Author: Jordan Robertson
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Weak security enables credit card hacks
Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers. And while you may take steps to protect yourself against identity theft, an Associated Press investigation…
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Don’t fret about Conficker worm: Here’s what to do
SAN FRANCISCO (AP) – The Conficker worm, a nasty computer infection that has poisoned millions of PCs, will start ramping up its efforts Wednesday to use those machines for cybercrimes. It’s unclear whether everyday PC users will even notice, but this is as good an excuse as any to make sure your computer is clean.There…
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IBM to lay off 5,000 US-based workers
SAN FRANCISCO – IBM Corp. plans to lay off about 5,000 U.S. employees in a new round of job cuts, the Associated Press has learned. The move reflects IBM’s aggressiveness in shifting labor to lower-cost regions like India and keeping its profits aloft at a time when other technology companies’ earnings are tumbling. An IBM…
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Intel will miss lowered goals
SAN FRANCISCO • Even after sharply reducing its outlook for the fourth quarter, Intel Corp. said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted than it seemed only two months ago. Intel shares closed down 6 percent. Santa Clara, Calif.-based…
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Sun Microsystems slashes jobs in survival fight
SAN FRANCISCO • The economic downturn might be pushing Sun Microsystems Inc., one of the storied names in computing, to the brink of extinction. The company’s servers and software helped stimulate the Internet boom, and its engineering acumen is revered. But Sun never fully recovered from the previous financial crisis – the dot-com meltdown –…
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Security breaches at Citibank ATMs
SAN JOSE, CALIF. – Hackers broke into Citibank’s network of ATMs inside 7-Eleven stores and stole customers’ PIN codes, according to recent court filings that revealed a disturbing security hole in the most sensitive part of a banking record.The scam netted the alleged identity thieves millions of dollars. But more importantly for consumers, it indicates…
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FTC opens formal probe into Intel’s tactics
SAN JOSE, CALIF. – Escalating the world’s largest computer chipmaker’s legal woes, the Federal Trade Commission has opened a formal probe into Intel Corp.’s sales tactics, a victory for its much smaller rival, Advanced Micro Devices Inc.Intel disclosed Friday that it has received a subpoena from the FTC for records about Intel’s microprocessor sales, which…
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Lifelock sued over identity protection
SAN JOSE – Todd Davis has dared criminals for two years to try stealing his identity: Ads for his fraudprevention company, Life-Lock, even offer his Social Security number next to his smiling mug.Now, LifeLock customers in Maryland, New Jersey and West Virginia are suing Davis, claiming his service didn’t work as promised and he knew…
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HP discovery may challenge flash
SAN JOSE, Calif. – For nearly 40 years, scientists have speculated that basic electrical circuits have a natural ability to remember things even when the power is switched off.Researchers at Hewlett-Packard Co. might have proved them right, with a discovery that they hope will lead to memory chips that store more data but consume far…