Why Amazon’s Local Marketplace Will Be a Consumer Win

Retail giant Amazon’s rumored move into local services could have a massive impact on consumers if the Seattle-based firm successfully taps its vast trove of information. Citing people familiar with the matter, Reuters reports that Amazon is planning to launch a marketplace for local services later this year. This would pit the online retailer against the likes […]

New Bugs Found in SSL Software that Caused Heartbleed Vulnerability

Security researchers have uncovered new bugs in the Web encryption software that caused the pernicious “Heartbleed” Internet threat that surfaced in April. Experts said the newly discovered vulnerabilities in OpenSSL, which could allow hackers to spy on communications, do not appear to be as serious a threat as “Heartbleed.” Read more about Heartbleed here.

Alibaba Preps Employees for $40 Billion Windfall

(Reuters) – As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly $41 billion they could unlock through a New York listing. While some staffers have enquired if premium brand BMW sells cars in Alibaba’s corporate […]

Volume of Encrypted Email Rising Amid Spying Fears

The volume of email cloaked in encryption technology is rapidly rising as Google, Yahoo, Facebook and other major Internet companies try to shield their users’ online communications from government spies and other snoops. Google and other companies are now automatically encrypting all email, but that doesn’t ensure confidentiality unless the recipients’ email provider also adopts […]

U.S. Says Global Effort Has Hobbled a Cybercrime Ring

In a secret 72-hour blitz over the weekend, the FBI, several foreign governments and a host of security firms dismantled what officials say is the most sophisticated operation ever to commandeer private computers and siphon tens of millions of dollars from American bank accounts. The operation’s alleged Russian ringleader has been indicted on charges of […]