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Sharing cyber threat details not antitrust violation, U.S. says

WASHINGTON (Reuters) - The U.S. government on Thursday urged companies to share information with each other about cyber threats and issued guidance making clear that doing so would not violate antitrust laws. The new push comes as many top retailers and other companies have suffered major data breaches. Most recently, the "Heartbleed" bug was found to have exposed personal data to hackers, prompting Facebook Inc, Google and others to take steps to mitigate the impact on their users.

U.S. regulators warn banks about rise in cyber-attacks

By Douwe Miedema WASHINGTON (Reuters) - A group of top U.S. regulators on Wednesday warned about the threat of rising cyber-attacks on banks' websites and their cash machines, urging the industry to put proper measures in place to guard against fraud. The Federal Financial Institutions Examination Council (FFIEC) said it had seen a rise of so-called denial-of-service attacks on banks' websites, which were sometimes a cover for criminals to commit fraud.

Cybercrime part of sophisticated online economy

The dark world of cybercrime has evolved from one of rogue individuals to a functioning market-based economy with its ups and downs, code of conduct and "innovation." A study by Rand Corp. and commissioned by the security firm Juniper Networks found a well-organized, multibillion-dollar underground economy that has become "a playground of financially driven, highly organized and sophisticated groups." The evolution of cybercrime creates new challenges for security professionals trying to protect computer networks, says Nawaf Bitar, Juniper's general manager for security.

State attorney general: California businesses are top target in US for international criminals

SACRAMENTO, Calif. - California is the top target in the U.S. for international criminal enterprises that operate from safe havens in Eastern Europe, Africa and China, according to a report being released Thursday. Along with trafficking in drugs, guns and people, criminals are also turning to cybercrime to target wealthy, innovative businesses and financial institutions in the state, California Attorney General Kamala Harris said in the report.

California major target for cyber-criminals, attorney general says

By Laila Kearney SAN FRANCISCO (Reuters) - California has become a major U.S. target of cyber crimes committed by outlaw groups with ties to Eastern Europe, China and Africa, according to a report by state Attorney General Kamala Harris released on Thursday. As part of a broader report on international organized crime groups, Harris said about 17 percent of attempts to hack into major computer networks in the United States in 2012 were aimed at California, which is the most populous U.S. state.

Ukraine war already in full swing in cyberspace

With cyberattacks already launched against Crimean separatists, the Kremlin and NATO, the ground war may not have started in Ukraine but computer warfare is already raging. In recent days -- and with increasing intensity on Sunday -- a virtual war has commenced in the countries at the centre of the worst East-West diplomatic crisis since the end of the Cold War.

California bill seeks to curb sexually explicit Internet bullying by teens

By Laila Kearney SARATOGA, California (Reuters) - Teenagers who share sexually explicit images of others on the Internet to harass them could soon face tougher punishment under California legislation proposed on Friday, spurred by the suicide of a teen after images of her sexual assault were circulated to other students.

Cybercrime hits financial firms hardest: survey

LONDON (Reuters) - Cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries, as criminals turn increasingly to technology as their main weapon against banks, a survey showed. Some 39 percent of financial services companies that suffered from economic crime last year said they had been hit by cybercrime, compared to 17 percent in other industries, according to the survey by consultancy PwC.

CORRECTED-Hackers target Brazil's World Cup for cyber attacks

By Esteban Israel SAO PAULO (Reuters) - Brazilian hackers are threatening to disrupt the World Cup with attacks ranging from jamming websites to data theft, adding cyber warfare to the list of challenges for a competition already marred by protests, delays and overspending. In a country with rampant online crime, a challenging telecommunications infrastructure and little experience with cyber attacks, authorities are rushing to protect government websites and those of FIFA, soccer's governing body.

Millions of scam emails sent daily looking to scoop up personal information

MONTREAL - Digitally connected young Canadians have become regular targets of phishing scams — fraudsters trying to steal personal information for financial gain, according to a new survey by Visa Canada. The survey found that 92 per cent of respondents under age 35 confirmed they had been targeted by phishing scams for information such as bank accounts, passwords, card numbers and social insurance numbers.
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