Investing

Will The Apple (AAPL) iPhone Allow Aliens To Read Your Mind?

In the old days, if you wanted aliens for outer space to have access to you thoughts all you had to do was put on a hat made of tin foil and two antenna. Now, you can just buy an Apple (AAPL) iPhone.

According to The New York Times, an organized group of hackers have gotten access to the iPhone using the device’s WiFi port. The hack can be used to download just about everything on the handset, including the user’s name, rank, and serial number. Credit card data and e-mail addresses are extra.

A group called Independent Security Evaluators claims that “Once you did manage to find a hole, you were in complete control.”

The popularity of the iPhone makes it an easy target. But, it does point out that the privacy protection and bug problems on PCs is moving to the mobile space.

While large private networks like the ones controlled by AT&T (T) Wireless may be harder to access, now that more and more handsets will have access to open networks like WiFi and WiMax security issues are just a matter of time.

It is ironic. As Google (GOOG) and other firms push for open access to wireless broadband and handheld devices are shifting to use inexpensive applications like VoIP instead of the metered minutes from the big phone companies, the price the user pays will be attacks on his private data.

Must be the price of progress.

Douglas A. McIntyre

In 20 Years, I Haven’t Seen A Cash Back Card This Good

After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers. 

A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.

Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous. 

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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