In the States, AOL has announced it will be cutting its workforce by around a third after it gets spun off from Time Warner next month.

The job cuts - nicely timed for the "holidays" - will see both involuntary and voluntary redundancies for around 2500 members of staff.

The move is part of a cost-cutting programme as AOL prepares for its IPO and its return to the public markets with the goal to cut annual operating costs by around $300 million.

As part of the measures AOL's CEO Tim Armstrong will not get his 2009 bonus which was to be around the $4 million mark.

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Tags: Software AOL Time Warner Biz

AOL announces 2500 job cuts originally appeared on http://www.pocket-lint.com on Fri, 20 Nov 2009 09:48:06 +0000

Google has confirmed that a large number of passwords to its email accounts have been stolen in an "industry-wide phishing scheme" which affects Hotmail, Gmail, Yahoo Mail, AOL and a number of other service providers.

Following the news that 10,000 Hotmail passwords had been posted on the Web, a second list surfaced - this time containing 20,000 account details from a string of different account providers. Some of the accounts are old, unused and fake, but many are genuine according to the BBC.

Google said: "We recently became aware of an industry-wide phishing scheme through which hackers gained user credentials for web-based mail accounts including Gmail accounts. "As soon as we learned of the attack, we forced password resets on the affected accounts. We will continue to force password resets on additional accounts when we become aware of them".

The company added that the password issue wasn't a breach of its security, it was instead a scam where users have been tricked into giving up their passwords on what they thought were legitimate sites. These types of attacks are known as "phishing".

Security experts have recommended that if users suspect they might be affected then they should immediately change their passwords, as well as on any other sites that share the same password.

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Related links:

• News - Hotmail passwords leaked out online?

Tags: Software Online Email Google Gmail Yahoo AOL Hackers

Gmail, AOL, Yahoo Mail also targeted in phishing scam originally appeared on http://www.pocket-lint.com on Tue, 06 Oct 2009 15:48:04 +0100