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As might be expected, email users are beginning to see the first stages of what is expected to be a major phishing attack capitalising on the populace's eager expectation of IRS refund checks, as well as the Bush administration's economic stimulus payment distribution, scheduled to begin May 2. The IRS and malware researchers warned this week of spear phishing scams specifically targeting corporate executives. Convicted spammer Edward "Eddie" Davidson has escaped from a federal prison camp after serving just five weeks of a 21 month sentence. The twisters and historic floods sweeping across the US will give rise to malicious attacks, the SANS Storm Center warned on Friday. Phishing attacks that target high-value assets are increasing, according to researchers at Verisign's iDefense Labs. During the past year, waves of attacks have risen from three or four a month to as many as 10 per month. In what could presage a rash of tax-time spam emails purportedly from government agencies, security researchers at MX Logic have uncovered an influx of keylogger-laden emails spoofing the U.S. Department of Justice (DOJ). Phishers have been unusually slow to capitalise on the lost HM Revenue & Customs data disks.
Spam accounted for 95 per cent of all email traffic in 2007 as spammers grew increasingly brazen and diverse in their attack strategies, according to anti-spam firm SpamStopsHere.

A Romanian-based criminal group is behind a new trojan-laced, socially engineered email run that tries to trick recipients into believing their employer committed payroll reporting fraud, security researchers said. A new round of targeted phishing is underway with attackers again trying to trick recipients into opening malware-laden attachments falsely claiming to originate from the federal government, researchers warned today. It takes real audacity to impersonate the folks who'll prosecute you if they catch you in an illegal act. As the April 15 annual tax deadline approaches, cyber fraudsters are ramping up attacks against online American tax filers to steal confidential information, security experts warned today. The Internal Revenue Service (IRS) and Kansas City officials are searching for lost agency computer tapes that may have been missing for as long as two months. A new report released last week found that the majority of employees working for the Internal Revenue Service (IRS) abuse the agency's email service. U.S. hackers account for more malware, spam and phishing attacks than those in any other nation, new research has claimed. More than 20 percent of email users receive more than five phishing emails every day, according to a new report. When truth is stranger than fiction — as it often is in enterprise IT departments — managing technology assets securely can require a powerful imagination. Indeed, how IT departments cope with issues such as the obsoleting of hard drives and eliminating so-called “double-campers ” from their resources might well determine whether or not they can claim their IT assets are truly secure. Criminals see the internet as an easy target, but Marcus Sachs is the man to stop them, as Illena Armstrong and Marcia Savage report Symantec has agreed in principle to pay the Internal Revenue Service (IRS) $36 million to settle an outstanding tax obligation resulting from an audit of anti-virus giant’s finances. A rule change proposed by the U.S. Treasury Department and the Internal Revenue Service (IRS) has come under fire from privacy advocates who have taken issue with a clause allowing tax preparers to sell tax-return information to third parties.