Late News: Nokia Cuts 4000 Jobs, Google GDrive, Foxconn Hacked by Swagsec Hackers

Nokia has planned to move its assembly line from Europe to Asia which will see the Lumia maker cut somewhere around 4000 jobs. The primary motive behind Nokia opting for such drastic changes in its operational structure is to make sure that it can handle the stiff competitions from rivals like Samsung, Apple etc. in a much better and effective way.

Google's GDrive cloud storage platform could be launched soon, offering an alternative to the popular Dropbox with a potentially reduced price tag. Thought to be named simply "Drive" it could offer something that will draw in the crowds: a free usage option up to a certain storage limit. The service will be aimed at mobile users to expand their potential storage for photos, videos and other media.

A new study carried out by Arbos Networks sheds light onto how DDoS attacks are usually planned to fulfil the so called ‘hacktivism' motives rather than for monetary ambitions and that no network today are impervious to DDoS attacks despite their fortified strength. It is really shocking to find out that most of these DDoS attacks do not have extortion as their primary aim and instead are more inclined towards political aims.

Foxconn has once again been targeted by hackers, this time a new group that is making waves known as Swagg Security, with admin logins and companion company information leaked. "So Foxconn thinks they got 'em some swagger because they work with the Big Boys from Intel, Microsoft, IBM, and Apple? Fool, You don't know what swagger is," the pastebin posting begins, setting the tone for the release - one of disdain.

Software giant Microsoft has joined forces with the Child Exploitation and Online Protection Center (CEOP) for introducing a new, customised version of the Internet Explorer 9 web browser. The new variant of the browser, which has been made available in order to ensure a safe virtual existence for children, was officially launched as an exclusive gift from the company and CEOP - on the Safer Internet Day 2012.