Merck cyber attack may cost insurers $275 million: Verisk’s PCS

NEW YORK (Reuters) – Insurers could pay $275 million to cover the insured portion of drugmaker Merck & Co’s loss from a cyber attack in June, according to a forecast by Verisk Analytics Inc’s Property Claim Services (PCS) unit.

EU leaders want proposals on taxing online giants early next year

BRUSSELS (Reuters) – European Union leaders said on Thursday they looked forward to seeing proposals on taxing online giants by early 2018 but in a nod to concerns from countries like Ireland said EU efforts had to be in line with work under way at a global level.

After massive quakes, millions in Mexico turn to early warning app

MEXICO CITY (Reuters) – Since two massive earthquakes hit Mexico in September, claiming more than 460 lives, an early warning start-up called SkyAlert has doubled its users to 5.8 million, making it one of the country’s most downloaded apps.

Amazon Web Services resolves connectivity issues in Oregon region

(Reuters) – Amazon.com Inc’s web services unit said on Wednesday that it resolved connectivity issues that affected its Direct Connect customers in the Oregon region in the United States.

U.S. bill to regulate internet ads gains bipartisan support with McCain

(Reuters) – U.S. legislation that would impose new disclosure requirements on political ads that run on Facebook and other websites received support on Wednesday from Senator John McCain, giving a bipartisan boost to a bill already popular among Democrats.

Twitter looks to toughen rules on online harassment, abuse

(Reuters) – Twitter Inc plans to toughen its rules on online sexual harassment and impose stronger penalties for misconduct, according to an email it sent to a group of safety advocates, academics and researchers that helps the social media service set its policies.

Pentagon chief asks Congress to not hinder cyber defense

WASHINGTON (Reuters) – U.S. Secretary of Defense James Mattis this week asked Congress to halt pending legislation that would compel the U.S. to alert foreign governments when the Pentagon has decided to combat certain cyber attacks, according to a letter sent to lawmakers.

Snapchat signs Olympic deal with Eurosport

MANCHESTER, England (Reuters) – Social media platform Snapchat will present Winter Olympics content at next year’s event in Pyeongchang after striking a deal with Discovery communications’ Eurosport, a move which could help the Games reach the younger demographic it craves.