FBI has lead in probe of 1.2 billion stolen Web credentials: documents

By Nate Raymond NEW YORK (Reuters) – A hacker who once advertised having access to user account information for websites like Facebook and Twitter has been linked through a Russian email address to the theft of a record 1.2 billion Internet credentials, the FBI said in court documents. The papers, made public last week by a federal court in Milwaukee, Wisconsin, provide a window into the Federal Bureau of Investigation's probe of what would amount to the largest collection of stolen user names and passwords. The court papers were filed in support of a search warrant the FBI sought in December 2014 and that was executed a month later related to email records.

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Exclusive: At White House, 30-day sprint kicks off cyber marathon to stop intrusions

It's not unique to the federal government,” said Tony Scott, who spent 35 years in the private sector running systems at companies such as Microsoft Corp, Walt Disney Co and General Motors Co. Scott was named as the federal CIO in February and knew from the start that stepping up cyber defenses would be a focus

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Charter lists consumer benefits to win merger approval

(Reuters) – Charter Communications Inc formally argued for regulatory approval for its Time Warner Cable Inc and Bright House Networks deals, saying consumers would benefit as Internet services would become cheaper and faster.

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Former U.S. government employee attempted to steal nuclear weapons secrets: Justice Department

The U.S. Justice Department has charged a former employee of the Department of Energy and the Nuclear Regulatory Commission for allegedly attempting an email attack on government employees to extract sensitive information on nuclear weapons.

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U.S. telecom groups, AT&T seek to block new Internet rules

By Alina Selyukh WASHINGTON (Reuters) – U.S. telecom industry groups, alongside AT&T Inc and CenturyLink Inc, called for regulators to block parts of new rules for Internet service providers on Friday, citing “crushing” compliance costs and threats to investment.

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FCC sued by broadband companies over net neutrality rules

By Alina Selyukh WASHINGTON (Reuters) – U.S. broadband providers on Monday filed lawsuits against the Federal Communications Commission's recently approved net neutrality rules, launching what is a expected to be a series of legal challenges. Broadband industry trade group USTelecom filed a lawsuit against the FCC in the U.S.

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LightSquared preps for tough trial on latest bankruptcy plan

By Nick Brown NEW YORK (Reuters) – LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone’s Harbinger Capital Partners hedge fund, on Monday will begin seeking U.S. Bankruptcy Court approval for a plan to exit Chapter 11, repay lenders and transfer some equity to Fortress Investment Group and Centerbridge Partners.

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Republicans face uphill battle on net neutrality bill

By Alina Selyukh WASHINGTON (Reuters) – U.S. Democrats on the Senate and House commerce committees on Wednesday signaled no interest in rushing to adopt “net neutrality” legislation before the Federal Communications Commission sets new Internet traffic rules next month.

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