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As attacks grow, EU mulls banking stress tests for cyber risks

Mon, 23 Jan 2017 06:43:19 -0500

BRUSSELS (Reuters) - The European Union is considering testing banks' defenses against cyber attacks, EU officials and sources said, as concerns grow about the industry's vulnerability to hacking.(image)

Samsung says batteries caused Note 7 fires, may delay new phone launch

Mon, 23 Jan 2017 06:48:39 -0500

SEOUL (Reuters) - Samsung Electronics Co Ltd indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices.(image)

Xiaomi executive Barra, who drove smartphone maker's global push, steps down

Mon, 23 Jan 2017 06:16:50 -0500

BEIJING (Reuters) - Hugo Barra, the most prominent global executive at China's Xiaomi Inc [XTC.UL], has left the smartphone maker citing health concerns and a new job, dealing a fresh setback to a firm that is struggling to recover ground ceded to rivals.(image)

Sprint to buy a third of Jay Z's music streaming service Tidal

Mon, 23 Jan 2017 12:00:48 -0500

(Reuters) - U.S. wireless carrier Sprint Corp said on Monday it would buy 33 percent of Tidal, a music streaming service owned by rapper Jay Z, marking a move to more content driven services in a highly competitive wireless market.(image)

JP Morgan sees U.S. telecom sector consolidation, T-Mobile deal

Mon, 23 Jan 2017 05:39:07 -0500

(Reuters) - U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.(image)

Saudi Arabia warns over cyber attacks as labor ministry hit

Mon, 23 Jan 2017 12:20:53 -0500

KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia warned organizations in the kingdom on Monday to be on the alert for cyber attacks including a version of the destructive Shamoon virus, as a chemicals firm reported a network disruption and the labor ministry said it had been attacked.(image)

Lloyds a victim of cyber attack that hit banking services

Mon, 23 Jan 2017 12:21:31 -0500

LONDON (Reuters) - Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.(image)

Japanese banks agree to not call in some Toshiba loans early for now: sources

Mon, 23 Jan 2017 06:49:05 -0500

TOKYO (Reuters) - Main Japanese lenders of Toshiba Corp have agreed to not call in some of their loans early for now even as recent downgrades of the troubled firm's credit ratings violate some provisions in debt agreements, two people with direct knowledge of the matter said.(image)

China cracks down on unauthorized internet connections

Mon, 23 Jan 2017 05:34:25 -0500

HONG KONG (Reuters) - China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall.(image)

SEC probing Yahoo over previously disclosed cyber breach: filing

Mon, 23 Jan 2017 12:22:13 -0500

(Reuters) - The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing.(image)