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By Joseph Menn WASHINGTON (Reuters) - Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to three sources with knowledge of the matter. Cybersecurity experts said a password-stealing software program known as Dyre — believed to be responsible for at least tens of millions of dollars in losses at financial institutions including Bank of America Corp and JPMorgan Chase & Co — has not been deployed since the time of the raid. Experts familiar with the situation said the case represents Russia’s biggest effort to date to crack down on cyber-crime. more...


BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. "As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce," the company said in an emailed statement. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed. more...


By Mark Hosenball WASHINGTON (Reuters) - U.S. and UK spy agencies and police may soon be allowed to directly ask media companies in each others' countries for email and online chat data for people being investigated, under a tentative bilateral deal, officials said on Friday. As governments worldwide and online companies struggle to strike a balance between privacy rights and law enforcement imperatives, three U.S. officials confirmed a pact is in the works, although it would require congressional approval. First reported by The Washington Post, the talks were focused on letting UK agencies, such as counter-intelligence unit MI5, serve "production orders" on U.S. firms demanding data for “live intercepts” in inquiries involving UK citizens. more...


NEW YORK/SAN FRANCISCO (Reuters) - Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products. more...


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