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Update: A phishing campaign targeted students and staff of Australian universities last month, according to an advisory from Auscert, Australia's National Emergency Response Team. Security researchers at McAfee Avert Labs have uncovered a fake "AntiSpyware Center" website purporting to be from Microsoft. Authorities have arrested a 58-year-old man in Greece they said hacked into computer systems of France's Dassault Group for more than five years, stole sensitive weapons technology data, and sold it to a variety of countries. It has been estimated that there are US$50 billion of illegal counterfeit and gray market goods sold on the internet annually and with the amazing growth in popularity of online auction sites and business-to-business (B2B) exchanges, all indications are that this trend is going to get worse before it gets better. The FBI has arrested two men and charged them with stealing customer information from the servers of US mortgage lender Countrywide Financial. Three people have been charged with stealing millions of dollars from Citibank customers after they found a way to steal user’s PIN numbers.
Password stealing malware hits US and Turkey and accounts for almost 13 per cent of malware activity detected in a recent survey. Sensitive material easily stolen using USB drives. Key management and cross-application encryption will be the next big thing, according to new research by the Ponemon Institute commissioned by PGP Corporation.

When we think about IT saboteurs, most of us picture a professional cyber-criminal or hacker bent on stealing confidential information or wreaking havoc. In both cases, the perpetrator is an outside party who breaches the data network of a company, institution, or government entity with malicious intent. A teenager in Singapore has been charged with the rare crime of accessing the web via someone else's wireless connection. EU vice president calls for co-operation and information exchange between
member states. Hackers whose efforts cause the death of a person will face the death penalty in Pakistan. German researchers have found a way to decrypt packets from a WPA-protected network. Newly organised methods of online criminal activity are threatening to democratise fraud and undermine banks and online traders, according to security experts at this year’s RSA Conference Europe. Two security firms have revealed that spam attacks have increased in the last quarter. The stakes were high when scores of researchers and investigators met Thursday for the twice-annual International Botnet Task Force meeting. A new program that claims to be an anti-spyware solution for the Mac is likely rogue software, security researchers warned on Friday. A laptop containing "strategic" GOP data was stolen from the Kansas City field office for Sen. John McCain -- but the machine lacked encryption. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place.