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China on Wednesday appointed a new head of its powerful internet regulator, a man who has publicly vowed to maintain the ruling Communist Party's tight grip over cyberspace. In a brief report, the official Xinhua news agency said Lu Wei will no longer head the Cyberspace Administration of China, naming one of his deputies, Xu Lin, as his replacement. Xu, 53, was in charge of propaganda in China's commercial capital Shanghai from 2013-15 before being moved to Beijing to become a deputy to Lu, according to his biography.
By Michael Holden and Elizabeth Piper LONDON/BRUSSELS (Reuters) - European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth. Financial markets recovered slightly after the result of Thursday's referendum wiped a record $3 trillion (£2.25 trillion) off global shares and sterling fell to its lowest level in 31 years against the dollar, but trading was volatile and policymakers said they would take all necessary measures to protect their economies. Chancellor George Osborne, whose attempt to calm markets had fallen on deaf ears on Monday, said the country would have to cut spending and raise taxes to stabilise the economy after a third credit ratings agency downgraded its debt.
China moved closer on Monday to adopting a controversial cybersecurity law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten greater censorship. China enforces widespread controls over the internet that it has sought to codify in law, and Chinese laws often go through multiple readings and drafts before they are adopted. The draft, presented before the standing committee of the National People's Congress, requires network operators to comply with social morals and accept the supervision of the government and public, official news agency Xinhua said.
Bangladesh's central bank has ended a contract with U.S. cyber security firm FireEye to investigate February's online theft of $81 million, turning down a proposal to extend the agreement, a senior official said on Monday. More than four months after hackers broke into the computer systems of Bangladesh Bank and transferred money from its account at the Federal Reserve Bank of New York, investigators in Bangladesh and the United States are still trying to identify them. FireEye's Mandiant division had asked for 570 hours of additional work to complete its investigation into the biggest cyber heist in history, sources at the bank had said earlier.
WASHINGTON (AP) — Former Secretary Hillary Clinton failed to turn over a copy of a key message involving problems caused by her use of a private homebrew email server, the State Department confirmed Thursday. The disclosure makes it unclear what other work-related emails may have been deleted by the presumptive Democratic presidential nominee.
WASHINGTON (AP) — State Department staffers wrestled for weeks in December 2010 over a serious technical problem that affected emails from then-Secretary Hillary Clinton's home email server, causing them to temporarily disable security features on the government's own systems, according to emails released Wednesday.
By Jonathan Stempel NEW YORK (Reuters) - The U.S. Securities and Exchange Commission sued a U.K. man it said hacked into online brokerage accounts of several U.S. investors, placed unauthorized stock trades, and within minutes made profitable trades in the same stocks in his own account. A federal judge issued an emergency order freezing assets belonging to the defendant, Idris Dayo Mustapha, the SEC said on Wednesday, shortly after filing its civil lawsuit with the U.S. District Court in Manhattan. It was unclear whether Mustapha had a lawyer.
By Sanjeev Miglani and Serajul Quadir DHAKA (Reuters) - Bangladesh's central bank is unlikely to extend the contract of U.S. cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors. The move comes as law enforcement in Bangladesh and the United States have reported little progress in identifying the criminals more than four months after one of the biggest cyber heists to date. FireEye's Mandiant forensics division was hired by Bangladesh Bank weeks after the cyber heist in early February.
By Yasmeen Abutaleb and Alastair Sharp SAN FRANCISCO/ TORONTO (Reuters) - At least a dozen countries are considering or have enacted laws restricting online speech, a trend that is alarming policymakers and others who see the internet as a valuable medium for debate and expression. Such curbs are called out as a threat to the open internet in a report on internet governance set to be released today at an Organization for Economic Cooperation and Development meeting in Cancun, Mexico. The report, reviewed by Reuters, warns of dangers for the global internet, including intrusive surveillance, rising cybercrime and fragmentation as governments exert control of online content.
By Joseph Menn and Jim Finkle SAN FRANCISCO (Reuters) - The Chinese government appears to be abiding by its September pledge to stop supporting the hacking of American trade secrets to help companies there compete, private U.S. security executives and government advisors said on Monday. FireEye Inc, the U.S. network security company best known for fighting sophisticated Chinese hacking, said in a report released late Monday that breaches attributed to China-based groups had plunged by 90 percent in the past two years. FireEye's Mandiant unit in 2013 famously blamed a specific unit of China's Peoples Liberation Army for a major campaign of economic espionage.