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Tech`s news

(Reuters) - The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The commission created by President Barack Obama earlier this year also recommended that the president and Congress accelerate the pace at which technology is updated in the federal sector and that the president appoint an ambassador for cyber security for efforts abroad. Obama said in a statement after meeting the commission's head, his former national security adviser Tom Donilon, on Friday that his administration strongly supported the commission's "thoughtful and pragmatic" recommendations. more...


President Barack Obama issued an executive order which prohibits China's Fujian Grand Chip Investment Fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron , the Treasury Department said on Friday. The White House said it was blocking the deal following an assessment done by the Committee on Foreign Investment in the United States, an inter-agency task force led by the Treasury Department. Aixtron has said that the deal would be called off if the U.S. president opposed it. more...


Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5 billion rubles. Sychyov was commenting on a central bank report released earlier in the day, that told about hackers breaking into accounts there by faking a client's credentials. more...


Ixia, a U.S. provider of equipment and applications that help maintain computer networks, is exploring a potential sale, people familiar with the matter said on Friday. The company's move comes as the ever increasing volume of data traffic flowing through social media, smartphones and cloud computing tests the resilience and integrity of networks, making offerings such as those of Ixia more popular. Ixia is working with an investment bank on a sale process that is already under way and has attracted the interest of other companies and private equity firms, the people said, asking not be identified because the negotiations are confidential. more...


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