Target will shell out $18.5 million to states to close investigations into its 2013 data breach. The company will also provide credit monitoring for those affected by the breach and will take steps to boost its cybersecurity, including designing a better security program, updating software and storing cardholder information in a separate area.
British game studio Space Ape has announced that Finnish mobile game company Supercell, maker of "Clash of Clans," has bought a 62% equity interest in the company. The transaction valued Space Ape at $90 million.
Government requests to Apple for user data for national security purposes jumped from between 2,750 and 2,999 in the first half of 2016 to between 5,750 and 5,999 in the second half, according to Apple's latest transparency report. The company also received 30,184 requests for technical information on devices from global law enforcement agencies.
Microsoft has reportedly signed a deal to purchase cybersecurity startup Hexadite for $100 million, an Israeli news source said. The company's investors include Hewlett Packard Ventures.
Huawei announced plans at a news conference in Germany to enter the global PC market with three models -- a 2-in-1 tablet, a 13-inch ultra-slim, metallic notebook and a 15.6-inch notebook. Huawei hopes to compete in the premium market with Dell, Lenovo and HP.
The Western Australia town of Joondalup will receive smart technology from wireless carrier Telstra. The smart initiative includes the addition of 32 smart trash bins; a government platform that uses real-time data to combat congestion; and a smart parking lot that will monitor empty spaces, light, pollution and noise levels.
Cyberattacks have continued to grow in recent years, despite increasing amounts spent on cybersecurity, because businesses are putting more data online, are not being creative with passwords and have a lack of regulations governing security, Grant Elliott writes. However, companies need to categorize data by sensitivity and know which employees have access to what information and what level of protection business data requires.
Tradfri, a line of smart light bulbs that will be voice-controlled soon, will work with Alexa, Google Assistant, HomeKit and Siri. The updated bulbs will roll out this summer, and IKEA is expected to introduce more smart home items in the future.
Microsoft is hoping its fifth Surface Pro version will help it recover from last quarter's 26% drop in sales. The updated version features the latest Intel processing chip and longer battery life; a dongle to offer USB connectivity is in the works.
Sources say Western Digital is offering $17.8 billion to acquire Toshiba's semiconductor business, with financing from the Innovation Network Corp. of Japan and the Development Bank of Japan. Toshiba hopes to receive at least $17.8 billion for a majority stake in Toshiba Memory, one of the world's largest vendors of NAND flash memory devices.
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