Friday, August 25, 2006

Spammers affect stocks / Cisco warns of flaws / Hacker faces prison

Spammers manipulate stock markets
Spam-mails promoting penny stocks has enough effect on the stock market to earn the spammers up to 6 percent on pump-and-dump schemes. - BBC News

Spyware attacks hit new high
Security firm Webroot reports that it has registered the highest rate of spyware infections since 2004. - Computer Weekly
Related of interest:
Nine in 10 PCs infected with spyware - Vnunet.com

Postponed IE-patch re-released by Microsoft
Microsoft has finally released the updated version of a recent patch for Internet Explorer that turned out to cause a new risk. - Computer Weekly

IT execs on firing line over security breaches

The dismissal of AOL's CTO earlier this week is just the latest in a row of episodes, where the IT execs takes the blame for security breaches. - Computerworld

Cisco flaws leave firewalls, VPNs vulnerable
Cisco has issued a warning about a flaw in some of its products that could allow passwords to be changed. - eWEEK
Related of interest:
Cisco releases two security advisories - SC Magazine UK/US

Inside attacks generally launched by problem employees
According to U.S. Secret Service inside attacks are generally launched by disgruntled and repeatedly troublesome employees. - InformationWeek
Related of interest:
Study highlights insider threats - InformationWeek

Hacker faces prison for PC attacks
A 20-year old U.S. hacker that created a virus that put patients at a hospital in jeopardy could get six years in prison, when sentenced. - NewsFactor

Man-in-the-middle PayPal attack in the works
Finnish anti-virus firm F-Secure warns about a potential phishing attack against PayPal users that could use man-in-the-middle tactics. - SC Magazine UK/US

Online retailer sentenced for arranging computer attacks on rivals

A 19-year old man has been sentenced to 30 months in prison for hiring another teenager to launch a computer attack against competitors to his online business. - AP/SiliconValley.com

Ransomware data kidnapping on the rise
Anti-virus firm Panda reports of a 30 percent rise in the amount of ransomware. - Vnunet.com

Experts warn of email-bombing campaigns
The recent sentencing of a U.K. teenager for burying his former employer's email server with spam only shows that it could have gone much worse, experts warn. - Vnunet.com

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