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Anonymous, LulzSec spawn hacker crew offshoots

It's been three months since the arrest of a handful of people accused of conducting denial-of-service and other attacks on police and corporate networks as part of the notorious LulzSec hacking crew.

Yet rather than laying low following the arrests, hacker activists are still going strong and, in fact, regrouping, taking up the baton from the Lulz crew or citing dissatisfaction with the schizophrenic nature of all the various Anonymous operations. Suddenly, there is "LulzSec Reborn," "MalSec," and "SpexSec," fresh names for groups of malicious hackers using old techniques.

It's unknown if … Read more

SpexSec takes aim at alleged terrorists, Zer0Pwn at Louisiana

Two hacking groups have taken aim at two very distinct targets in a data dump on Pastebin.

First up, the hacking organization known as SpexSec today posted the passports and visa information of more than 200 suspected terrorists. In a posting on Pastebin, the organization said that it hopes the data will help the U.S. "close down on some investigations."

"Like we promised, our primary suspects include the U.S Government for torturous and deceptive acts on our own soil, the Educational system for exuberantly being blown-over and belligerently not patching the holes in their system, … Read more

Hackers claim breach of China Telecom, Warner Bros. networks

An Internet hacking group claimed today to have broken into the networks of Warner Bros. and China Telecom, publishing documents and login credentials purportedly stolen in the breaches.

SwaggSec, also known as Swagg Security, announced the hack on its Twitter feed and published a statement on Pastebin, along with links to the purloined files posted to Pirate Bay.

Just in Warner Bros and China Telecom Hacked(Biggest ISP in the world)! pastebin.com/u9n2SBUX

— Swagg Security (@SwaggSec) June 3, 2012

The group leaped to prominence in February when it took credit for a breach of Foxconn network security, resulting in … Read more

Tim Cook opts out of $75M worth of company dividends

Tim Cook has twice been placed atop the list of highest-paid CEOs in recent weeks, and a new legal filing suggests he's not particularly greedy for more.

In a filing with the U.S. Securities and Exchange Commission today, Apple notes that Cook will not be taking the dividend equivalents on his restricted units, a detail of considerable importance given the grant of 1 million restricted stock units last year.

"At Mr. Cook's request, none of his restricted stock units will participate in dividend equivalents," the company said in the filing, which was flagged by MacRumors. &… Read more

Former Yahoo executive charged with insider trading

A former Yahoo executive and a former mutual fund manager at a subsidiary of Ameriprise Financial have agreed to settle insider trading charges, the U.S. Securities and Exchange Commission announced today.

The SEC alleges that Robert W. Kwok, Yahoo's former senior director of business management, and mutual fund manager Reema D. Shah shared confidential information in 2008 and 2009 after a chance meeting in a hallway. The information included a tip about a search engine partnership between Yahoo and the Microsoft.

The allegations resulted in a parallel criminal case also announced today by the U.S. Attorney's … Read more

Facebook's IPO said to have more demand than shares available

Facebook's recent IPO filing and upcoming debut on the Nasdaq may be eliciting speculation of weak demand, but some sources say the social network is doing just fine in rounding up investors.

According to Reuters, which spoke to sources familiar with the share listing, Facebook's IPO is "already oversubscribed." The news source reported that institutional investors have currently "indicated demand for more shares than Facebook has available."

But it hasn't been so rosy up til now. Just yesterday, news broke that the social network amended its S-1 filing with the SEC to emphasize … Read more

Groupon's board adopts some financial discipline

Embroiled in shareholder lawsuits, its stock plunging, and still headed by a CEO criticized as unpredictable, Groupon has found things a bit hectic recently. Which may explain a minor board shakeup that looks a lot like an attempt to put some grownups in control of things.

Financial veterans American Express CFO Daniel Henry and Deloitte vice chairman Robert Bass are to join Groupon's board.

"With their deep financial, accounting, and operational experience, Dan and Bob will provide invaluable expertise to the Board going forward," Groupon Chairman Eric Lefkofsky said in a statement.

Henry joined the board April … Read more

Crime and punishment: Harsh fate for accused LulzSec hackers?

The Anonymous defendants arrested last month for allegedly breaking into corporate networks, stealing data, and defacing Web sites as part of LulzSec are likely to have an extended vacation at Club Fed, experts say.

With well-known victims like Sony, Fox Broadcasting, and the FBI, prosecutors will want to make examples of those arrested in the Anonymous-related hacking cases in the hopes that it will send a message to others.

"I believe they will (get harsh treatment)," Michael Bachmann, assistant professor of criminal justice at Texas Christian University, told CNET in a recent interview.

Like Kevin Mitnick, who was … Read more

Groupon may face SEC probe over earnings revision

Groupon's revision of its first set of financial results as a public company has apparently attracted the attention of federal regulators.

The U.S. Securities and Exchange Commission is examining last week's announcement but hasn't decided whether to launch a formal investigation, an unnamed source familiar with the situation told The Wall Street Journal.

Groupon representatives declined to comment on the report.

The daily deals site said in a regulatory filing Friday that it had discovered "material weakness" in internal controls over its financial statement and that its fourth-quarter results were worse than previously stated … Read more

U.S. 'not winning' war with hackers, says FBI bigwig

With hackers around the world taking aim at business and government sites seemingly at will, one would think the FBI would have a solution. Think again.

Speaking to The Wall Street Journal in an interview published yesterday, FBI executive assistant director and cyber czar Shawn Henry said that despite recent arrests of alleged hackers "Sabu" and others, "we're not winning."

It might be hard to argue with Henry's assertion. Although dozens of hackers have been arrested worldwide, the attacks keep coming. Earlier this week, for example, hackers took aim at a military dating Web siteRead more