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Gmail available in Burmese, the email's 74th language
by Staff Writers
San Francisco (AFP) Feb 25, 2015


Bank regulator eyes tougher rules to fight hacking
New York (AFP) Feb 25, 2015 - Banks could be required to beef up their online password systems under new regulations designed to avert a so-called "cyber 9/11," a top financial regulator said Wednesday.

Benjamin Lawsky, who leads New York state's Department of Financial Services, said more steps were needed to prevent what he called an "Armageddon-type cyber event" that disables the financial system.

The current password system for online accounts is "very vulnerable," said the regulator, who rose to prominence with big financial settlements negotiated with the US against BNP Paribas and other financial heavyweights.

"I am deeply worried that we are soon going to see a major cyber attack aimed at the financial system that is going to make all of us to shudder," he said.

"Indeed, we are concerned that within the next decade or perhaps sooner we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time -- what some have termed a 'cyber 9/11.'"

Lawsky said such an event could create "a run or panic that spills over into the broader economy."

He said the department is considering mandating banks and other financial institutions to establish a "multifactor authentication" system whereby users would log in with a randomly generated password sent to a smartphone in addition to a conventional password.

The agency is weighing whether such new password requirements would fall on bank employees or consumers who do online banking, a Lawsky spokesman said.

Other proposals under consideration include rating banks and insurers on their cybersecurity as part of regular oversight of the banks used to determine if banks can pay dividends or make acquisitions.

Lawsky is also considering forcing financial institutions to require certifications of cybersecurity controls from third parties working in a bank, such as a law firm or a company brought in to do maintenance.

Cybersecurity was spotlighted at a summit two weeks ago in California at which President Barack Obama, Apple chief executive Tim Cook and others called for closer collaboration between government and the private sector to hold hackers at bay.

The biggest hacking episode on a bank came last year when contact details were taken for some 76 million households and seven million businesses in an attack on JPMorgan Chase.

However, JPMorgan said there was no evidence that critical account information such as account numbers, user identities or social security numbers were stolen by the hackers.

While the Treasury and Federal Reserve are main US bank regulators, New York is important because it is home to many large banks. Lawsky's office has the authority to revoke the charters of banks and insurance companies operating in the state.

Google said Wednesday that Gmail is now available in Burmese, marking the 74th language for the popular email service.

"As a country of 53 million, Myanmar's recent opening-up has triggered an explosion of people coming online," Google product manager Brian Kemler said in a blog post.

"As recently as 2011, a mere 500,000 Myanmar citizens were able to access the Internet, which was less than one percent of the population," he added.

He said the number of people in Myanmar who can get online has grown to 2.6 million, as the availability of mobile phones has increased.

Kemler noted that "our team has been working hard to ensure Google is ready to support this new community in their own language."

"To capture the nuances of this language and make sure the translations were accurate, consistent and complete, we relied on an array of Myanmar speakers from within the country, and around the world," he said.

"In April 2013 we launched Google Search in Myanmar, and today we're excited to announce that Gmail now supports Myanmar (Burmese), our 74th language."

A quasi-civilian regime that came to power in 2011 has ushered in a new era of political openness in the Asian country but a clause under the junta-era constitution still bars Nobel laureate Aung San Suu Kyi from the presidency.

Google unveils reorganization in Europe
New York (AFP) Feb 25, 2015 - Google said Wednesday it was launching a reorganization of its European operations in the face of a tougher regulatory environment.

The overhaul was first reported by the Financial Times, citing Matt Brittin, an executive who will head a new unit unifying two separate European divisions.

Google's press office confirmed the reorganization in an email to AFP without elaborating.

Sources familiar with the reorganization said it was aimed at simplifying Google's structure in Europe and responding better to customers and policymakers in the region.

The move comes with Google under pressure in Europe on compliance with rules giving residents a "right to be forgotten," which requires the online giant to remove certain information in search queries.

Google is also facing a four-year-old antitrust investigation by EU officials and efforts by some EU countries to impose taxes on profits that are shifted to low-tax jurisdictions.

Amid complaints from news organizations which claimed the US firm was eating away at online revenues, Google shut its popular online news service in Spain in protest at a law which would make it pay for content.

The British government in December slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers.

The levy -- nicknamed the 'Google tax' because of the high number of technology firms seeking to avoid tax -- will come into force in April.

Brittin was quoted as saying the changes were also a response to competitive pressures, particularly from Silicon Valley rivals.

"Just talking with publishers the other day, many get most of their traffic from Facebook or Twitter, not from Google," he told the FT.

Brittin, who headed the northern and western European operations for Google, will take over a new unit that includes the company's southern and eastern European division. He will be based in London.


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INTERNET SPACE
Google unveils reorganization in Europe
New York (AFP) Feb 25, 2015
Google said Wednesday it was launching a reorganization of its European operations in the face of a tougher regulatory environment. The overhaul was first reported by the Financial Times, citing Matt Brittin, an executive who will head a new unit unifying two separate European divisions. Google's press office confirmed the reorganization in an email to AFP without elaborating. Source ... read more


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