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Posted at 08:42 AM ET, 06/14/2011

The Circuit: Apple and Nokia, LulzSec hits, Bono Mack releases breach bill draft

LEADING THE DAY: Apple and Nokia have settled years of patent disputes. A press release from Nokia gave few details about the settlement, saying only that Apple has agreed to pay Nokia a one-time payment and ongoing royalties for the term of the agreement. The companies have been involved in several disputes over patents for phones, music players, tablets and computers.

Nokia said that the deal is expected to have a “positive financial impact”on its second-quarter outlook.

LulzSec hits U.S. Senate, Bethesda Softworks: The LulzSec group of hackers said that it has taken a small amount of data from the U.S. Senate, taking information from a public portion of the, Forbes reported.

The group also hit Bethesda Softworks, a D.C. area video game company, obtaining names and e-mail addresses. It decided not to release some of the information because it likes the company and wants it to continue production on its much-anticipated release, Skyrim.

On Monday, the hacker group Anonymous called for Federal Reserve Chairman Ben S. Bernanke to resign in a YouTube video, promising that events Tuesday would be the “first step” of public protests until Bernanke steps down.

On Monday, the Turkish government said it had detained several members of Anonymous.

Bono Mack releases data bill draft: Rep. Mary Bono Mack (R-Calif.) released a draft of her data breach bill Monday, which creates a national standard for data security and breach notification. Specifically, the bill would require a company to notify the Federal Trade Commission and consumers within 48 hours of a breach. Nonprofit organizations such as universities and charities would also be required to comply with the national standards.

Facebook IPO could exceed $100 billion: A report from CNBC citing anonymous sources “familiar with the matter” said that Facebook will probably go public by the first quarter of 2012 and is seeking a valuation of $100 billion.

NTIA’s Strickling joins Vint Cerf, Tim Berners-Lee: NTIA head Lawrence Strickling and early Internet innovators Vint Cerf and Tim Berners-Lee will be the keynote speakers at an all-day Internet Society symposium on the Web’s future.

The symposium will touch on several subjects including online privacy and a user-centric Internet. The event is sold out but will be webcast at the Internet Society’s Web site.

By  |  08:42 AM ET, 06/14/2011

Tags:  Commerce, Facebook, Security, Apple, IP

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