The evolution of technology often moves from business use to casual consumers’ daily lives, but social media tends to move in the opposite direction. Social networking is now becoming company policy, reports the New York Times, through internal social networks specific to the workplace. Microscope company Nikon Instruments and computer security company Symantec both have internal social networks, used by employees to handle company business—inter-office memos have entered the 21st century.

IT security company Symantec Corporation (NASDAQ:SYMC) has discovered that third party Facebook applications have been leaking data of Facebook accounts for years. These apps could see profiles, photos, and chat sessions. The apps also had the ability to post messages and mine personal information. However these third party applications did not know they had access to the information.

Bellevue, Washington based business invention company Intellectual Ventures is suing 9 tech companies over patent infringement. This is the first time that Intellectual Ventures is suing for patent infringement.

Symantec Corporation (NASDAQ:SYMC) is close finalizing a bid for Verisign, Inc. (NASDAQ:VRSN)? for $1.3 billion according to The Wall Street Journal. VeriSign certifies websites that are legitimate so that consumers can feel safe when making purchases through e-commerce. Symantec is based in Mountain View, California. [WSJ]

Symantec has named Shaoxing, China the malware capital.  That city accounts for more targeted attacks than any other city. About 30% of all targeted malware attacks and not all malicious email come from China. Targeted attacks account for only 0.02% of all malicious email traffic. Of that 30%, 21.3% is from Shaoxing itself.

The report was created by Symantec’s MessageLabs division. Below is official information from the MLI report on this topic: