News bites: Iran behind cyberattacks on banks, officials say

The Iranian government is behind online attacks that have slowed or crashed American bank websites, U.S. officials tell The New York Times.

Google Chairman Eric Schmidt is urging North Korea to allow more open access to the Internet and cellphones during his trip to the country, the AP reports. 

A proposal in the European Union would force Facebook, Google and other companies to allow users to shift their data to competitors, Bloomberg writes.  

Apple is working on a less-expensive iPhone, according to The Wall Street Journal.

The Boston Globe notes that media and telecommunications companies are big donors to Rep. Edward Markey (D-Mass.), who is now running for the Senate.

BuzzFeed goes behind the scenes on President Obama's "Ask Me Anything" post on Reddit.