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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (173515)	9/2/2014 3:47:00 PM
From: Ryan Bartholomew	Respond to of 213177

Apple Denies iCloud Breach Apple says some celebrity accounts compromised Those two headlines contrast quite a bit. It was a brute-force hack - one of the oldest kinds - and could be avoided by implementing mutli-layered authentication and alerts that others use. The good news for Apple is that it's easy to fix that it and it wasn't their code or servers themselves being infiltrated. The bad news is that it begs the question how and why they overlooked something like this and in what other areas weaknesses exist. In recent posts, we discussed the perception of security being the reality. In this case, the tables turned on Apple, and even if the vulnerability was a simple one at it's core, the perception that they might have glaring weaknesses elsewhere is the biggest threat, as it's a perception. The stock took it well, however, so unless things change after being digested a bit more or other information comes out that counters what they've said so far, it looks like the damage should be pretty contained in the near-term.