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Crushing the Storm worm, the Srizbi botnet has caused a sharp rise in the circulation of malicious spam which is said to have tripled in just one week. Credit and charge card fraud rates increased in 2007, as more dollars were lost to fraudulent overseas online merchants, according to the Australian Payments Clearing Association (APCA). The Information Commissioner has finally got his wish, increased powers totackle data breaches The major data breaches that have received mass media coverage are driving so-called "C-level" executives to become actively involved in their organization's security policies, according to a new report from the (ISC)2. A diplomatic spat is developing between the Belgian and Chinese governments concerning alleged hacking attacks, according to media reports.. Separate data sharing intitiatives should be more closely linked As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. Experts give early word on simulated attack. Experts are predicting a surge in the adoption of information protection and control (IPC) technologies.. CompTia research finds big gap between perception and reality Managed security service provider, Earthwave, has publicly launched ISONet a wide area network initiative for independent schools, in response to the Rudd government’s ‘digital education revolution’.
Consumer peer-to-peer (p2p) internet applications are growing at a blistering pace. Evidence is everywhere: worldwide, users send more than 10 billion instant messages every day (J.D. Powers and Associates); Skype's 136 million users account for 7 percent of international long-distance traffic (Morgan Stanley); video file sharing may account for up to 60 percent of all internet traffic (CacheLogic). Almost every day there is news of a company's security breach and, increasingly, many of these incidents are originating from an employee or other internal source. Aladdin’s eToken offers full enterprise-wide deployment and lifecycle management of all authentication tokens, users and support applications. The product uses an open standards-based architecture with support for security applications relying on configurable connecters. One of the most trusted security elements, it can nonetheless be misconfigured and play right into the hands of the hacker. An aggressive, non-stop campaign by China to penetrate key government and industry databases in the United States already has succeeded and the United States urgently needs to monitor all internet traffic to critical government and private-sector networks “to find the enemy within,” SANS Institute Director of Research Alan Paller told SCMagazineUS.com. The Cold War may be over, but the global battle over information security is heating up, as U.S. intelligence experts struggle to fend off relentless cyber attacks emanating from China and Russia on critical databases. Information security management will be the most important initiative affecting IT strategy, investment and implementation in business organisations over the next 12 to 18 months.

A recent survey of 100 IT managers and CIOs from the financial services, health care, retail, manufacturing and government business sectors shows that despite a torrent of bad press on data-security breaches involving FTP (file-transfer protocol), its use is prevalent and growing. 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.