Science / Tech News

Last Update on October 01, 2014 07:06 GMT

IN THE NEWS: eBAY SPINNING OFF PAYPAL

NEW YORK (AP) -- It bought the company 12 years ago. Now eBay is spinning off its fastest growing segment, PayPal. The online auction company has announced it's jettisoning the online payment company -- after months of pressure from investor Carl Icahn to make PayPal a separate publicly traded company. Acquired by eBay in 2002 for $1.3 billion, PayPal has become eBay's fastest-growing segment. The company lets customers use their bank accounts to make payments and money transfers -- without using credit or debit cards or checks. It makes money by charging a fee for many transactions.

IN THE NEWS: ANOTHER SUPERVALU/ALBERTSONS HACK

NEW YORK (AP) -- Shoppers at Supervalu and Albertsons are being warned about another hack attack. The companies say the attack installed malware on their networks affected the parts that process credit and debit card transactions at some of their stores. This breach occurred in late August or early September -- and may have resulted in the mining of account numbers, card expiration dates and the names of cardholders at stores in more than a dozen states. The same companies disclosed a data breach in August -- and say the two incidents are separate. Other companies that have been the victims of hacks involving millions of transactions over the past year include Home Depot and Target.

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