Citigroup estimates that around 3,400 customers were affected by the online security breach it experienced earlier this year, costing somewhere in the region of $2.7 million when credit card information was stolen by hackers.
This is the first time that Citi is publicly acknowledging any financial losses as a result of the hack, which …
So long, LulzSec, we hardly knew ye. The infamous—and I say “‘infamous” like the term was used to describe El Guapo in Three Amigos—band of merry hackers called it quits over the weekend. And I say “called it quits” like someone goes from smoking inside their house to only smoking outside, at parties, and when all the windows are …
It may have been the most unexpectedly sexy PowerPoint presentation about a substance abuse center’s achievements ever witnessed. But then, most PowerPoint presentations about substance abuse don’t feature pornographic images, to the best of my knowledge.
Walter Powell, a 52 year old former director of management information systems …
A survey of 583 companies in the U.S. has revealed that “90% of the respondents said their organizations’ computers had been breached at least once by hackers over the past 12 months,” according to Computerworld.
These aren’t just small businesses we’re talking about either. The study (available here as a PDF) “surveyed 583 IT and IT …
Of all the server hosting contingency plans on the books, here’s one you probably missed: web server takedown and seizure by the Federal Bureau of Investigation.
It just happened in Reston, Virginia on Tuesday, though at this point it’s anyone’s guess why. All we know is that the timing coincides with yesterday’s reported arrest by …
Rumors abound saying that Hulu may sell itself soon. The video streaming service was recently approached with an unsolicited buyout offer which, according to the Los Angeles Times, reportedly came from Yahoo.
Let’s not take any bets on it yet; TechCrunch says the offer might not be from Yahoo. Meanwhile, the cloaked identity of the …
Netflix has been at the center of several legal battles as of late, including contract issues with Sony and the controversy over whether sharing your password should be a felony.
Now, the newest lawsuit opened against the streaming video giant takes aim at the service’s lack of subtitles for its “Watch Instantly” videos and TV …
Of all of Apple’s failures, one of the tech company’s more disastrous was its move into social music sharing with Ping. Things got so bad that Lady Gaga, the social network’s face, publically called the results “underwhelming,” while Apple’s once-promising service didn’t even warrant a mention during WWDC earlier this …
If hacker collective Anonymous dominated the headlines the first half of this year, the second half may belong to upstart Lulz Security, whose brazen and prolific hacking is unprecedented.
In the past 30 days its targets have run the gamut from PBS to Sony to the CIA, and LulzSec has recently set its sights on Anonymous itself. So …
Nowadays, we’re used to hearing about technology companies appearing and disappearing in the blink of an eye, where the competitive dogma of the business world has many fighting for scraps just to stay alive.
Too often, it’s because these fat cow companies tend to rest on their laurels, chasing quick dollars after building scale (like …
Pandora filed for their initial public offering yesterday, set initially at $16 per share. Upon opening today, its value climbed briefly up to $25, and has since leveled off to around $23.
Although the internet-radio company is expecting $250 million in revenue this year, it’s still operating at a loss — as we’ve
Verizon Wireless is teaming up with mobile transaction service Payfone to bring a new mobile payment system to customers. The service will work across smartphones, tablets and PCs, and will charge purchases to participating customers’ Verizon statements or through their usual bank accounts, supplementing a partnership with mobile wallet …
