Adobe warns customers of data breach after a cyber hack
Adobe, the computer software company, has been hacked, which could potentially compromise the data of up to 2.9 million customer.
Brad Arkin, chief security officer at Adobe said: "Our investigation currently indicates that the attackers accessed Adobe customer IDs and encrypted passwords on our systems.
"We also believe the attackers removed from our systems certain information relating to 2.9 million Adobe customers, including customer names, encrypted credit or debit card numbers, expiration dates, and other information relating to customer orders."
Adobe has said that it doesn’t believe the cyber hack has removed decrypted credit or debit card numbers from its systems. However, the company has reset passwords on customers’ accounts and recommended that customers change their passwords on any other websites where they use the same log-in information.
Twitter looks to raise $1bn from share sale
Twitter has revealed that from its public offering, it intends to raise $1bn from a share sale.
Analysts have predicted that Twitter could be worth between $12bn and $20bn.
Jack Dorsey, Twitter’s chairman, holds 4.9% of the company’s stock. CEO, Dick Costolo, has 1.6% and Evan Williams, the former CEO and fellow co-founder, holds 12%.
Twitter will be listed under the stock market symbol TWTR.
The social media website has now over 200 million users who send 500 million tweets a day.
Instagram to place ads in US streams
Photo sharing website and app, Instagram, has announced its plans to place adverts in US users’ photo streams.
Instagram was bought by Facebook for $1bn but has never made a profit.
Adverts are due to appear in the next few months and involve just a handful of firms.
A posting on Instagram’s website said: "We have big ideas for the future, and part of making them happen is building Instagram into a sustainable business".
