News Briefs

UK Raises Cybersecurity Spending to $2.3 Billion

Britain's finance minister on Tuesday announced government's new five year National Cyber Security Strategy, almost doubling the funding from its 2011 plan to 1.9 billion-pound ($2.3 billion). more

Broadband Benefitting US Households by Over $30 Billion Annually, According to Study

According to a recent study, broadband Internet access is now considered by many US households a necessity and they turn to broadband Internet during recession. The study released by Jonathan Orszag, Robert Willig, and Mark Dutz suggests that with $32 billion gains in 2008, consumers increasingly benefit from using broadband at home. "Once people get a taste of the entertainment, educational opportunities, social networking and everyday services that broadband access facilitates, they grasp the immense value it can add to their lives as a powerful tool, regardless of where they come from," said Co-Chairman of the Internet Innovation Alliance Bruce Mehlman. "Once a broadband user, always a broadband user." more

Reprot Suggests China Hacked High-Level Officials at Federal Deposit Insurance Corporation

The former chairman, chief of staff and general counsel of the agency were all infiltrated. more

SpaceX and Indonesia Launch SATRIA-1 Satellite: A $540 Million Leap Towards Comprehensive Internet Connectivity

In a joint venture worth $540 million, SpaceX and Indonesia have successfully launched SATRIA-1, the nation's largest telecommunication satellite, to improve internet connectivity in remote regions of the archipelago. more

British Banks Not Fully Reporting Cyber Attacks, Fear Punishment, Bad Publicity

"Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say," reports Lawrence White in Reuters today. more

Re-Booting Internet Governance: Resurgence of Ideas and Proposals

Milton Mueller reporting at IGP: At the recently concluded Seoul Conference on Cyberspace, a memo was circulated calling for the creation of a "Commission on the Future of Internet Cooperation." The commission, the confidential memo said, would consist of "civic leaders, ministers, CEOs and technical pioneers." Its purpose will be to "provide new ideas for transnational and multistakeholder proposals for Internet governance." According to the leaked document, the group is supposed to begin work in October and conclude its work with a presentation at the World Economic Forum in January 2014. more

US Senators in Letter to Yahoo Say Late Hack Disclosure “Unacceptable”

"A group of Democratic U.S. senators on Tuesday demanded Yahoo Inc (YHOO.O) to explain why hackers' theft of user information for half a billion accounts two years ago only came to light last week and lambasted its handling of the breach as "unacceptable," reports Dustin Volz from Washington in Reuters. more

European Parliament Votes Down Amendments Aimed at Strengthening Network Neutrality

Following some heated debates, the European Parliament today voted down various amendments aimed at strengthening network neutrality in the new telecommunications package which has been on the agenda of the European Union for more than two years. more

Copper Thieves in New Brunswick Impacting Bell Aliant Customers

Bell Aliant customers in the Canadian province of New Brunswick have been experiencing repeated and prolonged disruption to their internet, home phone, and TV services due to vandalism to Bell's network. more