A Turkish court has sentenced Maksym Yastremski, the alleged "Maksik" hacker, to 30 years in prison for attacks he allegedly perpetrated on Turkish banks, according to reports.
Authorities believe Yastremski is also the mastermind behind the T.J. Maxx credit card theft debacle in 2007 and various other attacks around the United States. The 30-year prison sentence isn't punishment for any alleged attacks in the United States.
In other news, RocketLawyer, a company that provides free online legal information and forms, raised $2.09 million from information compiler LexisNexis, according to an SEC filing. RocketLawyer is now just $1 million away from its stated goal of raising $3.09 million, which it plans to use toward improving its infrastructure and expanding the service's reach.
iMergent, a company that provides e-commerce software for small businesses, announced on Friday that it will reduce its work force by 25 percent due to the impact the recession is having on the small to midsize enterprise market.
After the layoffs are complete, iMergent's will have a total staff count of 250, but its CEO, Steve Mihaylo, did say that it expects its operation and profit potential to remain constant through the first quarter of 2009.
Facebook's iPhone application has been updated to version 2.1, the company reported Friday. The social network says the update improves the app's stability and has corrected inaccurate time stamps for time zones around the world.
More importantly, sync time is much faster now, and Inbox loading has been enhanced to improve the overall experience. The update is available now, but it requires iPhone firmware version 2.2.