iCloud Hack Threatens Launch of iPhone 6 and Apple Wallet

Townhall.com Staff
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Posted: Sep 05, 2014 9:47 AM

Apple Inc. was mildly embarrassed on September 2nd that private celebrity nude photographs and videos, including those with Jennifer Lawrance and Kate Upton, were allegedly hacked from iCloud accounts and then went viral after being posted online. But Apple, Inc. stock plunged 4.2% on September 3 when concerns started to grow that Apple’s new mobile payment system that will operate on the iCloud might be undermined by security risks, just as it is about to be introduced at the September 9 launch of Apple’s iPhone 6.