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A combination of the consolidating financial services space and fear over the stock market plunge has prompted malware writers to shift their tactics. The old stock market mantra -- buy low, sell high -- could prove especially useful if you call your broker on Patch Tuesday. A Malaysian hacker has been sentenced to two years in prison by US authorities for breaking into stock trading accounts Some 250,000 computer users, who likely never knew their machines had been seeded with the notorious Storm Worm virus, received confirmation this week when a pop-up stock spam message appeared on their desktops. Levels of image spam dropped again in June, but researchers also saw increased use of PDF spam. Anti-virus giant Symantec has announced it intends to buy back US$2 billion in stock, building on the repurchase of nearly US$7 billion in stock in the past two years. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place. Kaspersky Lab is going to open a regional office in Melbourne to strengthen its business in Oceania.
A new thumb drive unlocks Apple's TV box and opens it up to innovative social networking features. The first months of 2008 has seen spam levels rise with the economic situation and Olympics adding fuel to the fire. A Ukrainian hacker may be allowed to keep over US$250,000 in profits owing to a loophole in US law. Data security solution provider, Sophos, intends to make a cash offer for shares in Utimaco Safeware to strengthen its leadership in the IT market. The federal Securities and Exchange Commission (SEC) has suspended trading on three thinly-traded stocks that the agency said were being touted in spam and YouTube campaigns. A global software firm that specialises in collaborative business solutions announced Friday it is acquiring messaging security provider Tumbleweed Communications. Three Indian men have been arrested on the suspicion of hacking into US brokerage accounts to boost the value of their shares, the US Justice Department (DOJ) said yesterday. Emails promising PlayStations and copies of game contain malware. 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. As might be expected, email users are beginning to see the first stages of what is expected to be a major phishing attack capitalising on the populace's eager expectation of IRS refund checks, as well as the Bush administration's economic stimulus payment distribution, scheduled to begin May 2. Spammers are becoming more business savvy and are capitalising on news and seasonal trends in a more commercial way.. Secure Computing kicked-off the 'Paul Henry seminar series introducing Scott Montgomery' in Sydney yesterday where IT security professionals were treated to a candid session of insights in the security space and emerging trends.