Market Overview

SLIDESHOW: The Most Memorable App And Software Failures

Fourteen years ago, tech experts predicted that the Y2K bug would create a number of problems for computers, computer networks and other electronic devices.

According to Encyclopedia Britannica, as much as $300 billion was spent to upgrade computers and programs to be Y2K-compliant.

When very little came of the so-called Millennium Bug, many began to wonder if the threat had been exaggerated. Did corporations and governments around the world spend billions of dollars for nothing?

Maybe -- maybe not. There have been several instances where apps and software were crippled by hacks, glitches and other unexpected issues.

Perhaps if their respective developers had put a little more time and effort into their products, these things wouldn't have occurred.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.

Posted-In: Ally McBeal Apple ATM AXA Rosenberg Group BBC CNET EscapeTech Best of Benzinga

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    Apple's Maps App

    Apple's Maps App

    Last fall, Apple (NASDAQ: AAPL) took a beating after its ill-fated Maps app was released.

    The new app replaced Google (NASDAQ: GOOG) Maps as the default mapping program.

    Tech enthusiasts initially expected the app to give Google a run for its money. Consumers expected the same level of quality.

    That did not turn out to be the case, prompting Apple CEO Tim Cook to apologize for the ill-fated app.

    Image Source: The Amazing iOS 6 Maps Tumblr

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    Google's Malware Mistake

    Google's Malware Mistake

    Have you ever avoided visiting a website after Google (NASDAQ: GOOG) said that it could be harmful to your computer?

    If so, what would you do if Google told you that the entire Web could be harmful? Would you stop surfing entirely or assume it was a glitch?

    On January 31, 2009, Google search results accidentally informed the world that every website was dangerous. Not even a search for Google.com could escape this issue.

    Marissa Mayer, who served as Google's VP of Search Products and User Experience at the time, praised her team for resolving the issue in less than one hour.

    Image Source: Wikimedia Commons

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    Facebook Facepalm

    Facebook Facepalm

    Like kids on Christmas morning, investors couldn't wait for the Facebook (NASDAQ: FB) IPO.

    When investors went to open their present (shiny new shares of the world's largest social network), some found that the box was empty.

    The problem was blamed on a Nasdaq (NASDAQ: NDAQ) glitch that made it impossible for some investors to verify that their buy and sell orders had been executed.

    Image Source: Wikimedia Commons

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    Toilet Pranks Aplenty

    Toilet Pranks Aplenty

    Smartphones. Smart TVs. Smart watches. Smart toilets?

    Lixil (OTC: JSGRY) created the latter for wealthy consumers that wish to flush, release fragrance, play music or spray the bidet with the tap of a smartphone.

    This concept might have sent tingles up the spine of Peter MacNicol's character on Ally McBeal, who carried a remote control to flush his public john before entering the stall.

    "I like a fresh bowl," he frequently remarked.

    He may not have liked the idea of hackers flushing the toilet for him.

    According to BBC News, mischievous hackers can trigger the smart toilet's many features whenever they want.

    Image Source: Wikimedia Commons

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    Hacker-Driven Cars

    Hacker-Driven Cars

    One day, Google (NASDAQ: GOOG) hopes to fill our highways with self-driving cars.

    These vehicles could be driven by an artificial intelligence system designed by the search engine giant.

    Unfortunately, they may also be driven by hackers who are looking to wreak havoc on any given road.

    According to CNET, hackers successfully took control of a 2010 Toyota (NYSE: TM) Prius and a 2010 Ford (NYSE: F) Escape.

    Image Source: Wikimedia Commons

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    No, You Can't Have Your Money

    No, You Can't Have Your Money

    Mizuho Financial Group (NYSE: MFG) caused experienced major customer issues when its ATMs went down in 2011.

    The problem was caused by an outage that took out Mizuho's ATM and Internet banking systems.

    While customers could visit an actual banking branch to withdraw their money, they were unable to use one of the firm's ATMs for at least three days.

    Image Source: Wikimedia Commons

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    This $217 Million Error Became More Expensive

    This $217 Million Error Became More Expensive

    More than two years ago, AXA Rosenberg Group's quantitative investment model experienced a serious technological error, costing investors $217 million.

    Instead of telling investors what happened, the company attempted to conceal the error.

    When the Securities and Exchange Commission found out, it ordered the firm to compensate investors for the loss. AXA was also penalized with a $25 million fee.

    Image Source: Wikimedia Commons

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    More Troubles For Tech Titans

 

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