A co-founder of the file-sharing website Pirate Bay has been sentenced in Sweden to two years in prison for hacking into a bank computer.
Gottfrid Svartholm Warg, 28, was arrested in Cambodia last year after Swedish authorities issued an international warrant. He was convicted and sentenced Thursday for hacking Sweden's Nordea bank and U.K.-based services firm Logica.
"The data intrusion has been very extensive and technically advanced," the court said in its ruling.
Online retail sales are cutting into tax revenue in counties and cities, according to a report issued by the U.S. Conference of Mayors on Friday. They estimate the lost revenue for America's largest cities and counties came to about $2.8 billion for 2011 and 2012, combined.