Former Bank Executive in China Faces Bribe Accusations
The Communist Party has referred the case for a criminal investigation as it continues a drive to combat corruption.
China warns EU against telecoms probe
Beijing threatens to retaliate if EU opens investigation into alleged Chinese anti-competitive behaviour.
China Behind 96% of All Cyber-Espionage Data Breaches, Verizon Report Claims
colinneagle writes "Verizon's 2013 Data Breach Investigation Report is out and includes data gathered by its own forensics team and data breach info from 19 partner organizations worldwide. China was involved in 96% of all espionage data-breach incidents, most often targeting manufacturing, professional and transportation industries, the report claims. The assets China targeted within those industries included laptop/desktop, file server, mail server and directory server, in order to steal credentials, internal organization data, trade secrets and system info. A whopping 95% of the attacks started with phishing to get a toehold into their victim's systems. The report states, 'Phishing techniques have become much more sophisticated, often targeting specific individuals (spear phishing) and using tactics that are harder for IT to control. For example, now that people are suspicious of email, phishers are using phone calls and social networking.' It is unknown who the nation-state actors were ...
Glencore pushes back Xstrata deal due to China probe
LONDON - Glencore said on Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China.
Found 1 month ago on channel Reuters
Microsoft, Partners Probed Over Bribery Claims
c0lo writes "U.S. federal authorities are examining Microsoft's involvement with companies and individuals that allegedly paid bribes to overseas government officials in exchange for business. The United States Department of Justice and the Securities and Exchange Commission have both opened preliminary investigations into the bribery allegations involving Microsoft in China, Italy and Romania. The China allegations were first shared with United States officials last year by an unnamed whistle-blower who had worked with Microsoft in the country, according to the person briefed on the inquiry. The whistle-blower said that a Microsoft official in China directed the whistle-blower to pay bribes to government officials to win business deals. U.S. government investigators are also reviewing whether Microsoft had a role in allegations that resellers offered bribes to secure software deals with Romania's Ministry of Communications. In Italy, Microsoft's dealings with consultants that specialize ...
Found more than 1 month ago on channel Slashdot