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Facebook pays $10,000 to 10-year-old Instagram hacker
Social media giant Facebook has paid a $10,000 reward to a 10-year-old Finnish boy for finding a glitch in its picture sharing app Instagram. Jani, whose last name was not released for privacy reasons, is the youngest ever recipient of Facebook's "bug bounty", paid to users who find bugs or weaknesses in its platforms. "I wanted to see if Instagram's comment field could stand malicious code.
Wed, 04 May 2016 09:56:16 -0400
India rejects Apple's plan to import used iPhones
By Himank Sharma MUMBAI (Reuters) - India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones. Apple sells what it calls refurbished iPhones at a discount in some countries, including the United States. Extending this practice to India would have likely helped it increase its share in one of the world's fastest growing smartphone markets against competitors with much cheaper offerings.
Wed, 04 May 2016 06:25:21 -0400
Exclusive: Big data breaches found at major email services - expert
Hundreds of millions of hacked user names and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters. The discovery of 272.3 million stolen accounts included a majority of users of Mail.ru , Russia's most popular email service, and smaller fractions of Google , Yahoo and Microsoft email users, said Alex Holden, founder and chief information security officer of Hold Security. It is one of the biggest stashes of stolen credentials to be uncovered since cyber attacks hit major U.S. banks and retailers two years ago.
Wed, 04 May 2016 11:11:54 -0400
Amazon's business marketplace hits $1 billion in sales
By Nandita Bose CHICAGO (Reuters) - Amazon.com Inc's business marketplace, which connects businesses with suppliers, has generated $1 billion in sales in its first year, making it a significant player in a fragmented industry worth more than $8.2 trillion in the United States. Amazon Business offers U.S. businesses exclusive pricing and discounts for buying in bulk, free two-day shipping for orders of more than $49, tax exemption and the option to get products delivered with an Amazon guarantee. "We are continuing to grow at a rate of 20 percent month-on-month, and that highlights ... how strong the need is in this segment," Amazon Vice President Prentis Wilson told Reuters on Tuesday.
Wed, 04 May 2016 09:08:56 -0400
Apple loses China trademark case for 'iPhone' on leather goods
Apple Inc has lost a battle for the use of the "iPhone" trademark on leather goods in China after a Beijing court ruled against the world's biggest technology company in favor of a local firm, state media reported. The Beijing Municipal High People's Court said Xintong Tiandi can continue to use the phrase "iPhone" on its leather goods, according to the Legal Daily, the official newspaper of China's Justice Ministry.
Wed, 04 May 2016 06:02:46 -0400
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