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Overseas hackers nab more than 1TB of data daily

The idea of governments waging futuristic cyberbattles and online espionage campaigns actually isn't too farfetched. A new study released today by Team Cymru basically says as much.

The study, shared exclusively with The Verge, says that overseas hackers are stealing as much as one terabyte of data per day from governments, businesses, militaries, and academic facilities. Apparently, the hackers are using a network of 500 computer servers.

According to a lengthy article by The Verge, Team Cymru concludes that the hackers are so sophisticated and are running such massive campaigns that they must be state-sponsored. "This is Internet … Read more

Facebook wins preliminary OK of 'Sponsored Stories' settlement

Facebook has won preliminary approval of a proposed settlement of a class-action lawsuit filed over the social network's use of members' names and images in advertising.

Under the settlement's terms, Facebook agreed to pay $10 to each user who objected to being included in the social network's "Sponsored Stories" advertisements, as well to initiate user controls that allow people to be excluded from the program.

U.S. District Judge Richard Seeborg said today that the settlement "has no obvious deficiencies" and "appears to be the product of serious" negotiations between lawyers … Read more

Judge mulls over Facebook's offer in 'sponsored stories' suit

It looks like Judge Richard Seeborg may be turning a corner in the lawsuit over Facebook's "sponsored stories" feature. He said today that he would review the social network's second settlement offer and would issue a ruling "very shortly," according to Reuters.

The crux of the case focuses on Facebook's use of advertising in its sponsored stories. The original five plaintiffs, which aimed at representing more than 100 million members in a class-action suit, claimed the social network violated users' right to privacy by publicizing their "likes" in advertisements without asking … Read more

Facebook redoes privacy settlement, offers cash to users

Facebook is taking another shot at a "Sponsored Stories" settlement, agreeing to pay affected consumers and provide a simpler way to review all Sponsored Stories interactions.

The social-networking giant first tried to settle the case several months ago, but a judge rejected the settlement in August, saying he had "serious concerns" with the pact. In particular, the judge wondered how the parties determined the $20 million settlement amount to be paid out by the social network. The amount included $10 million in legal fees for the plaintiff attorneys.

Under the new agreement, filed Friday, Facebook has … Read more

Pay $7 to promote your Facebook status?

Thursday's CNET Update never forgets a face:

Today's tech news roundup begins with a look at Facebook. The network is testing a feature that lets you pay to get your posts seen by more friends. Facebook first began testing this concept in May and it's already in 20 other countries. But it's rolling out to some U.S. users now, and the idea is to pay to show off big news or get more attention to an event. Facebook hasn't set an official price for this, but CNET staffers with the feature are asked to … Read more

Toys 'R' Us takes on tablets with Tabeo

This Monday tech news roundup doesn't want to grow up:

Toys "R" Us has created it's own tablet designed for kids, called Tabeo. It goes on sale in stores Oct. 21 for $150, but the store is now taking preorders online. This kid-safe tablet comes with 50 apps pre-installed for games, education, reading -- even apps for cooking and editing photos. And there's 7,000 more apps available in an app store. It comes with 4GB of memory, but is expandable with a memory card slot. And Toys 'R' Us won't be sharing this … Read more

The 404 1,121: Where we rock out with the pop out (podcast)

Leaked from today's 404 episode:

- The POTUS did an AMA on Reddit yesterday, and here are the Web site's stats.

- Metal Gear Solid movie heads into production, will be produced by Avi Arad.

- Google begins reminding users of friends' birthdays.… Read more

Judge rejects Facebook's 'Sponsored Stories' settlement

A judge has rejected Facebook's settlement of a class-action suit regarding an ad feature that publicizes users' "Likes" of products and services to their Facebook friends but doesn't pay the users for the endorsements or allow them to opt out.

U.S. District Judge Richard Seeborg in San Francisco, who had expressed skepticism about the proposed "Sponsored Stories" settlement at the beginning of August, rejected it yesterday, saying he had "serious concerns," according to a report in Wired. And he specifically wondered how the amounts to be paid out by the social … Read more

Judge casts doubt on Facebook 'Sponsored Stories' privacy deal

A U.S. District Court judge has some concerns about the settlement Facebook struck over privacy concerns with its "Sponsored Stories" feature.

Judge Richard Seeborg yesterday heard the details of a settlement Facebook had inked with plaintiffs in a suit related to the way in which the social network was displayed Sponsored Stories. The five plaintiffs, which aimed at representing over 100 million members in a class-action suit, argued that by displaying their likeness and pages they had liked in a Sponsored Stories listing across the site, Facebook was violating their privacy. However, back in May, the parties agreed to a $20 million deal … Read more