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A California man is facing a maximum of 60 years in prison and a US$1.75 million fine after agreeing to plead guilty to using botnets to steal PC users' personal and financial information. Extortion technique no longer profitable, say experts. A rise in international cyberspying will pose the most significant threat to the national security of the United States in 2008, according to a report from anti-virus vendor McAfee. When news broke this week that Apple QuickTime contains a new and extremely dangerous flaw, it served as a perfect lead-in to today's unveiling of the latest SANS Top 20, which lists client-side vulnerabilities among the biggest threats facing end-users. Monday marks the unofficial start to the online holiday shopping season, and while experts are predicting record-breaking internet sales this year, security researchers are warning that criminals will be prowling cyberspace more than ever before. Social sites likely to be big targets for cyber criminals 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. Online criminals have started targeting a vulnerability in Adobe's PDF reader. A security researcher at the University of California says the Storm Worm could be coming to an end, based on his tracking data.
Time running out for Adobe to patch 'critical' vulnerability. Size counts in online crime. Spammers, hoping to score thousands of dollars after ditching the stock they've flimflammed targets into purchasing, are inundating email boxes with one of the largest pump-and-dump scams in history. Virus levels down in Australia but spam surging again according to MessageLabs. The 'Italian Job' attack was the first large scale use of a Web-based attack, and it was duplicated only a few days later.
The notorious "storm worm" trojan is at it again, this time spreading through a bogus link for a YouTube video, security researchers have warned. IT security distributor, Unixpac has picked up Mi5 Networks, a web security
gateway vendor. The headlines are scary for both CIOs and the companies they work for. "Stolen Computer Holds Information of 16,000 Driver's License Holders," "Vulnerability Auctions Killing Responsible Disclosure," "Hacking for Dollars: Is The Botnet Battle Already Lost?" "Online Brokerage Account 'Incursions' Worry SEC." The trend of hackers and cybercriminals using botnets to conduct large-scale denial-of-service attacks increased at an “alarming rate” during the second half of last year, new research has revealed. The infamous storm worm trojan, which first hit inboxes in January, is poised to become a for-sale spam botnet system, complete with fast-flux DNS and hosting capabilities. Security experts have warned of an outbreak of malicious spam emails that use log-in account confirmation details as a hook to get users to visit an infected website.