China says tech firms have nothing to fear from anti-terror law

Some concerned the law could require 'back doors' in products

Reuters

BEIJING (Reuters) - Technology companies have nothing to fear from China's new anti-terrorism law which aims to prevent and probe terror activities and does not affect their copyright, China's Foreign Ministry said on Wednesday, rebuffing U.S. criticism as unwarranted.

The draft anti-terrorism law has caused concern in Western capitals as it could require technology firms to install "back doors" in products or to hand over sensitive information such as encryption keys to the government.

Cyber security expert warns German banks of retail payments risks

Recommends that payment terminal manufacturers take appropriate action

Reuters

OXFORD, England (Reuters) - A top cyber security researcher has warned German banks that their retail payment systems have security flaws that could allow fraudsters to steal payment card PIN codes, create fake cards or siphon funds from customer or merchant accounts.

Karsten Nohl, who is credited with revealing major security threats in mobile phones, automobiles, security cards and thumb-sized USB drives, told Reuters he has found critical weaknesses in software that runs retail point-of-sale terminals in Germany.

Apple hits out at British plans to extend online surveillance

Critics say the Investigatory Powers Bill gives authority beyond those in other Western countries

Reuters

LONDON (Reuters) - Apple has warned that a British plan to give intelligence agencies extra online surveillance powers could weaken the security of personal data for millions of people and paralyze the tech sector.

Britain unveiled proposals for new online powers last month that it said were needed to keep the country safe from criminals, fraudsters and militants, including the right to find out which websites people visit.

Cisco reviews code after Juniper breach; more scrutiny expected

Rival warns customers that it had uncovered 'unauthorized code' in its firewall software

Reuters

BOSTON (Reuters) - Networking equipment maker Cisco Systems Inc said on Monday it has launched a product review to look for tampering after rival Juniper Networks Inc's disclosure found code in firewall software that made it vulnerable to cyber attacks.

Juniper warned customers on Thursday that it had uncovered "unauthorized code" in its firewall software, saying it could be exploited to allow an attacker to unscramble encrypted communications that travel through the security devices.

How a Boston private equity firm became a major fiber and data center player

A conversation with Gillis S. Cashman, managing partner, M/C Partners

Background

M/C Partners is a Boston-based communications-focused private equity firm, originally the media/communications arm of TA Associates and spun out in the mid-80s. The firm was an early investor in Western Wireless, Nextel, and a host of smaller wireless companies across the country. Its most recent big wireless deal helped to fund the initial build out of MetroPCS in 2001-2002.

Net Insight says new invention could double addressable market

The Internet may lag a minute behind traditional TV, to the dismay of live broadcasters

Reuters

STOCKHOLM (Reuters) - Net Insight's new invention that enables synchronized live broadcasts on TV, tablets and smartphones could double its total addressable market in 1-2 years and should have a healthy impact on profit margins, its chief executive told Reuters.

The Internet often has a lag of a minute or more compared to traditional TV, causing particular headaches for broadcasters of live events such as sports, which Net Insight promises to help its customers do away with.

EU data protection reform may promise more than it delivers

The new rules should be a boon for web companies such as Google, Facebook and Amazon

Reuters

BRUSSELS (Reuters) - Implementing the biggest shake-up to Europe's fragmented data protection laws in two decades may fail to provide companies with the consistency and simplicity that had been promised across the 28-nation bloc.

A patchwork of privacy laws in the European Union, dating back to 1995 when the internet was in its infancy, was criticised for lacking teeth and being interpreted differently across the EU.

Hack attacks and data law boost European cyber insurance demand

New EU data protection laws compel companies to report potentially harmful breaches within 3 days

Reuters

(Reuters) - New European legislation on data privacy is helping push up regional demand for cyber insurance, industry specialists say, after companies such as TalkTalk and Experian were affected by hackers earlier this year.

The European Union agreed this week to change fragmented data protection laws, forcing companies to report breaches likely to harm individuals to national authorities within 72 hours.

Telus shares sunk by rival Shaw's move on Wind

Deal would enable Shaw to bundle Internet, TV and landline with an established wireless product

Reuters

TORONTO (Reuters) - Cable company Shaw Communications Inc gutpunched its main telecom rival with a surprise offer to buy wireless operator Wind Mobile, sinking shares in Telus Corp on Thursday amid competition fears.

Telus fell to its lowest since early 2014 as analysts cheered Shaw's move, which if completed, would give Wind more financial heft to expand its network and provides Shaw with an established wireless product to bundle with its Internet, television and landline services.

Qualcomm decides against breakup, says current structure best

Some analysts expressed surprise that Qualcomm did not come up with any value-boosting plans

Reuters

(Reuters) - Qualcomm Inc has decided not to split into separate chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners.

San Diego-based Qualcomm, the biggest maker of chips used in mobile phones, said on Tuesday its current structure offered unique strategic benefits that cannot be replicated.

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