euros

Apple has been fined the equivalent of $12 million USD over "aggressive and misleading" claims about the water resistance of iPhones. An Italian regulator said its advertising wasn't clear enough and that a disclaimer tricked clients. The fine of 10 ... million Euros came from Italy's Competition and Market Authority which regulates consumer issues. It took issue with two ways Apple promotes and disclaims the water resistance. (Source: reuters.com ) The first issue was with the way Apple marketed eight iPhone models as being water resistant up to a certain depth (between one and four meters ... (view more)

A man has been arrested for allegedly stealing more than a billion dollars in cyber attacks. The tactics were so outlandish, they almost sounded like the words used by Richard Pryor's character in Superman III. The unnamed man was arrested in Spain ... after an investigation that involved officials from six countries on three continents plus private cyber security firms. The man is alleged to have led a gang that attacked more than 100 banks and other financial institutions around the world. The gang has been operating for at least three years using three forms of malware, known as Anunak, ... (view more)