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Apple security flaw sets stock on fire

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A new major security flaw found with Apple operating systems Monday is lifting shares of the company that found the problem. Shares of FireEye closed up $1.61, or 5.3%, to $32.23 after the security company discovered the latest and potentially most dangerous security problem with Apple’s operating systems that power iPhones.apple3-9-1331322264

The flaw, present in both iOS7 and iOS8 allow hackers to easily steal user’s personal data. The attack, which FireEye calls a “Masque Attack” allows hackers to install software on Apple devices. This attack comes just after last week’s WireLurker attack that also breaks through Apple’s security to steal users’ data.

This rash of security problems comes at a bad time for Apple, as the company attempts to convince users to entrust it with critical financial payment data — not just emails and contact lists. Savvy marketing has long convinced Apple devices are immune to security problems — a belief that continues to erode as Apple market share increases and the devices become a more attractive target to hackers. Apple investors, though, remain undisturbed and keep sending the stock to all-time highs. Shares of Apple fell a bit Monday by 15 cents to $108.86.

 


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