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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. People are annoyed over the loss or theft of their personal information, a new survey from the Ponemon Institute reveals. A new virus that appears to harken back to the days when malware was written for notoriety and annoyance is actually a craftily executed social engineering scheme that seeks financial fortune for its masterminds. A Romanian-based criminal group is behind a new trojan-laced, socially engineered email run that tries to trick recipients into believing their employer committed payroll reporting fraud, security researchers said. An annual study by Gartner will report that the number of consumers who were taken in by bogus online offerings increased by nearly 40 percent in 2007 compared to the previous year. Kaspersky Lab announced Monday it has created a free utility to restore files that may have been deleted by a new ransomware variant. A bill introduced this week in the US would allow victims of identity theft to seek restitution for their crime-related expenses. Security firm SafeMedia has warned that the use of peer-to-peer software to steal personal information is likely to increase sharply. A mass spear phishing attack could await victims of the recently publicised data breach at discount online broker TD Ameritrade, IT security experts warned. An unknown number of clients of the Florists' Mutual Insurance Company had their personal information lost when a locked shipping case containing magnetic backup tapes was misplaced in transit. All too often, people are victims of identity theft. Less common, but perhaps more dangerous, is the growing trend of medical identity fraud. New England is again the epicenter of a major retail data breach, this time with the Hannaford Bros. grocery store chain on Monday disclosing that hackers stole 4.2 million debit and credit card numbers from its computer systems. A report by the Australian Bureau of Statistics has revealed that over five per cent of Australians were victims of personal fraud in 2007. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place. 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. Bogus alerts purporting to be from CNN are luring victims to over 1,000 hacked websites pushing fake, malware-infested Flash Player software, Internet security watchdogs have warned. Mozilla is investigating a new, low-risk vulnerability in its recently released Firefox 3 web browser that could permit an attacker to crash a victim's browser. A Chinese man has been sentenced to two years in jail after hacking a Red Cross web site launched for the victims of China's recent earthquake. Secure Computing is warning of a new Trojan in the wild that is infecting multi-media files on a victim’s hard disk.
Three vulnerabilities in Apple's iCal personal calendar application could enable remote attackers to install malicious code on victim's machines.