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Late News: China Lashes Out at Hacking Allegations, Pwnie Awards Announced at Black Hat, Insulin Pumps Targeted by Hackers

The Chinese government sponsored newspaper has condemned on Friday the reports of Chinese state-forces being behind reportedly the largest series of cyber-attack in the history. McAfee revealed a few days back that it had discovered the biggest ever cyber-attack involving 72 different attacks on a number of world government, the UN, many high-profile companies and other organisations.

Zac Franken and Adam Laurie, two security experts of the firm Aperture Labs revealed to the world how they used a homemade software program and an iPad wire to deceive Square- Mountain View’s payment service with supposedly “tight” security features.

Hackers’ hot favourite victim Sony Corp. has won an award at the Black Hat conference held in Las Vegas this week. However, much to the embarrassment of the company, the award it nailed was in the category of the “Epic Fail” of the year. Sony, according to many, truly deserves the award for it was humiliated again and again by hackers, primarily by the hackitivist group Anonymous, and the infamous LulzSec.

Chip maker Intel is investing $30 million to open two new Intel Science and Technology Centers (ISTC), which will be hosted at Carnegie Mellon University. The two centres, which will be focused on cloud computing and embedded technology, will receive the $30 million in funding over the course of five years and are a part of Intel’s $100 million programme to enhance university research.

A security researcher has demonstrated how hackers can control insulin pumps and alter the readings on a blood-sugar level monitor, at the Black Hat security conference. Jay Radcliffe, who is diabetic, claimed that critical medical equipment like insulin pumps and monitors contain security flaws which can be exploited by hackers.