Rajaratnam Convicted in Insider Trading Case
Raj Rajaratnam was found guilty on 14 counts including conspiracy and securities fraud in a landmark insider trading verdict. Prosecutors relied on nearly three dozen wiretaps, the most extensive use in a white collar case, while defense argued warrants were faulty before the recordings were admitted.
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Facebook apps leaked user data claims Symantec report
Symantec warns that Facebook apps may have exposed personal data of millions of users to third parties via access tokens. Facebook disputes the report, saying no private information was shared and that advertisers and developers are bound by policies. Tokens could grant actions like reading walls or posting. An estimated 100000 apps were affected as of April, with potentially hundreds of thousands of apps leaking tokens over years.
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Michaels debit fraud hits 20 states carrierwide
Michaels Stores reports debit card fraud from tampered PIN pads across 20 states led by Illinois. About 7 200 pads were removed nationwide as banks flag potential victims and replace pads while customers are urged to use cash or card alternatives.
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