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Cyberattackers are on the verge of creating trojans that take advantage of social networking websites and Web 2.0 technologies, according to researchers at Finjan. Business networking site LinkedIn has remedied a dangerous zero-day vulnerability in its Internet Explorer toolbar, one day after researchers went public with the exploit code. In a move sure to fuel the debate over responsible disclosure, a pair of security researchers have posted public exploit code for a severe vulnerability affecting users of the Internet Explorer toolbar for business networking site LinkedIn. Sir Tim Berners-Lee, father of the internet, has hit out at companies that try and sell customer’s browsing data.

Three out of five IT professionals plans to increase spending on security over the coming year, according to a study by Cisco.. Cisco has announced plans to release patches for its Internetwork Operating System (IOS) software on a regular schedule, much in the same way that Microsoft and Oracle issue product fixes on scheduled dates. Don't wait for the worst to happen. Define your company's key assets, the risks they're exposed to and how to protect them. The CSIRO has developed a prototype portable device aimed at minimising the risk associated with performing transactions in untrusted and unknown computing environments. Cisco late Wednesday patched seven severe vulnerabilities in its widely used internet telephony software that could permit device compromise or system shutdown. Critical ActiveX control flaws have been detected in the Yahoo! Music Jukebox, which like vulnerabilities reported last week in MySpace and Facebook image uploaders, may permit attackers to take control of users' PCs. Social networking giant Facebook has sued an Ontario-based company associated with online porn, alleging that it tried to hack into its system and access the personal information of users. Internet users are at an increased risk of web-based crime, despite 88 per cent having some form of internet security software, according to a poll by Get Safe Online.
The unified threat management bucket is starting to show signs of age. Encryption is pointless if not applied to an entire session. It only gives users a false sense of security. Security experts have warned users to focus on securing their whole online lifestyle in 2008. Large-scale data breaches across both the private and public sectors dominated the news throughout the year. Rob Buckley looks back. The need for higher levels of security is pushing organisations towards multi-layered products that offer access control, video surveillance and other security devices in a single platform.. The information in an authentication dialog box from Mozilla's Firefox browser can be spoofed, allowing an attacker to conduct phishing schemes, according to Israeli researcher Aviv Raff. Google has halted the spread of a worm on its social networking website, Orkut, but not before the self-replicating script reportedly spread to more than 400,000 member profiles. TOP 5 CYBERATTACKS:

1. The Storm Worm
What began as an email-spawned trojan attack using fake news stories to lure victims became the most widespread cyber-assault in recent memory. Still replicating, and exploiting a number of patched vulnerabilities, the botnet-fueled, socially engineered attack may make next year's list as well.