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US Federal authorities have busted the criminal ring responsible for the largest hacking and identity theft case in history. The FBI has arrested two men and charged them with stealing customer information from the servers of US mortgage lender Countrywide Financial. A Chinese man has been sentenced to two years in jail after hacking a Red Cross web site launched for the victims of China's recent earthquake. SC caught up with Harry Archer, principal security consultant and head of security practice at BT Australia recently to discuss the current state of security in Australia, or it seemed, the lack of it.

Daily Mail, which has spent months lambasting the UK government on data security, has itself lost a laptop containing the personal information of staff. Cyber-crooks are using new technologies and reinventing forms of social engineering to ensnare consumers and businesses, security experts warn. Scammers have turned to social networking site LinkedIn in a bid to bypass corporate spam filters, a security firm warned today.. A teenager has pleaded guilty to running a botnet of 1.3 million PCs from his home in New Zealand.. Consumers, regulators, and businesses have no way to reliably assess the incidences and frequency of identity fraud at major financial institutions, a new study concludes. A federal judge in San Francisco has ordered the disabling of a website that discloses confidential information, a precedent-setting ruling that may raise a legal challenge to the growing online black market in purloined data while testing First Amendment rights. Industry figures unite in condemnation of the UK Government's handling of the loss of 25 million child benefit records - thought to include the name and address of every child in Britain, and bank account details of carers and parents. A report by the Australian Bureau of Statistics has revealed that over five per cent of Australians were victims of personal fraud in 2007. Google and Microsoft are among an extensive set of technology vendors aiming to spur the adoption of digital identity cards. We can't just blame clever hackers for security breaches, infosec professionals need to get their act together. They are endpoint management and compliance, identity management and usage policy enforcement. Spammers are increasingly turning to hosted services to ship out their junk mail, the latest threat report from MessageLabs revealed. Despite a sluggish US economy, online shopping continues to show impressive revenue gains. Recent Forrester Research data suggests that online shopping will grow 17 percent in 2008, a far cry from what is happening in the brick-and-mortar world. Adobe recently patched a vulnerability in its Flash Player that is being actively exploited to infect machines with gaming trojans, researchers said Wednesday. As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. Financial services companies are struggling to deal with a variety of challenges associated with authenticating and securing their customer accounts in an increasingly complex multichannel environment, a panel of IT security professionals said at this week's RSA Conference in San Francisco.