Apple Investors Shrug Off iCloud Hacks

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The hacking over the weekend of iCloud accounts for Jennifer Lawrence, Kate Upton and about 100 other celebs didn’t faze Apple investors

At the close of trading on Tuesday — the first day back since the incident came to light — Apple’s stock was up about 1%. The news that Apple was teaming up with Visa and MasterCard for an iPhone wallet appears to have overshadowed any potential blowback from consumers about the safety of iCloud.

Apple has maintained that iCloud’s security is not to blame. None of the cases it investigated “resulted from any breach in any of Apple’s systems including iCloud or Find my iPhone,” according to a statement from the company. Apple is “continuing to work with law enforcement to help identify the criminals involved,” the statement continued Read more…

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