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Businesses not only need to be focused on their intranets but they also need to be vigilant to their outsourced data flow. The first network protected by quantum encryption has gone live at a scientific conference in Vienna. The black-market price for stolen credit and debit card details has dropped to as little as US$1.50, according to a newspaper investigation. Criminal gangs are placing staff members in companies to operate as moles. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place. The rate and complexity at which exploits are being "weaponised" is rapidly increasing. The security of virtualised environments took centre stage at VMworld overnight as security vendor McAfee and IT configuration firm Tripwire made several key announcements.
New powers will increase maximum jail sentences for hackers. Panda Security for Enterprise is another suite of products designed to protect the endpoint. The movement to create secure software received a boost with the launch of a new certification from (ISC)². A new identity theft bill is set to become US federal law, adding stiffer penalties and stricter definitions for identity and information theft crimes. IT service management is seen as a necessary evil by board members of half of medium to enterprise sized organisations. Microsoft announced that it would make available three Security Development Lifecycle programs and tools to help the industry improve security and privacy technology. Legislation has been introduced in the US Senate aimed at reducing intellectual property theft around the world. Microsoft has re-released a critical security update known as MS08-051. Linux distributor Red Hat has issued a critical security update after its servers were hacked last week.. When facing up to a data breach, first contain it then evaluate the associated risk, says the Office of the Privacy Commissioner which released a new guide on handling breaches, today. Hackers compromised Red Hat's Fedora servers, which prompted the open source software company to issue a critical update Friday for its OpenSSH packages. Data security solution provider, Sophos, intends to make a cash offer for shares in Utimaco Safeware to strengthen its leadership in the IT market. Google is taking a step into the field of cryptography, with KeyCzar, an open-source tool which allows developers to use encryption within their applications.