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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. As it turns out, Microsoft's emergency fix plugs a previously unknown Windows vulnerability that was being exploited in limited attacks. A wave of malicious PDF files have been identified by ESET. A number of leading authorities have been urging caution on the adoption of web-based services as a new wave of vendors unveil cloud initiatives. It's been some time in the making, but Microsoft soon will make its first service pack for Vista widely available. While the final version started shipping to manufacturers earlier this month, Microsoft says it's making some final tweaks to its distribution channels before general availability in a few weeks. So what can we expect? The notorious Storm worm botnet, which has mounted phishing attacks on major banks and spawned several waves of holiday-themed messages in recent weeks, is generating spam that directs recipients to bogus medical sites, Websense has warned. When companies suffer security breaches, it is how they handle them - and the customer - that counts. The Fedora Project has begun issuing updates to its Linux distribution following a hacker break-in. Axway will introduce its business solution brand to the Australian sales channel thanks to a completed merger.
Microsoft plans to issue four security patches next week, all for "critical" flaws. Lawyers for Gary McKinnon, the hacker who broke into Nasa computers, have appealed to the Home Secretary in a bid to stop him being jailed in the US. Gary McKinnon, the alleged NASA hacker, has failed in his last-ditch appeal to the European Court of Human Rights to have his extradition to the United States quashed. A security researcher is trying to garner funds to set up his own company by charging for details of software flaws. The opening ceremony for the much anticipated Beijing Olympic Games is only hours away and security experts have sent out an eleventh hour warning to internet users – ‘think twice before you click.’ Malware purveyors are embracing the upcoming Olympic games wholeheartedly. Convicted spammer Edward 'Eddie' Davidson apparently killed his wife and daughter before taking his own life.
When researcher Dan Kaminsky reveals details behind the major DNS protocol vulnerability next month at Black Hat, it may not be such a surprise anymore. A list of the five most spammed people in Britain, found one person received 44,000 unwanted emails a day. Google and LinkedIn criticised for not protecting individuals' data. Malware writers are looking to cash in on the upcoming Fourth of July weekend, security experts have warned.