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Internet fraudsters did not wait long to capitalise on the election of Barack Obama, flooding inboxes on Wednesday with malware spam. The trail of bogus anti-virus software and the money it brings in leads to a software company in Russia, according to security researchers. The demand that web 2.0 has placed on browsers is opening up new vulnerabilities to unsuspecting users, Itzik Kotler, team leader of the Security Operation Center at IT security firm Radware, has warned. Two security firms have revealed that spam attacks have increased in the last quarter. Operating systems are inherently insecure and will remain that way in the future, according to Eugene Kaspersky, CEO of Russian-based security vendor Kaspersky Lab.
He flew in and out in a flash but Eugene Kaspersky managed to paint a bleak future for the whitehats of the security industry during his Sydney visit this week. The crisis on Wall Street is contributing to the largest rise in email-borne malware since February 2007. A security firm has identified over 10,000 web pages rigged by cyber-criminals to hijack the PCs of unsuspecting surfers.. Cyber-criminals and malware writers are looking for ways to test their creations before distributing them, according to research carried out by security firm PandaLabs.. The Super Bowl presents a ripe target for cybercriminals intent on maximising the impact of their scams, and the biggest question at this time - aside from which team will win the big game - is what form these attacks will take. Apple wasn't the only one to cash in on the hype surrounding Friday's iPhone release. Protecting users from internet-borne threats falls on trusted websites, says Overstock's Sam Peterson. Dan Kaplan reports. The inaugural SC World Congress takes place in New York December 9 & 10. Computers in the United States launched the most cyberattacks in 2008, according to a security firm. 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 hacker who exposed portions of GOP vice presidential candidate Sarah Palin's email got her password by claiming to have 'forgotten' it. A newly released Open Source security program claims to have the potential to put antivirus software companies out of business. The recent rash of high profile security breaches, data loss incidents and associated fraud highlights the fact that the security industry is failing to meet the threats. An article that appeared in last weekend's Glasgow Sunday Herald claiming personal information belonging to eight million travellers had been winkled has been denounced.
Security experts worry that an open-source Flash animation toolkit is being widely misused to create malicious banner advertisements.