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Around 17 of the 97 detained were arrested in a two-day crackdown on the creators, sellers, and users of Blackshades Remote Access Tool (RAT) used to extort 2013 Miss Teen USA Cassidy Wolf a nude video of herself in exchange of the photos captured by the software, The Telegraph reported.

The government of China has reacted strongly to an unsealed indictment by the US Justice Department accusing five Chinese military men of economic espionage, The Los Angeles Times reported.

Former Rothschild adviser Oliver Bender said that his company's initial assessment of the state of Hypo Alpe-Adria-Bank International AG prior to the stake acquisition by Bayerische Landesbank was that of a robust, growing company who had swap losses that were not adequately recognized by the state-backed lender, Bloomberg reported.