PayPal Races To Fix IPhone App Security Flaw

PayPal has rushed out a patch for a flaw in its iPhone application that could let hackers access accounts at the online financial transactions service, The Wall Street Journal has reported.The flaw only affected people that used PayPal applications on iPhones connected to the Internet through unsecured Wi-Fi networks, according to the Journal.A hacker would have needed to intercept PayPal transaction data by using commonly available gear to get between an iPhone and the Wi-Fi hotspot.

PayPal has rushed out a patch for a flaw in its iPhone application that could let hackers access accounts at the online financial transactions service, The Wall Street Journal has reported.The flaw only affected people that used PayPal applications on iPhones connected to the Internet through unsecured Wi-Fi networks, according to the Journal.A hacker would have needed to intercept PayPal transaction data by using commonly available gear to get between an iPhone and the Wi-Fi hotspot.

A developer found a way to access any and all Facebook accounts. He reported this to Facebook, which responded by fixing the problem. Developer Nir Goldshlager found a flaw in Facebook's code that allowed him to take full control over any Facebook account.

Apple just closed a loophole scammers were using to trick iPhone and iPad users. That's good news. The bad news, according to top Apple blogger Jon Gruber, is that the change is going to be a "pain in the [rear]," for legitimate developers.

According to app developer Subhransu Behera, iOS email app Mailbox is a "security fail."

Computer security is a difficult problem that attracts some of the brightest minds in the tech industry who build some of the most innovative products. We've assembled this list of the hottest, coolest security startups creating buzz for a number of reasons:

Not even Google Glass can stand up to the itchy fingers of famed iPhone hacker Jay Freeman. He revealed via Twitter that he has successfully rooted Google's fancy new eyewear, even posting this picture as proof:

A student has been expelled from Montreal’s Dawson College after he discovered a flaw in the computer system used by most Quebec CEGEPs, one which compromised the security of over 250,000 students’ personal information.