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A Taiwanese criminal gang continues to launch attacks as Microsoft Word becomes the most common exploit vector, latest figures by MessageLabs show. 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 cybercriminal's stable diet of trojans and botnets is taking a back seat in the multi-million dollar cybercrime industry as blackmail, extortion, terrorism and even murder become prominent in the organised crime syndicates of the digital age. Information risk experts at a leading IT security conference have underlined the importance of people and processes in delivering an effective enterprise security programme. We all dream of being our own boss, but what does it take to set up a successful business in the real world? Mark Mayne has some advice. Microsoft has warned users to be vigilant after the discovery of a series of attacks on Office.. As big business finally gets a hold on security, SMEs relying on off-the-shelf e-commerce tools are easy prey. Microsoft issued four "critical" patches, including one for the zero-day Excel vulnerability reported in January, in its March Patch Tuesday round of bug fixes. In all, the company corrected 12 vulnerabilities, all client-side problems associated with its Microsoft Office productivity suite. As we put the festivities behind us and fix our sights firmly on the year ahead, those criminal gangs involved in the nefarious activities of spam creation, phishing and virus attacks continue to engage new tactics that will take advantage of our relaxed, less cautious frame of mind. External threats to network security have always grabbed the headlines, but it's a well-known fact that the biggest dangers are likely to come from inside your perimeter. Microsoft said on Thursday that next week it will release four patches, all of them critical, with one apparently fixing a zero-day Excel vulnerability. A new virus that appears to harken back to the days when malware was written for notoriety and annoyance is actually a craftily executed social engineering scheme that seeks financial fortune for its masterminds. Don't wait for the worst to happen. Define your company's key assets, the risks they're exposed to and how to protect them. Security researchers at Symantec said that attackers are for the first time using a social networking site -- in this case, Google's Orkut -- to deliver a self-propagated trojan. The worm is infecting the computers of those on the buddy lists of Orkut users, according to Symantec. A legitimate attachment containing information about security for the upcoming Beijing Summer Games is also masking a trojan, researchers at MessageLabs said. A security researcher has posted code for an exploit targeting a component of Microsoft Office.. Large-scale data breaches across both the private and public sectors dominated the news throughout the year. Rob Buckley looks back. OpenOffice.org released a new version of its productivity suite this week, fixing a flaw that could allow arbitrary code execution attacks. 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.

TJX and three bankers groups have settled a lawsuit over costs related to the discount retailer's record data breach that may have exposed as many as 94 million accounts, the parties announced Tuesday.