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  1. Cyber firm challenges Yahoo claim hack was state-sponsored

    File photo of a man walking past a Yahoo logo during the Mobile World Congress in BarcelonaBy Dustin Volz WASHINGTON (Reuters) - A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a murky investigation into the unprecedented data heist. Arizona-based InfoArmor issued a report whose conclusion challenged Yahoo’s position that a nation-state actor orchestrated the heist, disclosed last week by the internet company. InfoArmor, which provides companies with protection against employee identify theft, said the hacked trove of user data was later sold to at least three clients, including one state-sponsored group.


  2. Citigroup becomes last big U.S. bank to join payments network

    Reflections are seen on the glass facade of a Citibank branch in BeijingCitigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo. Citigroup said in a statement that it will begin offering the service early next year over the clearXchange network. ClearXchange has emerged as the industry's rival to Venmo, a non-bank payment service of PayPal Holdings Inc, which is winning fans among young adults who use it to split apartment rents and dinner tabs.


  3. Gogo plans to speed up its aircraft internet system: COO

    By Alwyn Scott NEW YORK (Reuters) - In-flight internet provider Gogo Inc said on Wednesday it is building a faster version of its air-to-ground system for business and commercial aircraft that will ease a bandwidth bottleneck when it becomes available in 18 months. The service will provide speeds of 100 megabits per second to an aircraft, about 10 times more than Gogo's existing system, Chief Operating Officer John Wade said in an interview. Shares of Gogo were up 2.3 percent in afternoon trading to $12.64.
  4. Dotcom's appeal against extradition to U.S. winds up in New Zealand, ruling likely weeks away

    German tech entrepreneur Kim Dotcom sits in a chair during a court hearing in Auckland, New ZealandBy Charlotte Greenfield WELLINGTON (Reuters) - Lawyers for German entrepreneur Kim Dotcom, wanted in the United States on copyright infringement and money-laundering charges over his file-sharing website Megaupload, argued on Wednesday there was not enough evidence to show he conspired to commit a crime. The Auckland court heard closing arguments in Dotcom's four-week appeal against a lower court's decision to extradite him to the U.S., the first New Zealand court proceedings to be broadcast live on the internet. The appeal took place nearly five years after dozens of black-clad police rappelled into the flamboyant entrepreneur's New Zealand mansion and cut him from a safe room.


  5. Zuckerberg initiative poaches AstraZeneca board member

    Mark Zuckerberg announces the Chan Zuckerberg Initiative to cure all diseases by the end of the century during a news conference at UCSF Mission Bay in San Francisco, CaliforniaThe $3 billion health initiative set up by Facebook co-founder Mark Zuckerberg and his wife Priscilla Chan has hired one of AstraZeneca's non-executive directors to head up its science drive. The British drugmaker said on Wednesday that Cornelia Bargmann would step down from its board next month to take up a new role as president of Chan Zuckerberg Science, part of the Chan Zuckerberg Initiative. Leif Johansson, AstraZeneca's chairman, said the board was sorry to see her leave but understood Bargmann's decision to focus on the new assignment.



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