Money Minute: FBI: More Cyberattacks Coming; Microsoft Beats the Street

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The FBI issues a warning that should get the attention of all consumers.

The FBI is warning retailers to prepare for more cyberattacks. Reuters reports the FBI is concerned about malware that infect point-of-sale systems -- including cash registers and credit-card swipe machines. Of course, this follows the massive hack attacks late last year at Target (TGT) and Neiman Marcus that affected more than 100 million consumers. The FBI has already uncovered about 20 hacking cases over the past year, and it says the malware is readily available on underground forums.

Investors took a beating Thursday, but right after the closing bell, Microsoft (MSFT) reported earnings that beat expectations. The company's primary software products sold well, and its new Xbox game system did surprisingly well. Even sales of the Surface tablet were stronger than expected. But Microsoft didn't provide any update about its search for a new CEO.

While Microsoft shares are likely to gain on the surprisingly good earnings news,
that may not be good enough to rescue the overall market, appears headed for another rough day.

The Dow Jones industrial average (^DJI) tumbled 176 points Thursday, the Standard & Poor's 500 index (^GPSC) lost 16 and the Nasdaq composite (^IXIC) fell 24 points.

We're all familiar with the "triple play" offers for subscribers who bundle their Internet, cable and phone service from one provider. Now Comcast (CMCSA) is reportedly interested in added a fourth item to its package -- electricity. Utility regulators in Pennsylvania say the company is in discussions about using a third party supplier to offer electricity later this year. According the Philadelphia Inquirer, that utility is NRG Energy (NRG).

News reports say Apple (AAPL) is working on a pair of new iPhones with bigger screens. They're likely to be available in the second half of this year. Even entry-level smartphones now offer many times the computing power of the original Apple Mac desktop, which first went on sale 30 years ago today.

-Produced by Drew Trachtenberg.


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8 Comments

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jmjend

I suggest that all the big retailors form a hugh cash pool and offer big rewards for info on hackers and put them in jail.

January 25 2014 at 5:28 AM Report abuse rate up rate down Reply
hackwriter1

These are nothing more than Russian hackers and our Government most likely get a kickback. I will never trust our government again. Especially the Dems who I voted for. They are going to let the Zionists take our guns and stomp on the 2nd amendment.

January 24 2014 at 5:11 PM Report abuse rate up rate down Reply
1 reply to hackwriter1's comment
metalkoter

" They are going to let the Zionists take our guns?"

Maybe the Dems will continue trying to take guns away from LAW-ABIDING citizens, but "Zionists?" Scuuuuze me?

January 24 2014 at 5:59 PM Report abuse +1 rate up rate down Reply
YourFtr

I Suspect that the first cyber attacks were done by the software companies themselves........
How else to get you to pay $150 per year for firewall,antivirus, anti-malware and employ all those people !??

January 24 2014 at 1:34 PM Report abuse +1 rate up rate down Reply
user611480

We need to understand the root cause of those who engage in cyber attack. I think if we raise the minimum wage they would be gainfully employed. Also, with better health coverage and child support they may then be better able to make use of their food stamps.

January 24 2014 at 1:02 PM Report abuse -1 rate up rate down Reply
2 replies to user611480's comment
n738

User611480,

Understand the root cause is \'greed to get something for nothing\', plain & simple. It\'s always been around and always will be. Get used to it.

Raising the minimum wage will raise all wages by the same amount causing insidious inflation. We need to bring back the industries and jobs we outsourced to foreign lands and gainfully employ those without jobs. But there\'ll still be a percentage of people who will try something for nothing scams thru their own greed.

January 24 2014 at 1:46 PM Report abuse +1 rate up rate down Reply
metalkoter

And it would be uneducated, illiterate, minimum wage earners with NO salable skills who are doing complicated computer cyber attacks? Scuuuze me, but I think you are off your meds, sir.

January 24 2014 at 6:02 PM Report abuse rate up rate down Reply
william.bednarz

so we have special ops in over (what) a hundred countries.....but they can not make the internet save for users......the n.s.a. can spy on the citizens but can not connect the dots ???
so why do we throw away all this money on politicians

January 24 2014 at 12:49 PM Report abuse +1 rate up rate down Reply
rmkm61

All we need to do is get Michelle Obamas college friends on the job to deflect the cyber attacks. You know the ones that set up the original obamacare web site????

January 24 2014 at 12:29 PM Report abuse +4 rate up rate down Reply