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The US Federal Trade Commission (FTC) has shut down what it claims was the world's largest network of spammers. Deborah Platt Majoras, chairwoman of the Federal Trade Commission (FTC) since 2004 and a champion of identity theft protection for consumers, announced Thursday that she plans to leave her post in late March. Biometric technologies for authentication purposes are years away from being ready for use, according to head of security at UK’s trade association for payments, APACS. Identity theft has become a multi-billion dollar issue that continues to accelerate, and protecting against it has become a multi-million dollar business, says Deloitte's Mark Steinhoff. Company launches offensive against illegal software sales. A startup software company sued Google on Monday for allegedly having stolen its trade secrets. The Federal Trade Commission has approved a final consent order that settles charges an online clothing retailer failed to properly secure its customers' personal information. The US Federal Trade Commission on Thursday announced a settlement with TJX over the discount retailer's massive breach of customer credit card records. In a victory for privacy advocates, an Orlando, Fla.-based company has been ordered not to sell keylogger spyware. 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. The stakes were high when scores of researchers and investigators met Thursday for the twice-annual International Botnet Task Force meeting. When companies suffer security breaches, it is how they handle them - and the customer - that counts. Neville Isdell said that the breach “…underscores the responsibility we each have to be vigilant in protecting our trade secrets. Information is the lifeblood of the company.” The US Federal Trade Commission (FTC) is hosting a half-day roundtable event to discuss new strategies aimed at increasing awareness of phishing schemes. The black-market price for stolen credit and debit card details has dropped to as little as US$1.50, according to a newspaper investigation. Protecting users from internet-borne threats falls on trusted websites, says Overstock's Sam Peterson. Dan Kaplan reports. The president's signature is the only thing standing in the way of a rare event: an IT-security related bill becoming law. Legislation has been introduced in the US Senate aimed at reducing intellectual property theft around the world. Security experts are warning users of a high risk of phishing operations connected to Hurricane Gustav. Is it safe to take your mobile devices with you to the Beijing Olympic Games?