Key Tech Highlights Of 2014

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Here’s a quick recap of some of the highlights and things that mattered in the world of Technology in 2014. Every year passes and technology continues to make leaps and bounds both good and bad.

Cyber Attacks

2014 was definitely a major year of Cyber Attacks. A number of companies were affected by the cyber attack resulting in loss of key data concerning the consumers’ personal information, as well as, debit and credit card details.

To end the year, hackers nearly succeeded in forcing Sony Corp (ADR) (NYSE:SNE)’s film division to cancel its premier of the movie, ‘The Interview’. The film, a comedy, was not well received by North Korea, which previously threatened the United States and Sony about the movie. The surrounding outrage even pressed President Barack Obama into action to push the filmmaker to release the film in the name of freedom.

Unfortunately that wasn’t the only cyber attack for  Sony Corp (ADR) (NYSE:SNE) as its Playstation Network became a victim. Microsoft Corporation (NASDAQ:MSFT)‘s Xbox was not immune as the same people who took down the Playstation Network on Christmas Day, took down Xbox’s gaming network.

Sony wasn’t the only victim in 2014. There were other companies like JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C), and Home Depot Inc (NYSE:HD) to suffer at the hands of cyber criminals. Despite spending big money on cyber security, hackers managed to attack the servers of these companies. This isn’t likely to change in 2015 if companies do not increase investments in security.

Aside from the loss of data, earlier in the year, celebrities’ became the victim of cyber attacks as hackers exposed a trove of nude pictures to the world.  There was the vulnerability of the heartbleed SSL security flaw that  exposed the password of millions.

While 2014 may be the year cyber-attacks first gained steam, they promise to be a reoccurring theme if not taken seriously.

Key Highlights

Now to many of the better parts of 2015.

  • Apple Inc. (NASDAQ:AAPL) which began the year leaving investors questioning whether it could innovate, unveiled its latest iPhone 6 and 6 Plus models in September, and  launched a mobile pay app, Apple Pay. Aside from the two, it also launched mini tablet and got us ready for the Apple Watch in 2015.
  • Wearables became a more household term as everyone from Apple to Samsung to Microsoft got in the swing of things.
  • Jack Ma brought his China-based Alibaba Group Holding Ltd (NASDAQ:BABA) to America through IPO in September.
  • BlackBerry Ltd (NASDAQ:BBRY)(TSE:BB) went from irrelevant and dying to a what its CEO deemed as a 99 percent chance of survival.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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