Flaw in iPhone, iPads may have allowed hackers to steal data for years

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WASHINGTON/SAN FRANCISCO (Reuters) – Apple Inc is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers.

The bug, which also exists on iPads, was discovered by ZecOps, a San Francisco-based mobile security forensics company, while it was investigating a sophisticated cyberattack against a client that took place in late 2019. Zuk Avraham, ZecOps’ chief executive, said he found evidence the vulnerability was exploited in at least six cybersecurity break-ins.

An Apple spokesman acknowledged that a vulnerability exists in Apple’s software for email on iPhones and iPads, known

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Mercer introduces new principal in Insurance Investment Solutions

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Mercer has appointed William Gibbons as principal in its Insurance Investment Solutions business.

Gibbons joins Mercer from PwC, where he advised insurers and other financial institutions on strategic allocation, investments, asset restructuring, liquidity, market risk, and hedging. He also previously served as a director at Barclays Investment Bank, focusing on solutions for UK insurers.

Under the new role, Gibbons will provide strategic investment advice to global insurance clients struggling with the current low-yield environment. He will also be responsible for developing efficient and innovative investment solutions for insurers.

“Mercer’s Insurance Investment Solutions business is dedicated to helping clients diversify their

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Stocks making the biggest moves premarket: Tapestry, 3M, Apple

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Check out the companies making headlines before the bell:

Tapestry (TPR) – The company behind the Coach and Kate Spade luxury brands reported an adjusted quarterly loss of 25 cents per share, smaller than the 57-cent loss anticipated by analysts. Revenue was also well above estimates, with e-commerce sales providing a boost even as the pandemic impacted store traffic.

3M (MMM) – 3M reported a 6 percent increase in July sales compared to a year earlier, noting a broad-based improvement in sales trends across its businesses. 3M had said in late July that sales for the month to that point

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Airlines want U.S. Treasury to scrap proposal to make some grant money repayable

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WASHINGTON/CHICAGO (Reuters) – Major U.S. airlines were urging Treasury officials and the federal government’s outside advisers on Saturday to scrap or revise a proposal that would make part of the $25 billion earmarked by Congress to help keep workers on the payroll repayable in the form of low-cost loans.

FILE PHOTO: Canceled flights are seen on an airport screen as the spread of coronavirus disease (COVID-19) continues, in New Orleans, Louisiana U.S., April 4, 2020. REUTERS/Carlos Barria

Treasury Secretary Steven Mnuchin told the airlines on Friday the government would require them to repay 30% of the grants in low-cost loans

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