Oil price probe widens, senator wants Justice Department help
LONDON/WASHINGTON - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
Found 1 week ago on channel Reuters
Google Ordered Back To UK Parliament To "Explain Itself" Following Investigation
DavidGilbert99 writes "Last November Matt Brittin, Google's European chief gave a pretty convincing account of himself as he tried to explain why Google wasn't paying more tax in the UK. All the sales staff were based in Ireland apparently and the UK-based staff were there just to promote the platform for advertisers. Great. Nothing to see here. Move on please. Well, actually there is a little more to the story, as an investigation by Reuters has discovered. There are many sales staff in the UK with titles and responsibilities curiously close to what most people would call sales staff and as a result Mr. Brittin will once again have to face Margaret Hodge and the PAC to explain just what is happening."
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 ...
Google Fined $189K For ‘one of the biggest data' privacy violations in Germany
Google 1, Germany 0. German regulators were furious when it was found that Google’s street car was unintentionally collecting email, photos, and passwords from its citizens’ unprotected wi-fi networks–something Hamburg-based regulator, Johannes Caspar, called “one of the biggest data protection rules violations known.” Yet, regulators could only muster a financial hand slap of 145 Euros, or about 0.005% of the search giant’s annual profits. Regulators couldn’t find any “criminal” violations for the data-stealing misstep, and German law has a maximum ceiling of 150 Euros for privacy law negligence, according to Bloomberg. Between 2008-2010, Google’s street car, which photographs and maps cities with a 360 degree camera, had connected to home wifi networks and stole valuable data. Google chief privacy counsel, Peter Fleischer, claims it was unaware of the breach and did not use the sensitive information. Of course, not everyone in the Eastern Hemisphere has privacy ...
European regulators blast Google for continued EU privacy violations
Task force gives green light to EU states to conduct "further investigations."