a recent report card issued by the New York-based firm Security Scorecard. Also receiving low grades were the states of Connecticut, Pennsylvania and Washington. The 2016 U.S. Government Cybersecurity Report, released earlier this month, analyzed the cybersecurity vulnerabilities of some 600 local, state and federal government […]

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