Beyond the breach: cyberattacks force a defense strategy re-think
U.S.
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TurboTax maker Intuit resumes state tax filings after earlier halt
(Reuters) – Intuit Inc said its tax-preparation software TurboTax had resumed electronic filing of state tax returns late Friday following a temporary halt after noticing attempts to use stolen identity information to file fraudulent returns and claim refunds. After an investigation by a third-party security expert, the company said the fraudulent returns did not result from a breach of its own systems and that it was adding additional security measures to combat fraudulent activities.
Read moreU.S. states probe massive data breach at health insurer Anthem
By Karen Freifeld NEW YORK (Reuters) – Several U.S. states are investigating a massive cyberattack on No. 2 U.S
Read moreGrowth in hiring business drives LinkedIn revenue beat
LinkedIn's hiring business has been thriving, clocking revenue growth of nearly 50 percent in each of the last three quarters, helped by rapid expansion in international markets such as China. “In the fourth-quarter, more than 75 percent of new members came to LinkedIn from outside the United States,” Chief Executive Jeff Weiner said on a post-earnings call. The company added 3,000 new customers to its hiring business in the quarter, Chief Financial Officer Steve Sordello said.
Read moreTwitter: net user additions in line with rate in each of first three quarters of 2014
Twitter on Thursday said that the absolute number of net user additions in the first quarter was on track to equal the rate in each of the first three quarters of 2014.
Read moreWillis Re launches cyber insurer tool as risks remain unclear
Reinsurer Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market that has nonetheless faced worries about potential pitfalls. The tool, called PRISM-Re, is meant to help insurance companies understand how much risk they face should they have to pay out for everything from managing a cyberattack crisis to hiring credit monitoring services should private data be breached. “There's still a little bit of hesitation (among insurers) about, 'how do I understand what my overall exposure might be',” said Alice Underwood, head of analytics for Willis Re North America
Read moreFormer Kleiner partner seeks $16 million in discrimination lawsuit
By Sarah McBride SAN FRANCISCO (Reuters) – Ellen Pao, a former partner at prominent Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, is seeking $16 million for discrimination and retaliation in a lawsuit against the firm, a Kleiner attorney said in court. Kleiner has denied the accusations of discrimination and retaliation, along with accusations that it did not take reasonable steps to prevent discrimination. At a hearing in San Francisco Superior Court on Monday, Kleiner attorney Lynne Hermle publicly disclosed the amount of damages sought for the first time.
Read moreAlibaba meets with China regulator, controversial report retracted
(Reuters) – The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business on the Internet company's platforms. The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites.
Read moreFactbox: Canada security bill’s main provisions
The Canadian government introduced legislation on Friday to counter terrorism in response to attacks in Canada, France and Australia by Islamist militants since last October. The following are the main provisions: CANADIAN SECURITY INTELLIGENCE SERVICE – CSIS would have powers to disrupt threats to the security of Canada at home and abroad, not just collect intelligence. PROMOTION OF TERRORISM – It would make it a crime to call for attacks on Canada in general.
Read moreHedge funds lose court bid over Ancestry.com deal price
By Tom Hals Wilmington, Del. (Reuters) – Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy.
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