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  • IBM targets $40 billion in cloud, related revs in 2018

    26 February, 2015 2:10 PM 15

    REUTERS - International Business Machines Corp , which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.The aggressive target, set by IBM executives at the company's annual investor meeting in New York on Thursday, is the latest step for the technology

  • Samsung Electronics to freeze salaries in Korea for first time since 2009

    26 February, 2015 9:15 AM 17

    SEOUL (Reuters) - Samsung Electronics said on Thursday it will freeze its South Korean employees' wages in 2015 for the first time in six years, after the world's top smartphone maker suffered a fall in profits in the face of rising competition. The South Korean giant in January recorded its first annual profit decline since 2011, as it lost market share

  • Facebook pays bug hunters $3 million; India reports largest threat

    26 February, 2015 7:48 AM 36

    New Delhi: Social networking giant Facebook has paid over USD 3 million since 2011 to security researchers who report bugs on its website, with India topping the tally with the largest number of valid threats reported. India, which has over 112 million Facebook users, cornered an average reward of USD 1,343 (about Rs 84,000) in the US-based firm's Bug Bounty

  • India worst affected by Ramnit bug that steals passwords, personal details from users' computers: Report

    26 February, 2015 6:56 AM 66

    New Delhi:India has been the biggest victim of Ramnit, a malware that has infected 3.2 million computers globally and defrauded many others, security software firm Symantec said. At present, cyber criminals are using Ramnit to mainly focus on information-stealing tactics, targeting passwords and online banking login credentials. They also install remote

  • Samsung to freeze salaries for the first time in six years

    26 February, 2015 6:35 AM 28

    Seoul: Samsung Electronics said on Thursday it will freeze its South Korean employees' wages in 2015 for the first time in six years, after the world's top smartphone maker suffered a fall in profits in the face of rising competition. The South Korean giant in January recorded its first annual profit decline since 2011, as it lost market share to Apple

  • Tougher Internet rules to hit cable, telecoms companies

    26 February, 2015 6:14 AM 20

    By Alina SelyukhWASHINGTON (Reuters) - U.S. regulators are poised to impose the toughest rules yet on Internet service providers, aiming to ensure fair treatment of all web traffic through their networks.The Federal Communications Commission is expected Thursday to approve Chairman Tom Wheeler's proposed "net neutrality" rules, regulating broadband providers

  • What is net neutrality? U.S. debates once again

    26 February, 2015 6:07 AM 21

    REUTERS - The U.S. Federal Communications Commission will vote Thursday on new rules to regulate Internet providers more heavily.Following are some details about the concept of net neutrality and the FCC's work to regulate Internet traffic:WHAT IS NET NEUTRALITY?Net neutrality is the principle that Internet providers should treat all traffic on their

  • European SIM maker confirms hacking by spy agencies NSA, GCHQ

    26 February, 2015 4:42 AM 41

    The Hague: After an internal investigation, digital security company Gemalto has concluded that it had "reasonable grounds to believe" that it was hacked by US National Security Agency (NSA) and Britain's Government Communications Headquarters (GCHQ), the Amsterdam-based company stated Wednesday. On February 19, 2015, news website The Intercept revealed

  • Lizard Squad hacking group defaces Lenovo website with goofy webcam selfies of teen

    26 February, 2015 3:27 AM 164

    New Delhi: After the SuperFish controversy, Lenovo again got into trouble when hackers turned its official website into a teen's selfie slideshow. Lizard Squad, which is a hacking group, took over Lenovo's homepage and posted images of a teen with a funny haircut posing for the webcam. The slideshow gave out link to the group's Twitter account, Gizmodo

  • Lenovo website breached, hacker group Lizard Squad claims responsibility

    26 February, 2015 2:46 AM 26

    By Devika Krishna Kumar and Gerry Shih(Reuters) - China's Lenovo Group Ltd website was hacked, the company said on Wednesday, days after the U.S. government advised Lenovo customers to remove a pre-installed virus-like software, "Superfish", on laptops that makes the devices more vulnerable to attacks.Hacking group Lizard Squad claimed to be behind the attacks