Tags: Apple

When U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed, they also provided an unusual look into the burgeoning industry of criminal hackers for hire.

Apple is opposed to a new British law it says would require it to provide authorities with access to encrypted data as it would create vulnerabilities hackers could exploit, Chief Executive Tim Cook said on Wednesday.

Apple Inc (AAPL.O) told a U.S. judge that accessing data stored on a locked iPhone would be "impossible" with devices using its latest operating system, but the company has the "technical ability" to help law enforcement unlock older phones.