 | Good afternoon Bit |  |  | Mere days after Sony began restoring access to its PlayStation Network, the company said it had discovered a security flaw on one of the websites set up to help the millions of users affected by April's massive data breach reset their passwords.
The "security hole", as Sony spokesman Dan Race termed it, could allow the hackers who perpetrated the April breach to access the accounts using the data they had stolen. Sony shut the webpage down in response. No hacking had taken place prior to taking down the page, Race noted.
Hacking occupied the minds of executives at the Reuters Global Technology Summit as well. Mobile hacking in particular was a hot topic of discussion, with executives at software giants and startups alike expressing their desire to cash in on ways to help smartphone users protect themselves as hackers increasingly target mobile devices.
"The mobile security market will one day be bigger than that of computers," said Neil Rimer, co-founder of Geneva-based fund Index Ventures.
In other summit news, a senior Intel executive told Reuters that the popularity of the iPad and other Apple devices often helps shape how the chipmaker thinks about future devices and the chips that will power them. An executive at Rovio, creator of the popular mobile game Angry Birds, told Reuters it is aiming for a stock market listing in New York within two or three years.
Microsoft co-founder Bill Gates seems pleased with his company's acquisition of Skype. Combining Microsoft and Skype will vastly improve the state of video conferencing, Gates told the BBC in an interview. | | | LATEST NEWS | | China piracy cost U.S. firms $48 billion in 2009: report | | May 18, 2011 04:04 PM ET | | BIG SKY, Montana (Reuters) - Chinese piracy and counterfeiting of U.S. software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released on Wednesday. | Full Article | | Mobile hacking sets off security gold rush | | May 18, 2011 10:33 AM ET | | PARIS (Reuters) - Hackers are increasingly aiming attacks at smartphones, touching off a race among software giants, startups and telecom operators seeking to cash in on ways to help consumers protect themselves. | Full Article | | | BUSINESS NEWS
| | Most at Fed want rate hikes before asset sales | | May 18, 2011 04:11 PM ET | | WASHINGTON (Reuters) - Most Federal Reserve officials prefer to raise rock-bottom interest rates before selling assets when the time comes to tighten policy, restoring their main tool for managing the economy, according to minutes of their April meeting. | Full Article | | Hotel maid to testify, IMF chief pressured to quit | | May 18, 2011 05:25 PM ET | | NEW YORK/PARIS (Reuters) - A hotel maid who says IMF chief Dominique Strauss-Kahn tried to rape her was due to testify to a New York grand jury on Wednesday, as the French presidential hopeful faced growing pressure to resign. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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