Google discovered a software bug that gave third-party developers access to the private profile data of users of its Google+ social network. In response, Google will shut down the consumer functionality of the service over the next ten months. The Wall Street Journal reports that Google didn't disclose the breach when it first discovered it in March to avoid regulatory scrutiny and reputational damage.

Facebook's security breach shows even significant security investment might not help. The biggest technology companies, finance firms and technology giants — including Facebook which now reports up to 50 million user accounts may have been taken over by criminal hackers — invest many millions in cybersecurity and still fall victim to significant attacks.

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