Out of the shadows, China hackers turn cyber gatekeepers

By Paul Carsten and Gerry Shih BEIJING (Reuters) – China, long accused by the United States of rampant cyber aggression, may be synonymous with hacking exploits these days, but that doesn't mean every Chinese hacker is out to pilfer and destroy. As Chinese companies grapple with a sharp increase in the number of cyber attacks, many hackers are finding it increasingly lucrative to go above board and join the country's nascent cyber security industry

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PayPal to pay $7.7 mln in U.S. Treasury sanctions case

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc , did not adequately screen its transactions for U.S

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Europe’s airlines race for Wi-Fi in battle for passengers and new revenues

By Victoria Bryan and Sarah Young BERLIN/LONDON (Reuters) – Europe’s airlines are racing to add Wi-Fi to their planes, eager to attract Internet-hungry customers in a cut-throat short-haul market and potentially add millions of dollars of revenue through entertainment, services and advertising.

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UK needs to take urgent action over anti-Semitism, lawmakers say

By Michael Holden LONDON (Reuters) – Urgent action is needed to tackle a “disturbing” rise in anti-Semitism in Britain including measures to deal with growing “cyber hate” on social media, a group of senior lawmakers said on Monday. Last week, the body which advises Britain’s estimated 260,000 Jews on security reported that the number of anti-Semitic incidents in Britain had risen to a record level last year

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IBM says cloud business enjoying ‘breakthrough year’

By Eric Auchard LONDON (Reuters) – IBM aims to expand the number of data centers it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a “breakthrough year” in 2014 for its cloud computing business. IBM has quadrupled the number of cloud data facilities it offers around the world to 49 in the past 18 months, responding in part to laws requiring the local retention of data following revelations over U.S. government Web surveillance as well as increased corporate compliance rules

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