global

0

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.

0

Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, on Monday posted a 30 percent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve “effective growth” in 2015. The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure, posted an operating margin of 18 percent in the first six months of 2015, compared with 18.3 percent in the previous half-year. The private company did not elaborate in its brief statement.

0

By Foo Yun Chee BRUSSELS (Reuters) – U.S. tech firm Disconnect has filed a complaint to EU antitrust regulators against Google's ban on its privacy app, accusing the Silicon Valley giant of abusing its dominant market position. Disconnect, set up four years ago by former Google engineers, says its app protects users of the Android operating system from invisible tracking and malware distributed through advertisements. It said Google had abused its position by blocking the app from the Google Play store last year, and had gained an unfair advantage over competitors by integrating its own privacy and security services into its own products.

0

By Dan Levine and Lawrence Hurley SAN FRANCISCO/WASHINGTON (Reuters) – The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline to decide whether to take sides in a case before the U.S. Supreme Court that will have wide implications for the technology industry.     The case involves how much copyright protection should extend to the Java programing language. Oracle won a federal appeals court ruling last year that allows it to copyright parts of Java, while Google argues it should be free to use Java without paying a licensing fee. Google, which used Java to design its Android smartphone operating system, appealed to the U.S. Supreme Court.