Business Briefs – March 28, 2017

Wells Fargo to Pay $110 Million To Settle Fake Account Suit

NEW YORK (AP) — Wells Fargo says it will pay $110 million to settle a class-action lawsuit over the up to 2 million accounts its employees may have opened for customers without getting their permission. It’s the first private settlement that Wells has reached since the company paid $185 million to federal and California authorities late last year

What Makes a Cyberattack? Experts Lobby to Restrict the Term

LONDON (AP) — Policymakers have sometimes struggled to distinguish this-means-war cyberattacks from more mundane forms of electronic subterfuge. Now a disparate group of academics, lawyers and analysts is drawing up guidelines to help, pushing back against the lay person’s definition of “cyberattack” that seems to encompass virtually anything bad done with a computer.

House Votes to Block Obama-Era Online Privacy Rules

WASHINGTON (AP) — The Republican-led House has voted to block online privacy regulations issued during the final months of the Obama administration. It’s a step toward allowing internet providers such as Comcast, AT&T and Verizon to sell the web browsing habits of their customers. The Federal Communications Commission rule was designed to give consumers greater control over how internet service providers share information.