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U.S. says businessman convicted in DuPont economic espionage case

By Dan Levine SAN FRANCISCO (Reuters) - A U.S. jury on Wednesday convicted a California businessman accused of stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products, a U.S. government spokesman said. In a San Francisco federal court, jurors found Walter Liew guilty on multiple counts including conspiracy to commit economic espionage, a spokesman for the U.S. Department of Justice said.

SEC's Aguilar sees cyber-threat risk to 'transfer agents'

By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission should consider updating its rules to protect against technology failures or cyber attacks of "transfer agent" firms charged with maintaining millions of shareholder accounts, SEC Democratic Commissioner Luis Aguilar said Friday. Transfer agents are critical gatekeepers in U.S. markets, though they do not often receive much public attention.

S. Korea pushes to develop offensive cyberwarfare tools

By Kim Eun-jung SEOUL, Feb. 19 (Yonhap) -- South Korea will push to develop sophisticated cyberwarfare tools that could wreak havoc on North Korea's nuclear facilities as part of its plans to beef up offensive capabilities, the defense ministry said Wednesday. The ministry reported a long-term plan for cyberpolicy to the parliamentary defense committee, at a time when calls have risen to reform the Cyber Warfare Command, which has been dogged by allegations of an online smear campaign in the 2012 presidential election.

S. Korea pushes to develop offensive cyberwarfare tools

By Kim Eun-jung SEOUL, Feb. 19 (Yonhap) -- South Korea will push to develop sophisticated cyberwarfare tools that could wreak havoc on North Korea's nuclear facilities as part of its plans to beef up offensive capabilities, the defense ministry said Wednesday. The ministry reported a long-term plan for cyberpolicy to the parliamentary defense committee, at a time when calls have risen to reform the Cyber Warfare Command, which has been dogged by allegations of an online smear campaign in the 2012 presidential election.

US launches voluntary cybersecurity plan

The US administration on Wednesday launched a cybersecurity plan which aims to use voluntary collaboration from the private sector to protect critical infrastructure from computer hackers. The initiative stems from an executive order issued last year by President Barack Obama after repeated failures in Congress of a cybersecurity law. The so-called cybersecurity framework allows the government to lead an information-sharing network but stops short of making mandatory the reporting of cyber threats.

US launches voluntary cybersecurity plan

The US administration on Wednesday launched its Cybersecurity Framework, a plan aimed at protecting the nation against hackers that makes use of voluntary standards. The initiative stems from an executive order issued last year by President Barack Obama after repeated failures in Congress of a cybersecurity law. The framework allows the government to lead an information-sharing network but stops short of making mandatory the reporting of cyber threats.

Espionage malware may be state-sponsored

Security researchers said Monday they discovered cyber-espionage malware which has hit governments and companies in 31 countries and is likely state-sponsored. Kaspersky Lab researchers said the Spanish-language malware known as "The Mask" or "Careto" has been used since at least 2007 and is unusually complex, with versions that may infect mobile phones and tablets, including those running Apple or Google operating systems. The researchers said the authors who appear to be Spanish speakers may use the virus to steal sensitive documents as well as encryption keys.

Researchers uncover cyber spying campaign dubbed "The Mask"

By Joseph Menn and Jim Finkle PUNTA CANA, Dominican Republic (Reuters) - A computer security software firm has uncovered what it calls the first cyber espionage campaign believed to be started by a Spanish-speaking country, targeting government agencies, energy companies and activists in 31 countries. Dubbed "The Mask," the campaign had operated undetected since 2007 and infected more than 380 targets before it stopped last week, Moscow-based Kaspersky Lab said on Monday.

U.S. regulator calls for better data-breach disclosures

By Emily Stephenson WASHINGTON (Reuters) - A top U.S. financial regulator on Thursday told lawmakers that retailers and other companies that deal with customer payments should have the same obligation as banks to report data breaches. The call for a uniform disclosure regime comes after cyber criminals managed to pull off a massive theft of customer data from retailer Target Corp during the holiday shopping season in late 2013.

U.S. Secret Service visits refrigeration company in Target probe

By Mark Hosenball and Dhanya Skariachan WASHINGTON/NEW YORK (Reuters) - The U.S. Secret Service visited the office of a Pennsylvania-based refrigeration contractor, Fazio Mechanical Services, in connection with an investigation of the Target Corp consumer data breach, a spokesman for the agency said on Wednesday. Fazio is the largest refrigeration contractor in the Western Pennsylvania region, and Target is one of its clients, according to the Sharpsburg-based company's website.
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