Technology Is Changing How Consumers Spend and Save

You never see disruption coming. Often you don’t even realize when you’re in the middle of it.

The banking crisis of the last few years has certainly changed the way people think about their money, but even before that things were starting to change. Some people believe at this point conditions are ripe for a full-scale paradigm shift in the way consumers spend and save money.

Read more at CNBC.com

10 Products and Companies That Changed the World

It takes a lot to shift the course of an industry. For every truly disruptive company, there are dozens that try and fail – and plenty of copycats that follow, but fall short of the new model.

Being disruptive doesn’t always mean being first to the market with an idea. It’s about executing it better than any competitor – and staying ahead of the curve from there.

Read more at CNBC.com

Sony Details Restoration Plans for PlayStation Network

Nearly two weeks after being the subject of one of the largest data breaches in business history, the PlayStation Network will go back online this week, Sony announced Sunday morning.

The company, which says the service restoration will be a phased one, also discussed several new security enhancements, as well as a program meant to encourage gun shy users to return to the PSN.

Read more at CNBC.com

Redbox to add video games to 21,000 kiosks

Film rental giant Redbox wants to add another jewel to its crown.

The company, best known for its rental kiosks in areas like pharmacies, grocery stores, fast food restaurants and convenience stores, is adding videogames to the mix, with new, legacy and children’s titles coming to 21,000 locations starting June 17.

Read more at Variety’s Technotainment blog

Interview: Redbox Ramps Up Game Rental Business

There’s nothing new about video rental chains mixing video games in with the latest Harry Potter film on their shelves. The practice has historically helped supplement dwindling income from film rentals as companies like Netflix shifted the paradigm.

But now, starting in June, Redbox is getting into the game rental business — and it’s a different story than before.

Read more at Gamasutra

Redbox gets into game rental business

Come this summer, that trip to the corner convenience store for a Slim Jim and a Coke will also give you the chance to check out the newest video game releases.

Redbox, whose vending machine rental kiosks revolutionized the film industry, is moving into the video game space with plans to begin offering titles at 21,000 locations starting June 17.

Read more at Yahoo! Games

PlayStation Security Breach: What it Means for Other Companies

While Sony says it is still unsure if the hacker who broke into its PlayStation Network and Qriocity Music Service was able to access credit card information, consumer advocates are on high alert.

The potential that criminals could run up fraudulent charges is a logistical nightmare for consumers — even if they won’t be held responsible for those bills. But beyond the consumer impact of this data breach, which is one of the largest on record, corporate America is bracing for a potential impact.

Read more at CNBC.com

Critics take aim at Sony over PSN hacking

With the shock wearing off after yesterday’s announcement about the scope and magnitude of the hacker attack on the PlayStation Network, Sony is now having to deal with the ugly public relations fallout.

Gardner analyst Avivah Litan says the incident is the largest theft of personal information to ever occur. That has spurred politicians in two countries to demand answers. And, as expected, the first of what will likely be several lawsuits has already been filed.

Read more at Variety’s Technotainment blog