Apple Reportedly Overlooked AirDrop Security Threats Before Alleged Chinese Hack
Portfolio Pulse from Ananya Gairola
Apple Inc. was warned about security vulnerabilities in its AirDrop feature before an alleged breach by China's Beijing Institute, which claims to have extracted iPhone users' details through AirDrop. Security experts have confirmed the possibility of extracting sender details from device logs, and researcher Alexander Heinrich noted that Apple was aware of these issues. Apple has been granted a patent for a new version of AirDrop using light, which could be more secure. The company had previously restricted AirDrop in China during anti-government protests.
January 11, 2024 | 10:13 am
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NEUTRAL IMPACT
Apple Inc. faces security concerns over AirDrop, potentially affecting user trust and stock performance. A new patent for a secure AirDrop version could mitigate these issues.
The news about the AirDrop security vulnerabilities could cause some concern among investors and users, potentially affecting Apple's stock in the short term. However, the announcement of a new patent for a more secure version of AirDrop could offset concerns. The impact is likely to be moderate as Apple is a large company with a diverse product range, and this issue is specific to one feature.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80