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Security experts have warned consumers to be aware of the growing threat of ID theft as the online holiday shopping season reaches full swing.. A new round of targeted phishing is underway with attackers again trying to trick recipients into opening malware-laden attachments falsely claiming to originate from the federal government, researchers warned today. Betfair's global head of security seems to have it all: bosses who listen, resources most of us can only dream of, and youth. Estonia has been hit by a series of hacking attacks crashing the country's websites and has accused Russia of starting a cyber war. The financial industry has been hit hard by the increasing sophistication of web-based threats, including online phishing and identity theft attacks. According to Gartner, these attacks caused losses upwards of US$2.8 billion in 2006 and the numbers don't seem to be abating in 2007. Karl Hart doesn't need to read articles or watch the evening news to know that financially motivated hackers nowadays are finding easy pickings at colleges and universities across the country. Attacks having a detrimental effect on reputation. South Australian Police are warning local residents of a surge in Nigerian scam emails targeting South Australian residents.

The newest generation of employees connects with friends on Facebook and shares YouTube videos on lunch breaks or throughout the working day. The website of a heavily trafficked Indian newspaper is clean of malware, just days after hackers launched a nearly impossible-to-detect cross-site scripting attack that infected users' machines with a variety of malware. Our instinct is to fix bugs when we come across them, but sometimes that can cause more harm than good. Fifty financial institutions in the United States, Europe and the Asia-Pacific region were hit with a well crafted pharming attack this week. Swedish bank Nordea has suffered the biggest internet fraud in history after more than eight million kronor ($1.5M) disappeared as a result of tailor-made Trojans launched by Russian criminals.
Global IT spending is expected to reach US$1.5 trillion by 2010, new research shows. Faced with ever more data to be kept, tougher regulations and high-profile security breaches, it's time to rethink storage. When Chinese law enforcement authorities in July rounded up members of two criminal organisations allegedly responsible for US$500 million in counterfeit software, it was hailed by the FBI and software vendors as a considerable blow to high quality Chinese counterfeiters. Hard drive security firm DriveSentry has released a new version of its namesake flagship product, featuring new technology designed to detect more accurately which applications and files can access users' systems.
Spam levels have reached an all time high, according to the latest figures released by Ipswitch, a network monitoring company. As security threats to networks become ever more sophisticated, there is a drive towards a more proactive stance and a demand for solutions that can identify unknown as well as known threats. Chinese hackers breached US and UK government systems to steal top-secret strategy information and frustrate the military, according to a security expert at McAfee.