U.S. evicts Russians for spying, imposes sanctions after election hacks

HONOLULU/WASHINGTON (Reuters) - President Barack Obama on Thursday ordered the expulsion of 35 Russian suspected spies and imposed sanctions on two Russian intelligence agencies over their involvement in hacking U.S. political groups in the 2016 presidential election.

Amazon looks to the sky to store products

(Reuters) - Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones.

Happy Seventh Birthday, KrebsOnSecurity!

Hard to believe it’s time to celebrate another go ’round the Sun for KrebsOnSecurity! Today marks exactly seven years since I left The Washington Post and started this here solo thing. And what a remarkable year 2016 has been! The word cloud above includes a sampling of tags used in...

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Happy Seventh Birthday, KrebsOnSecurity!

Hard to believe it’s time to celebrate another go ’round the Sun for KrebsOnSecurity! Today marks exactly seven years since I left The Washington Post and started this here solo thing. And what a remarkable year 2016 has been! The word cloud above includes a sampling of tags used in...

Continue reading

Battered Toshiba out of easy options to plug nuclear hole

TOKYO (Reuters) - Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell.

Toshiba tumbles for third day as second downgrade fans writedown fears

TOKYO (Reuters) - Shares in Toshiba fell more than 19 percent in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown.

China tech giant LeEco in talks on $1.4 billion support, starts e-car plant

SHANGHAI (Reuters) - Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan ($1.4 billion) deal with an unnamed strategic investor, its listed unit said.

Trump says Sprint, OneWeb to create 8,000 U.S. jobs

PALM BEACH, Fla. (Reuters) - U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will be bringing 8,000 jobs to the United States, celebrating the moves as a result of optimism associated with his election.

Trump says Sprint to bring 5,000 jobs back to U.S.

PALM BEACH, Fla. (Reuters) - U.S President-elect Donald Trump said on Wednesday wireless carrier Sprint Corp will bring 5,000 jobs back to the United States and OneWeb, a new company, will be hiring 3,000 people.

U.S. set to announce response to Russian election hacking: sources

WASHINGTON (Reuters) - The Obama administration plans to announce on Thursday a series of retaliatory measures against Russia for hacking into U.S. political institutions and individuals and leaking information in an effort to help President-elect Donald Trump and other Republican candidates, t...

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New York Times surpasses 100 million views on Facebook Live

NEW YORK (Reuters) - Presidential politics and celebrity interviews helped The New York Times Co surpass 100 million views for its Facebook Live videos, the company said on Wednesday.

InterContinental investigates possible payment card breach

(Reuters) - InterContinental Hotels Group Plc said on Wednesday it is investigating claims of a possible payment card breach at some of its hotels in the United States.

New York revises, delays new cyber rules after industry complaints

(Reuters) - New York's financial regulator said on Wednesday it was revising proposed cyber security rules for banks and insurers doing business in the state to incorporate industry feedback, delaying implementation by two months to March 1.

Holiday Inn Parent IHG Probes Breach Claims

InterContinental Hotels Group (IHG), the parent company for more than 5,000 hotels worldwide including Holiday Inn, says it is investigating claims of a possible credit card breach at some U.S. locations. An Intercontinental hotel in New York City. Photo: IHG. Last week, KrebsOnSecurity began hearin...

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Holiday Inn Parent IHG Probes Breach Claims

InterContinental Hotels Group (IHG), the parent company for more than 5,000 hotels worldwide including Holiday Inn, says it is investigating claims of a possible credit card breach at some U.S. locations. An Intercontinental hotel in New York City. Photo: IHG. Last week, KrebsOnSecurity began hearin...

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Researcher found security holes at smartphone-only bank N26

HAMBURG (Reuters) - German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking.

U.S. accuses Chinese citizens of hacking law firms, insider trading

NEW YORK (Reuters) - Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.

Xiaomi-backed online bank to launch services soon - bank investor

BEIJING (Reuters) - A Chinese online bank backed by smartphones and home appliances maker Xiaomi Inc [XTC.UL] is set to launch services soon, after being officially established and rebranded recently, according to one of the venture's investors.

South Korea regulator fines Qualcomm $854 million for violating competition laws

SEJONG, South Korea (Reuters) - South Korea's antitrust regulator said on Wednesday it fined U.S. chipmaker Qualcomm Inc 1.03 trillion won ($854 million), a record for the country, ruling its business practices of patent licensing and smartphone modem chip sales hindered competition.

Flight booking systems lack basic privacy safeguards, researchers say

HAMBURG (Reuters) - Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security researchers warned on Tuesday.

Amazon says 2016 holiday season 'best-ever'

(Reuters) - Amazon.com Inc said it had its best-ever holiday season, shipping more than one billion items worldwide through its Prime membership program.

Chinese investors buy stake in mapping firm HERE

FRANKFURT (Reuters) - Chinese mapping firm NavInfo , internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.

Panasonic, Tesla to start production of solar cells in New York

TOKYO (Reuters) - Panasonic Corp and Tesla Motors said on Tuesday they have agreed to start production of photovoltaic (PV) cells and modules at a factory in Buffalo, New York.

China renews calls for tighter cyberspace security - CAC

BEIJING (Reuters) - China's top cybersecurity body reaffirmed its commitment to heightened cybersecurity surveillance on Tuesday, calling for increased scrutiny of local and foreign technology used in industries deemed critical to the national interest.

J. Crew's shopping website down for several hours

(Reuters) - Apparel retailer J. Crew Group Inc's shopping website was down for several hours on Monday.

Sony Music's Twitter hacked, fake Britney Spears death tweets sent

NEW YORK (Reuters) - Sony Music Entertainment's Twitter account was hacked on Monday, publishing fake statements that pop music icon Britney Spears had died.

Power surge: Chinese electric car battery maker charges for global market

NINGDE, China (Reuters) - A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.

Israel telecom regulator signals likely to allow Bezeq to merge units

JERUSALEM (Reuters) - Bezeq Israel Telecom said on Sunday it had received notice that Israel's telecoms regulator would likely allow Bezeq to merge its various business units.

Snapchat buying Israeli augmented reality start-up Cimagine: report

TEL AVIV (Reuters) - Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday.