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McAfee Exaggerated Cost of Hacking, Perhaps For Profit 105

coolnumbr12 writes "A 2009 study (PDF) by the McAfee estimated that hacking costs the global economy $1 trillion. It turns out that number was a massive exaggeration by McAfee, a software security branch of Intel that works closely with the U.S. government at the local, state and federal level. A new estimate by the Center for Strategic and International Studies (and underwritten by McAfee) suggests the number is closer to closer to $300 billion (PDF), but even that much is uncertain. One of McAfee's clients, the Department of Defense, has used the $1 trillion estimate to argue for an expansion of cybersecurity, including 13 new teams dedicated to cyberwarfare. Despite the new data, Reuters said McAfee is still trying to exaggerate the numbers." The $1 trillion study has seen other criticism as well, so the new data is a step in the right direction.

How Facebook Can Out Your Most Personal Secrets 467

McGruber writes "The Wall Street Journal is reporting that Facebook revealed the sexual preferences of users despite those users have chosen 'privacy lock-down' settings on Facebook. The article describes two students who were casualties of a privacy loophole on Facebook—the fact that anyone can be added to a group by a friend without their approval. As a result, the two lost control over their secrets, even though both students were sophisticated users who had attempted to use Facebook's privacy settings to shield some of their activities from their parents. Facebook spokesman Andrew Noyes responded with a statement blaming the users: 'Our hearts go out to these young people. Their unfortunate experience reminds us that we must continue our work to empower and educate users about our robust privacy controls.'"

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