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Report warns that losses could be the tip of the iceberg The anonymity and universal access of cyberspace makes cybercrime attractive and easy. The amount of malware being punted around the internet is growing at an exponential rate, and traditional locally-based protection applications will soon buckle under the strain, web security firm F-Secure has warned. A recent update from antivirus firm AVG has caused havoc with some users by deleting a critical file in non-English versions of Windows XP after incorrectly detecting it as a virus. One in four public-facing domain name system (DNS) servers on the internet are still vulnerable to the Kaminsky flaw, according to the fourth annual survey of DNS servers by network services vendor Infoblox. Internet fraudsters did not wait long to capitalise on the election of Barack Obama, flooding inboxes on Wednesday with malware spam. The Australian Communications and Media Authority has issued a formal warning to The Ad Company Pty Ltd for alleged breaches of the Spam Act 2003.
The trojan used to "sniff" the credit card information of millions of TJX shoppers was provided by a 25-year-old New York man, who has been charged with conspiracy. The trail of bogus anti-virus software and the money it brings in leads to a software company in Russia, according to security researchers. Malware writers are leveraging the trusted Google name to launch a new wave of worm attacks against Facebook users, researchers said this week. This year has not been a good one in terms of data breaches – from the loss of child benefit details to the loss of top secret information on known terrorists. Identity theft has become a multi-billion dollar issue that continues to accelerate, and protecting against it has become a multi-million dollar business, says Deloitte's Mark Steinhoff. Two security firms have revealed that spam attacks have increased in the last quarter. An American who helped a New Zealand hacker has been sentenced to 90 days in prison and five years of probation. Fifty-six people have been arrested in connection with an undercover FBI operation that posed as an online forum for trading stolen credit card numbers. The US Federal Trade Commission (FTC) has shut down what it claims was the world's largest network of spammers. The first network protected by quantum encryption has gone live at a scientific conference in Vienna. Deutsche Telekom loses 17m customer details. Sophos has completed its acquisition of German-based data security and encryption vendor Utimaco Safeware. Protecting users from internet-borne threats falls on trusted websites, says Overstock's Sam Peterson. Dan Kaplan reports.