A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017. Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital advertising in America last year.
Hidden motion sensors in mobile phones can allow criminals to steal banking details and passwords, new research indicates.
Cyber experts believe hackers can access the information simply from the way a mobile phone tilts while being held.
The way you hold – and tilt – your smartphone and type on your touchpad could put you at risk of data hacking, say scientists.
Cyber experts at Newcastle University found that criminals use motion sensors in phones to track hand and finger movements to obtain users’ PINs and passwords.
Apple admitted that some of its most famous customers’ iPhone accounts were invaded by hackers, as US law enforcement investigates the mass leak of intimate photographs of more than 100 celebrities.
Its central iCloud systems were not breached in the attack, despite claims by the hackers, Apple stressed, averting a wider threat that might have affected all iPhone owners.
Silicon Valley has changed a lot over the past few decades. Back in 1991, storage company Seagate had a poster that showed the biggest companies in the area. A few, like IBM and Apple, are iconic. Many others no longer exist.
Here’s what the bay area looked like before the dotcom era (via Reddit).