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U.S. presidential commission issues recommendations on cyber security

Fri, 02 Dec 2016 18:08:15 -0500

(Reuters) - The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday.(image)

Russian central bank loses $31 million in cyber attack

Fri, 02 Dec 2016 15:09:17 -0500

MOSCOW (Reuters) - Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe.(image)

Draft law gives Chinese police control of online discussion on disasters

Fri, 02 Dec 2016 00:35:25 -0500

BEIJING (Reuters) - China's county-level police will be able to censor internet coverage of natural and man-made disasters, according to a revised draft of the country's policing law that the Chinese Public Security Bureau released late on Thursday.(image)

Money transfer firm WorldRemit eyes new markets, growth

Fri, 02 Dec 2016 19:02:51 -0500

TORONTO (Reuters) - WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday.(image)

Facebook developing artificial intelligence to flag offensive live videos

Thu, 01 Dec 2016 12:07:46 -0500

MENLO PARK, Calif. (Reuters) - Facebook Inc is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company’s director of applied machine learning.(image)

Twitter signs Philippines ad deal for NBA livestream shows

Thu, 01 Dec 2016 14:10:21 -0500

(Reuters) - Twitter Inc has signed a major livestreaming deal with its first Asian partner, Globe Telecom Inc of the Philippines, for its two exclusive U.S. National Basketball Association shows, the companies said on Thursday.(image)

China's top social messaging app censors users abroad: report

Thu, 01 Dec 2016 06:04:37 -0500

BEIJING (Reuters) - Censorship on China's top social messaging app WeChat goes beyond the country's borders, according to a report released on Thursday, with messages containing sensitive terms that are sent from overseas to mainland-linked accounts being blocked.(image)

EU proposes simplifying VAT rules to boost online trade

Thu, 01 Dec 2016 05:57:05 -0500

BRUSSELS (Reuters) - The European Commission proposed simplifying value-added sales tax (VAT) requirements for online retailers on Thursday, the final piece in a series of measures to boost Internet commerce across the European Union.(image)

Selena Gomez becomes Instagram's most-followed celebrity

Thu, 01 Dec 2016 09:00:58 -0500

LOS ANGELES (Reuters) - Selena Gomez overtook Taylor Swift as the most-followed celebrity on Instagram, as two of pop's leading women once again dominated the social networking site in 2016.(image)

Worldwide cyber-crime network hit in coordinated raids

Thu, 01 Dec 2016 11:50:09 -0500

BERLIN (Reuters) - One of the world's biggest networks of hijacked computers, which is suspected of being used to attack online banking customers, has been taken down following police swoops in 10 countries, German police said on Thursday.(image)