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WASHINGTON–eBay chief Meg Whitman said on Thursday that phishers pose one of the biggest threats to the customer trust that has sustained the auction giant. Speaking at the Visa Security Summit here, Whitman said her company has been developing fraud models aimed at detecting unauthorized account access and hires experts around the globe to help law enforcement find criminals. But she said additional safeguards and educational campaigns are necessary to prevent consumers from falling prey to phony requests for their sensitive information–or simply getting annoyed and canceling their eBay accounts. For more info click here
The Securities and Exchange Commission has taken action against alleged stock promoters and hackers thought to have broken into trading accounts. The SEC suspended trading Thursday in the securities of 35 companies that were heavily promoted in spam e-mail campaigns, it said in a statement. The trading suspensions, the most ever aimed at spammed companies, were ordered because of questions about the adequacy and accuracy of information about the companies, it said. For more info click here
Microsoft is investigating two recently disclosed security vulnerabilities that affect Internet Explorer 7 and Windows Vista, the company said Monday. The vulnerabilities aren’t considered high-risk, yet they affect the latest releases of Microsoft’s Web browser and operating system software. Microsoft has promoted the security of both IE 7 and Windows Vista. The flaws could let attackers get their hands on sensitive user information, security experts have warned. For more info click hereÂ
The Federal Trade Commission has asked a U.S. district court to permanently halt operations that engage in telephone record pretexting. Pretexting is at the heart of the scandal that led to conspiracy and identity theft charges against Patricia Dunn, Hewlett-Packard’s former chairman, and four others. Investigators hired by the company allegedly used deceptive means to obtain phone records belonging to journalists, HP employees and board members as part of a company-backed spying operation into news leaks.
Pretexting: Your Personal Information RevealedWhen you think of your own personal assets, chances are your home, car, and savings and investments come to mind. But what about your Social Security number (SSN), telephone records and your bank and credit card account numbers? To people known as “pretexters,†that information is a personal asset, too. Pretexting is the practice of getting your personal information under false pretenses. Pretexters sell your information to people who may use it to get credit in your name, steal your assets, or to investigate or sue you. Pretexting is against the law. How
For more info click here All Internet service providers would need to track their customers’ online activities to aid police in future investigations under legislation introduced Tuesday as part of a Republican “law and order agenda.” Employees of any Internet provider who fail to store that information face fines and prison terms of up to one year, the bill says. The U.S. Justice Department could order the companies to store those records forever.
For more info click here Individuals who sell or deliberately misuse others’ personal data in the U.K. could now face a penalty of up to two years in prison. The previous penalty stipulated for the charge in the Data Protection Act 1998 was a fine. Now data thieves risk up to six months in prison for a summary conviction, while for a conviction on indictment, they could get up to two years, the U.K. Department for Constitutional Affairs said Wednesday.
For the rest of the story click here Phishing attacks have outnumbered e-mails infected with viruses and Trojan horse programs for the first time, according to security experts. Security mail services vendor MessageLabs reported on Monday that in January 2007, one in 93.3 e-mails (1.07 percent) comprised some form of phishing attack. There were fewer e-mails–one in 119.9, or 0.83 percent–infected with viruses.
For more info click here An alleged marketer of online porn has agreed to pay a $465,000 penalty to settle spam charges, the U.S. Federal Trade Commission said Tuesday. Under a proposed settlement, TJ Web Productions has also agreed to adhere to federal spam laws, the FTC said in a statement. This means the company has promised to use the phrase “sexually explicit” in message subject lines and ensure that the initially viewable area of the message does not display explicit images.
For the rest of the story click here Microsoft has quietly flipped the switch on a new feature in Internet Explorer 7 meant to combat phishing scams. The software giant in early January made a change on its computer systems that allowed Web sites fitted with a new type of security certificate to display a green-filled address bar in IE 7, Markellos Diorinos, a product manager for Windows at Microsoft, said in an interview.
For more info click here Two South Korean computer programmers have been arrested on suspicion of sending out 1.6 billion spam e-mail messages in violation of the country’s commerce laws, police said on Tuesday. The two men, one aged 20 and the other 26, are suspected of sending out the unsolicited e-mail messages between September and December last year in what police describe as one of the biggest spam blasts in the country’s history.
CNET For more info click on above link Internet pioneer Vint Cerf has warned high-powered attendees at the World Economic Forum in Davos, Switzerland, that the Internet is at serious risk from botnets. Vast networks of compromised PCs, used by criminals for sending spam and spyware and for launching denial-of-service attacks, are reported to be growing at an alarming rate in terms of their potential. Cerf, now an employee of Google, warned that they could undermine the future of the Internet and likened their spread to a pandemic.
AOL phisher faces up to 101 years in prison | CNET News.com For more info click on above link A California man faces up to 101 years in federal prison after a jury found him guilty of sending out e-mail scams as well as related crimes. Jeffrey Brett Goodin, 45, of Azusa, was convicted Friday on multiple counts by a jury in the U.S. District Court for Central District of California in Los Angeles, the U.S. Attorney’s Office said in a statement.
Security tools ready for Vista launch | CNET News.com For more info click on above link Microsoft is promoting Windows Vista as the most secure version of its operating system yet–but it’s still recommending outside help to shield against common cyberthreats. All major security software makers, as well as many smaller ones, will have products available for Vista when the operating system is launched to consumers on January 30, Microsoft said Wednesday. That’s a different story from last November, when Vista was released for businesses. At that time, only one major security company, McAfee, was ready.
HP investigator argues California can’t try him | CNET News.com For more info click on above link An investigator charged with felonies connected to the Hewlett-Packard spying scandal told a judge Wednesday that he’s immune from prosecution in California because he’s already pleaded guilty to the same crimes in federal court. Bryan Wagner is charged in California with four felonies, including identity theft and conspiracy. Prosecutors allege that the 29-year-old data broker persuaded telephone company employees to hand over private records belonging to journalists and board members.