Technology News
As attacks grow, EU mulls banking stress tests for cyber risks1/23/2017 3:13:19 PMBRUSSELS - 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.Samsung says batteries caused Note 7 fires, may delay new phone launch1/23/2017 3:18:39 PMSEOUL - 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.Xiaomi executive Barra, who drove smartphone maker's global push, steps down1/23/2017 2:46:50 PMBEIJING - 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.Sprint to buy a third of Jay Z's music streaming service Tidal1/23/2017 5:14:33 PM - 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.JP Morgan sees U.S. telecom sector consolidation, T-Mobile deal1/23/2017 2:09:07 PM - 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.Lloyds a victim of cyber attack that hit banking services1/23/2017 3:02:28 PMLONDON - 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.Japanese banks agree to not call in some Toshiba loans early for now: sources1/23/2017 3:19:05 PMTOKYO - 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.Austrian software firm raises $165 million to take on HPE and IBM in testing1/23/2017 5:34:12 PMFRANKFURT - A little-known Austrian software company is looking to snatch business from established players HP Enterprise (HPE) and IBM in the market for software testing tools, after raising $165 million from a U.S. private equity firm.China cracks down on unauthorized internet connections1/23/2017 2:04:25 PMHONG KONG - 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.SEC probing Yahoo over previously disclosed cyber breach: filing1/23/2017 3:09:24 PM - The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing.