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U.S. ‘Hacker’ Crackdown Sparks Debate Over Computer Fraud Law

In June 2010, Andrew Auernheimer, a well-known Internet security expert, discovered a gaping hole in AT&T’s website that exposed 114,000 email addresses belonging to the wireless giant’s Apple iPad customers. After a colleague downloaded the data, Auernheimer passed the information to a journalist at the wesbite Gawker. The episode was a major embarrassment for AT&T because the list included thousands of high-profile individuals, including New York City Mayor Michael Bloomberg and then-White House chief of staff Rahm Emanuel. AT&T quickly patched the hole. The FBI promptly launched an investigation, and last November, Auernheimer was convicted of two felony counts under the Computer Fraud and Abuse Act (CFAA), a 1980s-era law originally designed to punish and deter intrusions into government and financial industry computer systems. His colleague, Daniel Spitler, pleaded guilty last year. On Monday, Auernheimer, 27, was sentenced to 41 months in prison and ordered to pay $73,000 ...

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Found more than 1 month ago on channel TIME Business

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Google Hits ‘Glass’ Pedal as Apple Returns to Earth

The U.S. technology industry is one of the most dynamic in the world, particularly with respect to mobile and Internet-based computing, two areas that are evolving at breakneck speed. Things can happen very quickly in the tech space: One day you’re up, the next day you’re down. Take Apple and Google, two tech titans currently battling for dominance in the mobile Internet wars. Over the last several months, Google shares have increased by nearly 20% — last week topping $800 — while Apple shares have fallen by more than 30%. Much of the movement happened in the last few months of 2012, as large investors, including hedge funds, pulled money out of Apple and, in some cases, poured it into Google, in order to maintain exposure to the “large-capitalization” technology sector, according to Colin Gillis, senior technology analyst and director of research at BGC Financial. “As Apple started selling off, Google started taking off,” Gillis said in a phone interview. “If you’re ...

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Found more than 1 month ago on channel TIME Business

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'The Daily' doomed by dull content and isolation

LOS ANGELES -- It was too expensive. It lacked editorial focus. And for a digital publication, it was strangely cut off from the Internet. That's the obituary being written in real time through posts, tweets and online chats about The Daily, the first-of-its-kind iPad newspaper that is being shut down this month....

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Found more than 1 month ago on channel Associated Press

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PODCAST: McDonald's gets the boot, housing starts hit a new roof

Wednesday, October 17, 2012 - 09:22 Joe Raedle/Getty Images After 20 years, McDonalds is being evicted from its location in the upscale Galleria Vittorio Emanuele in Milan. Nike said this morning it has severed its endorsement deal with Lance Armstrong. Armstrong also says he is stepping down as chair of the Livestrong cancer charity he founded. He says he doesn't want the doping allegations against him to distract from its mission. Markets are up in Europe after Moody's kept its credit rating for Spain right where it was . Spain has also been sending increasing signals it will ask for a bailout. A major Spanish index, the IBEX 35, ended the day up 2.3 percent. New construction on apartments and single family homes reached the highest point in September in more than four years . New mortgage applications for home purchases were lalso up last week. Bank of America reports an official quarterly profit of essentially "nothing-per-share." The bank got hammered by a legal settlement related to ...

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Found more than 1 month ago on channel Marketplace.org

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Brands: What not to do in mobile

With news about the upcoming release of Apple's iPhone 5, rumors about a smaller iPad product and a new Kindle Fire, more brands are looking into the mobile space with interest. These new releases may push more people to think about the Internet as more than a desktop/laptop diversion. But, for brands to engage, they'll have to change their thinking, too.

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Found more than 1 month ago on channel BizReport

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