►Thirty-one percent of Generation Y ranked security as the most important thing when make decisions about their computer, accoridng to a recent survey. “Gen Y was more likely to prioritize entertainment and community than security. This is in spite of the fact that at least half indicated that they had computer security issues in the past two years,” Mashable reports. Check out Mashable’s 10 online security tips for Generation Y here.
►Walmart, Best Buy, 7-11, CVS, Publix and 11 others announced Tuesday a new mobile phone payment system, but critics say security challenges could make it a hard sell. “Other mobile payments systems allow users to input their credit card data into an app on their smart phones. Many merchants have scanners at checkouts which allow users to wave their smart phone with its identifying bar code or identification number to make purchases,” ABC News reports. Some concerns are the loss of credit card data if a person loses their phone or data being exposed to crooks over unsecured networks.
►Google says it’s increasing the bounty payouts to researcher who can find vulnerabilities in its open source network Chromium. Google plans to hand out $2 million in payoffs, including $60,000 to any research who can pull off an exploit on its Chrome browser. “The internet giant also is giving away $50,000 for a ‘partial Chrome exploit,’ which requires the use of bugs in third-party software,” SC Magazine reports.
►In other news, Norway’s chief of police resigns after criticism about response to Anders Behring Breivik’s massacre last July. ♦ Strikes at platinum mines in South Africa turn violent. ♦ Thirty-four miners are killed and 78 wounded in clashes with police Thursday. ♦ And 20,000 Vietnamese soldiers are on standby and orders to evacuate have been issued as it prepares for Typhoon Kai-Tak to make landfall sometime Friday evening.