The Federal Bureau of Investigation (FBI) arrested a computer programmer for allegedly stealing proprietary software code from the Federal Reserve Bank of New York (FRBNY). Bo Zhang, the man accused of stealing the source code, worked at the bank as a contract employee assigned to work on further developing a specific portion of the Government-Wide Accounting and Reporting Program (GWA), software which is owned by the Department of Treasury to track government spending.

Zappos, the online apparel shop acquired by Amazon in July 2009 for $928 million in stock and cash, began alerting millions of customers over the weekend that it was hit hard by a data breach that may have granted cyber crooks access to sensitive account information, including the last four digits of any credit cards on file. The database that stores full credit card information and other payment data was not affected or accessed, the company said.

Not only could a hacker from the opposite side of the globe take control of your printer and issue instructions that could ultimately set the thing on fire, but it's very likely to happen, along with a host of other misdeeds, and it's all thanks to a new class of computer security flaws that has the potential to wreak havoc with businesses, with consumers, and yes, government agencies too.