Ohio man indicted for using 'Fruitfly' malware to spy on Americans

WASHINGTON (Reuters) - An Ohio man was charged in a 16-count indictment on Wednesday for allegedly using malware known as “Fruitfly” to surreptitiously record people by secretly taking over their computer cameras and microphones, the U.S. Justice Department said. The indictment said that...

Continue reading

Nvidia patches software driver, says GPUs not hit by chip flaws

(Reuters) - Nvidia Corp is having to adapt the software its graphics chips use to connect to other computers in response to the Spectre security threat, but its chief executive declared on Wednesday that its core products were not subject to the same risks as microprocessor makers such as Intel. &ld...

Continue reading

Microsoft’s Jan. 2018 Patch Tuesday Lowdown

Microsoft on Tuesday released 14 security updates, including fixes for the Spectre and Meltdown flaws detailed last week, as well as a zero-day vulnerability in Microsoft Office that is being exploited in the wild. Separately, Adobe pushed a security update to its Flash Player software. Last week&rs...

Continue reading

Microsoft’s Jan. 2018 Patch Tuesday Lowdown

Microsoft on Tuesday released 14 security updates, including fixes for the Spectre and Meltdown flaws detailed last week, as well as a zero-day vulnerability in Microsoft Office that is being exploited in the wild. Separately, Adobe pushed a security update to its Flash Player software. Last week&rs...

Continue reading

Nvidia patch release adds to scope of Spectre worries

(Reuters) - Graphics specialist Nvidia Corp was the latest chipmaker to say its equipment was vulnerable to the Spectre security threat, broadening the scope of concern for millions of computers beyond their central processors. Spectre is one of two chipset flaws, the other dubbed Meltdown, revealed...

Continue reading

Buffett says he will never invest in cryptocurrencies

(Reuters) - Berkshire Hathaway’s Warren Buffett said on Wednesday he will never invest in cryptocurrencies. “I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC in an interview. Buffett’s comments come a day after JPMorgan & Ch...

Continue reading

Nvidia releases software patches for Spectre flaw

(Reuters) - Nvidia Corp became the latest chipmaker to release software patches for the Spectre microchip security threat, indicating that the chipset flaw was affecting graphic processors as well as CPUs. Security researchers last week disclosed the chipset flaws, dubbed Meltdown and Spectre, that ...

Continue reading

Senator wants Apple to answer questions on slowing iPhones

WASHINGTON (Reuters) - The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday. The California-based company apologized over th...

Continue reading

Cloud companies consider Intel rivals after security flaws found

SAN FRANCISCO (Reuters) - Some of Intel Corp’s (INTC.O) data center customers, whose thousands of computers run cloud networks, are exploring using microchips from the market leader’s rivals to build new infrastructure after the discovery of security flaws affecting most chips. Whether I...

Continue reading

Jimmy Iovine says not leaving Apple: Variety

(Reuters) - Music mogul Jimmy Iovine is committed to staying at Apple Inc’s music streaming service, according to a report by Variety on Tuesday. "I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way," Iov...

Continue reading

Britain fines Carphone Warehouse 400,000 pounds over data breach

LONDON (Reuters) - Britain’s information regulator said on Wednesday it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers. The Information Commissioner said the fine was one of the biggest it had issued a...

Continue reading

Lenovo to make $400 million one-off charge on U.S. tax reforms

HONG KONG (Reuters) - Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in December due to a reassessment of U.S. deferred tax assets. The adjustment to be reflected in the financial results is of a non-cash nature, and the company does not...

Continue reading

Democrats vow to force vote on net neutrality

WASHINGTON (Reuters) - U.S. Senate Democrats said on Tuesday they will force a vote later this year on the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules and will try to make it a key issue in the 2018 congressional elections. Senate Dem...

Continue reading

Road to bitcoin ETF paved with red tape

NEW YORK (Reuters) - The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market. Bitcoin’s 1,500 percent surge last year has stoked investor demand for any product with exposure to the red-hot asset. A host of companies are jostling t...

Continue reading

Uber reaches $3 million settlement with New York drivers over fees

(Reuters) - Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares. A preliminary settlement was filed on Monday with the f...

Continue reading

Eastman Kodak unveils cryptocurrency, stock doubles

SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co (KODK.N) more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency ca...

Continue reading

Microsoft says security patches slowing down PCs, servers

(Reuters) - Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance. The security updates also froze som...

Continue reading

Tesla says solar roof production has started in Buffalo

(Reuters) - Tesla Inc said on Tuesday it began manufacturing its premium solar roof tiles at the company’s Buffalo, New York factory last month and has started surveying the homes of customers who made a deposit of $1,000 to reserve the product last year. The solar roof, which generates electr...

Continue reading

Democrats vow to force vote on net neutrality, make it a campaign issue

WASHINGTON (Reuters) - U.S. Senate Democrats said on Tuesday they will force a vote later this year on the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules and will try to make it a key issue in the 2018 congressional elections. Senate Dem...

Continue reading

Website Glitch Let Me Overstock My Coinbase

Overstock.com (NASDAQ:OSTK) just fixed a serious glitch in the Coinbase bitcoin payment section of its site that allowed customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin r...

Continue reading

Website Glitch Let Me Overstock My Coinbase

Overstock.com (NASDAQ:OSTK) just fixed a serious glitch in the Coinbase bitcoin payment section of its site that allowed customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin r...

Continue reading

Eastman Kodak unveils cryptocurrency, stock soars

SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co (KODK.N) surged over 40 percent on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurren...

Continue reading

Drahi hits Altice reset button to court wary investors

PARIS/NEW YORK (Reuters) - Altice founder Patrick Drahi is reshaping his telecoms and cable group for the second time in as many months by splitting its U.S. and European operations, hoping to end a drastic downward share-price spiral. Heavily indebted Altice (ATCA.AS) said it would spin off its U.S...

Continue reading

Ford wants to wire cities to ease congestion

LAS VEGAS (Reuters) - Ford Motor Co (F.N) plans to offer cities networks and technology to smooth the flow of goods and people as ride hailing and automated delivery services are making congestion worse, the U.S. automaker’s top executives said on Tuesday. In addresses at the CES technology sh...

Continue reading

Ford taps Postmates for edge in self-driving delivery race

Las Vegas (Reuters) - Ford Motor Co on Tuesday said it will partner with delivery service Postmates Inc as the automaker starts testing ways to transport people, food and packages using its self-driving cars in a U.S. city during the first quarter. Ford’s plans challenge the ambitions of ride ...

Continue reading

FBI chief calls unbreakable encryption 'urgent public safety issue'

NEW YORK (Reuters) - The inability of law enforcement authorities to access data from electronic devices due to powerful encryption is an “urgent public safety issue,” FBI Director Christopher Wray said on Tuesday in remarks that sought to renew a contentious debate over privacy and secu...

Continue reading

FBI director calls unbreakable encryption 'urgent public safety issue'

NEW YORK (Reuters) - Law enforcement’s inability to access electronic devices due to powerful encryption is an “urgent public safety issue,” FBI Director Christopher Wray said on Tuesday, in remarks that sought to rekindle a contentious debate over privacy and security. Technology ...

Continue reading

Apple store in Zurich evacuated as phone battery overheats

ZURICH (Reuters) - An overheated iPhone battery injured a repairman in an Apple store in Zurich and prompted the evacuation of around 50 people from the shop on Tuesday due to smoke, Swiss police said. Zurich police said the incident occurred as the repair worker was removing the battery, which over...

Continue reading

Microsoft halts some AMD chip Meltdown patches after PCs freeze

FRANKFURT (Reuters) - Microsoft Corp said on Tuesday it had suspended patches to guard against Meltdown and Spectre security threats for computers running AMD chipsets after complaints by AMD customers that the software updates froze their machines. Microsoft said in a support blog that it was worki...

Continue reading

JPMorgan's Dimon regrets calling bitcoin a 'fraud': Fox

(Reuters) - JPMorgan Chief Executive Jamie Dimon regrets calling bitcoin a ‘fraud’ but added that he still is not interested in the cryptocurrency at all, he said in an interview on Fox Business on Tuesday. Dimon had called bitcoin a fraud at a bank investor conference in New York in Sep...

Continue reading