Oracle Settles With FTC Over Software Susceptible To Hacking

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Mani
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Oracle has settled charges filed by the Federal Trade Commission that it deceived consumers about the security provided by updates to its Java Platform, Standard Edition software (Java SE). The FTC estimates that over 850 million PCs use Java SE, and during the update process, Oracle failed to inform consumers that the Java SE update didn’t uninstall any versions released prior to Java SE version 6, update 10. FTC claims Oracle wasn’t fully updating all versions of Java SE In its complaint, the FTC claims Oracle was aware of significant security issues affecting older versions of Java SE since it acquired…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports