Those passwords you just changed? It’s time to change at least one of them again — that is, if you use AOL.
The company said Monday that it is “investigating a security incident” after being notified that hackers accessed its computer networks. Up to 2 percent of AOL’s millions of users may have been affected, but the company hasn’t provided specifics.
Those who use AOL’s mail service may have had their
e-mail address, postal addresses and address book information compromised. Hackers also obtained encrypted versions of users’ passwords and security questions. AOL said it has “no indication” that the encryption was broken.
In a blog post, AOL also said it does not believe that any financial information — such as debit and credit card numbers, which are also encrypted — was taken as part of the attack.
AOL said it is notifying customers who may have been affected. AOL also cautioned that users should be wary about suspicious e-mails and suggested that users change their passwords and security questions for any AOL services they use.
— Hayley Tsukayama
According to a new analysis of Bureau of Labor Statistics data, the industries responsible for the most job creation over the past four years are also the ones that pay the least: jobs pushing retail (a $10.37 median hourly wage), answering phones ($13.33) and serving dinner ($9.48).
Together, these three industries — retail, administrative/support and food and drink services — account for 39 percent of the gains in private-sector employment since the recovery ostensibly began four years ago, according to the analysis by the National Employment Law Project (NELP).
Low-wage industries accounted for 22 percent of the jobs lost during the recession from 2008 to 2010. But they’ve accounted for 44 percent of the employment growth since then, for a net growth of about 1.85 million jobs. That means that the economy is skewed more heavily than it was pre-recession toward the kind of employment that may not even cover basic housing costs.
This pattern differs from the rebound after the last downturn in the early 2000s. Low- and high-wage industries were responsible for roughly equal shares of job growth after the 2001 recession, NELP said.
— Emily Badger
● Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, a sign the housing market could be stabilizing after suffering a setback from a rise in interest rates and a severe winter. The National Association of Realtors said its seasonally adjusted pending-home sales index rose 3.4 percent to 97.4 last month.
● Bank of America is suspending a long-awaited dividend increase and stock buyback program after the bank discovered an error in a financial report it gave to the Federal Reserve. The bank said the error was related to how it valued securities obtained in its acquisition of Merrill Lynch in 2009. As a result, the bank slightly overstated the amount of capital it held and other financial ratios it reported last month as part of its earnings release and its annual financial checkup with the Federal Reserve, the bank’s regulator.
● Samsung Electronics reported its second straight fall in quarterly profit Tuesday. But the company said the World Cup in Brazil should help boost sales of screens and smartphones in the current quarter, as fans invest in fancy gadgets to watch the soccer action. For January through March, the world’s biggest smartphone maker said operating profit fell 3.3 percent from a year earlier, to $8.2 billion.
● Toyota is moving its U.S. headquarters from California to Texas, breaking ground this year on a new campus in Plano, near Dallas. The new site will bring together about 4,000 employees from sales, marketing, engineering, manufacturing and finance. That includes 2,000 employees at the current headquarters in Torrance, Calif.
— From news services
● 9 a.m.: Standard & Poor’s/Case-Shiller home price index for February.
● 10 a.m.: Consumer confidence index for April.
● Earnings: Marriott International, Twitter.