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With flaws in many new products, vendors should listen a bit more to the research community perhaps 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. Security experts are warning users to be on the lookout for a new rash of fake antivirus campaigns. When companies suffer security breaches, it is how they handle them - and the customer - that counts. Sophos is warning Sydney residents that they are the target of a large scale spam campaign which claims a powerful nuclear explosion has occurred. A cross-site scripting vulnerability in Yahoo Mail could leave instant messenger users open to attack. A new BotArmy, named "Kraken," reportedly twice as big as Storm, has been identified. A LinkedIn "spear phishing" email scam loaded malicious software to steal usernames and passwords. 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. Using Flash Player and clickjacking techniques, webcams and microphones can be hijacked, prompting Adobe to issue a workaround as users await a fix. A new and previously unknown exploit toolkit exclusively targets Adobe's PDF format.
Mozilla's Firefox 3.0.2, released late Tuesday, corrects 12 vulnerabilities, seven that are deemed "critical." A Miami man pleaded guilty this week for his involvement in the wireless-enabled data heists at TJX and a number of other well-known retailers. A new round of malicious emails tries to trick recipients into believing someone wants to be their Facebook friend. A new identity theft bill is set to become US federal law, adding stiffer penalties and stricter definitions for identity and information theft crimes. An Australian company has launched a "virtual safety deposit vault" and security service aimed at protecting travellers from identity theft and fraud.
A Malaysian hacker has been sentenced to two years in prison by US authorities for breaking into stock trading accounts Web monitoring firms are warning IT administrators to update their spam filters after a massive new spamming campaign was detected. Most RFID products – like passports and Oyster cards – leak data like sieves says Brit firm, Peratech.