The Treasury Department's Office of Financial Crimes Enforcement Network is requiring banks to provide information about cyberattacks when filing their suspicious activity reports. "Financial institutions can play an important role in safeguarding customers and the financial system from these threats through timely and thorough reporting of cyber-events and cyber-related information in SARs," FinCEN's advisory notes.
Qualcomm has signed an agreement to buy NXP Semiconductors in a deal valued at a total of $47 billion. The acquisition gives Qualcomm the world's top supplier of chips used in autos, which is a rapidly expanding market.
Microsoft has rolled out a high-end computer system, the Surface Studio, in a move that directly competes with Apple for more affluent consumers in the market. The 28-inch computer has a flexible, adjustable display and a touch screen, and it retails for anywhere from $3,000 to $4,200.
The AirPod earbuds promised by Apple to work with its jackless iPhone 7 models were originally due for release this month, but the company now says it needs more time. However, Apple didn't say exactly when the wireless buds would ship or give a reason for the delay.
The University of Maryland's cybersecurity program will soon benefit from a continuing partnership with the National Security Agency, as the organization will provide several teachers for honors courses. NSA employees will also help with research projects, while Advanced Cybersecurity Experience for Students participants will be able to pursue internships at the agency.
Snapchat is considering an initial public offering to raise as much as $4 billion, sources said, in a move that could value the company at $25 billion or considerably more. However, they cautioned that no final decision has been made.
Samsung kept its smartphone market share lead in the third quarter, despite the recall of Galaxy Note7 phones, IDC said. The company holds 20% of the smartphone market, with its closest competitor, Apple, maintaining 12%, IDC noted.
On Wednesday, Microsoft executive Terry Myerson discussed a coming wave of low-cost virtual reality headsets designed to work with Windows 10 PCs at an event in New York City. Lenovo, HP, Asus, Dell and Acer are each planning to release VR headsets at prices as low as $299, Myerson said.
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