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A new identity theft bill is set to become US federal law, adding stiffer penalties and stricter definitions for identity and information theft crimes. The president's signature is the only thing standing in the way of a rare event: an IT-security related bill becoming law. A hacker who compromised phone systems for the US Federal Emergency Management Agency (FEMA) left the government with a US$12,000 phone bill. Telcos breathe sigh of relief. A group of U.S. senators have introduced a bi-partisan bill aimed at stopping phishing, but some privacy advocates are worried that website registrants will have to forfeit too much personal information. Two Republican congressmen from Illinois have proposed legislation that would update the Social Security card for the age of cybercrime. A bipartisan bill that would impose harsher restrictions on cyberattacks and permit identity theft victims to seek financial restitution in federal court is on its way to the U.S. House of Representatives after speedily passing through the Senate Thursday night in a unanimous vote. Portions of the Cyber Crime Act of 2007 have been folded into another bill mandating tougher cybersecurity standards, the Identity Theft Enforcement and Restitution Act of 2007. Two U.S. senators have introduced a bipartisan bill that would lower the threshold for what constitutes a cybercrime, while providing law enforcement with additional funds to investigate and prosecute offenders. A bill introduced this week in the US would allow victims of identity theft to seek restitution for their crime-related expenses. California Gov. Arnold Schwarzenegger, with strong urging from a lobbying alliance, has vetoed a stringent data protection bill that would have made merchants, not banks, responsible for reissuing credit cards and alerting customers following a breach.
Silent but deadly attacks on four major sites have been revealed by researchers Ed Felten and Bill Zeller at Princeton University. Report warns that losses could be the tip of the iceberg A pharmacy benefits management firm is offering a US$1 million reward for information leading to the conviction of its extortionists. Spammers are using thousands of Google Groups to spread unwanted email and malware. Attackers have posted public exploit code for a zero-day Windows vulnerability that could result in privilege escalation. Legislation has been introduced in the US Senate aimed at reducing intellectual property theft around the world. Information security experts have given their overall thumbs-up to the ALRC’s mandatory data breach disclosure recommendations, but admit the course of action needs fine-tuning.
UK's highest court has quashed Pentagon hacker Gary McKinnon's appeal against an extradition order. A new law in Congress would require every U.S. citizen to have electronic health records by 2014.