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The U.S. Attorney’s Office said on Wednesday that a former software engineer working for Chicago-based CME Group pleaded guilty to theft of trade secrets after he stole source code and other proprietary information from the company.

LOS ANGELES  — A 21-year-old man whose alleged Internet rant about killing children alarmed law enforcement authorities, leading them to knock down his door and arrest him, is being described by his own attorney as "just a dumb kid."

BEIJING - Despite several years of escalating diplomacy and warnings, the U.S. is making little headway in its efforts to tamp down aggressive Chinese cyberattacks against American companies and the government. U.S. Defense Secretary Leon Panetta, who is wrapping up three days of meetings with military and civilian leaders, said he has brought the issue up at every session and come away with little more than agreements to talk again.

Cyber Espionage Attacks Hit Philippine Oil Company and Canadian Energy FirmResearchers from Dell SecureWorks’ Counter Threat Unit say they have discovered yet another cyber espionage campaign targeting oil and energy companies. 

Employees are increasingly turning to web-based or web-enabled applications to help get their jobs done. To combat the risks associated with these applications, one of the most significant evolutions in network security over the last few years has been the advent of application control. This technology gives administrators visibility and control over each application that is allowed to communicate on the network.

IBM's X-Force 2012 mid-year report found a sharp increase in browser-related exploits, Mac-based attacks, and SMS related scams. Since its last Trend and Risk Report, released at the beginning of the year, IBM's X-Force has seen an increase in malware and malicious Web activities, a disconnect in how corporations implement "bring your own device" (BYOD) programs, and increased concern in how users are selecting passwords to protect their various Web accounts.

MANILA - The Philippines said Thursday it had deported 279 Taiwanese accused of running a multi-million-dollar online scam that prompted stepped-up airport screening to guard against criminal gangs. The Taiwanese were put on two chartered flights on Wednesday to Taipei, where they face prosecution, immigration spokeswoman Antonette Mangrobang said.

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