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Researchers are tracking a new and more sophisticated take on an old trojan that encrypts files on a victim's computer and then demands a payment in exchange for the keys. Researchers have discovered malware which holds mobile phone data to ransom.. The president's signature is the only thing standing in the way of a rare event: an IT-security related bill becoming law. Hackers were able to infiltrate an overseas power grid to knock out the lights for several international cities, a CIA analyst told attendees at a SANS Institute conference in New Orleans. Software as a service may seem good news for users, but it could also be an open invitation for attackers. A bipartisan bill that would impose harsher restrictions on cyberattacks and permit identity theft victims to seek financial restitution in federal court is on its way to the U.S. House of Representatives after speedily passing through the Senate Thursday night in a unanimous vote. Monster.com, the online recruitment website that suffered a data breach triggered by the Infostealer.Monstres trojan, said it has closed a "pirate" server housing the personal information of hundreds of thousands of job hunters. As Kaspersky Lab targets the global corporate market, its co-founder tells Paul Fisher why he thinks people are not afraid of the Russians. Pakistani authorities last week made the country's first arrest in a "hacking-for-ransom" case. Researchers from Marshal today reported a sharp increase in image spam, as well as new techniques used to slip the unwanted emails past filters. Police in Manchester are investigating the case of a Rochdale woman whose computer files had been encrypted by cybercriminals. Are intrusion prevention systems worth the effort of managing them? Or can you get away with a good firewall? Rob Buckley investigates Analysts have cracked a Russian ransomware trojan that was using 660-bit RSA encryption key, Kaspersky Lab announced Monday. Spam King Scott Richter has agreed to pay $7 million in damages to Microsoft for his massive spam email campaign. Cyber blackmail is on the increase, a new report has found. Online blackmailing grew in frequency during the first quarter of 2006, according to a study by one security vendor. The student that made a million dollars in four months by selling pixels on a web page has had his site come under a DoS attack by extortionists. Forget the outdated hacker image of a spotty anarchic teenager holed up in his bedroom defacing the websites of global organizations; today’s hackers are not only older but more determined than ever to claim your cash and identity. An MP has proposed tougher laws against computer crime in a presentation to the British Parliament. A stolen database of registered car owners has been used in an elaborate scam that fooled owners out of $700 apiece.