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A computer security researcher has stumbled upon another huge file of stolen user names and passwords that was posted on the ‘net for other hackers to enjoy. According to web security firm Trustwave, hackers have stolen login usernames and passwords across various sites in the past month with the help of Pony malware, a bit different than a typical breach. Although these are accounts for online services such as Facebook, LinkedIn, Twitter and Google, this is not the result of any weakness in those companies networks. Individual users had the malware installed on their machines and had their passwords stolen. Pony steals passwords that are stored on the infected users’ computers as well as by capturing them when they are used to log into web services. The malware was configured so that the majority of the credential information was sent to a server in the Netherlands. The server does not show from which countries the information came from however confirmed attacks targeted users worldwide including in the U.S., Germany, Singapore, Thailand and others. Facebook accounted for about 57% of the compromised accounts, followed by Yahoo 10%, Google 9%, Twitter 3% and LinkedIn 1.5%.
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April 11, 2012One thing that has made every business news conglomerate is that Facebook has chosen the NASDAQ (NDAQ) for the IPO. This is great for the NASDAQ group they lost LinkedIn (LNKD), Pandora (P) and Yelp (YELP) recently. The latest IPO boom every market has been trying to sweeten the deal for technology and internet companies when Zynga (ZNGA) made its IPO it choose NASDAQ. What does this mean for the NASDAQ Index with Apple (AAPL), Amazon (AMZN), Google (GOOG), Groupon (GRPN), Zynga (ZNGA), Microsoft (MSFT), Netflix (NFLX) and now Facebook joining then market index? With all these BIG technology companies joining the NASDAQ or already being part of the Index as long as they do good so will the Index. If a few of them should start to do badly so will the Index value. One of the major concerns is what if the technology bubble breaks again the whole NASDAQ market could tank. This is a major concern when a market gets top heavy with a certain type of business stock. Facebook’s IPO has been anticipated for a while and looks to be very strong and beefed up. With any social media company there is always concerns especially after the failure of Myspace. Facebook’s revenue is derived from ads and games. Facebook has hung around longer, has a much better following and is biggest of any social media company to date. I be leave myself that these tech IPO’s have been the saving grace for the stock market and are adding to the rebound of our economy just like the Computer and PC industry helped our economy in the 80’s and the dot com industry did in the 90’s. Facebook is looking to IPO at $150.00 a share and I be leave it will sky rocket on opening day despite recent tech IPO’s not doing great on opening day. Most investors and share holding are waiting for the Mark Zuckerberg to ring the NASDAQ bell.