Microsoft right now suffering some fallout. German government said Nein and the French government said Non to using Internet Explorer. Does not appear that IE7 and IE8 managed to fully close this issue.
Tremendous amount of productivity is lost due to cyber attack. Most frequent kind of attack involve botnets, many of whom appear to even escape virus detection. They hide in any PC, thousands of them across the world, then on a single command, start spamming the target DNS. The spamming is enough to cause serious slowdowns with various ISPs where networks have been infected with botnet PCs.
Microsoft spent sums of money and years of efforts, patching, patching, patching, IE and Windows for security flaws one after another.
Twitter and Facebook have been victims of politically motivated attack. One Twitter and Facebook related attack was by Russian hackers who didn't like what a particular Georgian blogger had to say. Lately Iranian hackers or allegedly from such, hacked on Twitter and then Baidu. Baidu was defaced and was taken down for four hours.
Security is vital an issue to sell IT services to governments, corporations and institutions. You could gain or lose entire city and provincial level contracts from these. For example, Blackberry selling to an entire European government. Losing business because your institutional customer thinks you're vulnerable can amount to millions.
Believe me, web security will be a dominant theme in IT for this coming decade.
Now in other news.
1. Google is reported to be in business as usual. They are now in talks with the Chinese government. Sounds like some compromise is being made. However they pulled out the launch of two G-Phones, one by Motorola and one by Samsung. These are Androids heavily dependent on Google cloud services such as Google Maps; for these won't affect China Androids like OPhone or UPhone that are more dependent on local carrier services and apps. The fate of these phones depend whether there might be some guarantee or set ground rules that the Chinese government can assure that the Google cloud services won't be blocked, assuming they comply with the law.
2. In another unrelated event, big strike on Wintek plants today, and it may appear to affect Apple iPhone, Nokia and Huawei phone production.
3. Just when Baidu appears poised to take advantage of the event, both COO and CTO left within days of each other for "private reasons". That's turnover at the top. Doesn't really reflect if Baidu is doing well at all. Still, Baidu gained good publicity among foreign media because of this. Suddenly people know who Baidu is.