After revealing the real staggering number of accounts hacked by cyber criminals through the "Get Transcript" application, the Internal Revenue Service issued additional reports about the incidents.
Security
Cross-border technology sharing with Chinese firms worries US defense experts
The technology tie-ups between the US technology giants and Chinese firms have become a center of debate as the close business relations have under current exposure to sensitive defense technology. Security analysts express their concern about possible harm to the national security of the US. In association with US technology firms, Chinese companies are becoming self-reliant in defense technology triggering the alarm bells for the US national security.
Irish High Court to investigate Facebook's transfer of European users' data to the U.S.
The Irish court orders to investigate Facebook's transferring of European user's data to the United States. This is to ensure that the European user's privacy was protected from the U.S. surveillance.
Teenage hacker cracked CIA director's email, targets Trump and Hillary next
CIA director, John Brennan's AOL email has been hacked. It was claimed by a high school student with the Twitter account of @phphax. The student cracker forewarns Donald Trump and Hillary Clinton as his next target.
Ace Limited Offers Cyber Security Protection Worth up to $100 million
Swiss multinational insurance company, ACE Limited announced that the company will start offering cyber protection insurance up to $100 million. With the rising numbers of cyber security attacks particularly in the United States, the company is planning to lead the way for cyber insurance. According to PricewaterhouseCooper, the cyber insurance sector will increase to $7.5 billion by 2020.
Latest News
French police tightened security for the Tour de France after race leader Chris Froome claimed that one of the spectators threw urine at his face in the 14th stage from Rodez to Mende Saturday.
The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.
The $71 billion cybersecurity industry is fragmenting along geopolitical lines as firms chase after government contracts, share information with spy agencies, and market themselves as protectors against attacks by other nations.
U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report.
Morgan Stanley (MS.N) said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.
Japan, fearing it could be a soft target for possible North Korean cyberattacks in the escalating row over the Sony Pictures hack, has begun working to ensure basic infrastructure is safe and to formulate its diplomatic response, officials said.
Veracode, a cyber security company that helps companies protect Internet applications from hackers, has selected underwriters to lead a potential initial public offering that could value it between $600 million and $800 million, according to people close to the matter.
The Federal Bureau of Investigation has warned U.S. businesses to be on the alert for a sophisticated Iranian hacking operation whose targets include defense contractors, energy firms and educational institutions, according to a confidential agency document.
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
