Apple and the FBI have both denied any involvement in the alleged hacking attack which AntiSec, an offshoot of Anonymous, disclosed on TuesdayRead more

Cyberthieves have cost US companies and their banks more than $15bn in the past five years, the Federal Deposit Insurance Corporation found in a recent study.

Yet regulators say banks could have prevented most of the crime if available security software had been put in place. New US guidelines directing all banks to increase security came into effect this week, designed especially to help protect commercial accounts. But as 2011 drew to a close they had not yet fully sunk in or convinced banks to raise the bar against criminals as needed, regulators warn.

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Jake Davis, the British teenager charged with a range of hacking offences as part of the Metropolitan Police’s investigation into Anonymous and Lulz Security, left a London courtroom in scrum of press and photographers on Monday after being released on bail. Read more

From Twitter accounts and national news sites to Google’s email service, several widely used sites were reported to have been compromised this week in a spree of online cybersecurity breaches.

Update: On Monday, Congressman Anthony Weiner held a press conference at which he admitted that he sent a lewd photograph on Twitter and had lied about being hacked.

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Access to Google search results from within mainland China was blocked recently for many hours, then restored, even as the US company switched explanations for what was happening.

In the meantime, Yahoo email users in China specialising in politically sensitive material complained that their accounts had been compromised, while malicious software tried to install itself on computers in Vietnam used by critics of a Chinese mining investment in that country. Read more

As a new cybersecurity bill paves the way for the US government to share classified information with private sector operators of ‘critical infrastructure’, author Misha Glenny (pictured) writes in the FT that the internet’s uncharted territory is being rapidly nationalised.

While there is clearly a pressing need to define rules that apply in cyberspace, they are emerging at speed with little coherent strategy behind them. Nobody knows where this process will lead for two central reasons. The speed of technological change means that the traditional tools of state used to carve up the world in the 19th century, such as laws and treaties, are often inadequate, if not entirely irrelevant, when applied to this new domain.

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