Daily Cybercrime and Security Report

If you do business on the Internet, you cannot afford to be uninformed about the dangers and pitfalls that cybercrime poses. The following is a daily survey of the latest cybercrime news from around the world.

E-Commerce Times: Net Fuels Surge of Fraud in Europe 20-Feb-01 07:30:15 ET

Story Highlights:“Online scam artists contributed to a 50 percent increase in credit card fraud in the European Union (EU) last year, ringing up US$553 million in illegal transactions, according to numbers released by the European Commission (EC) on Monday…”

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“To stem the tide, the EC has launched an ambitious three-year ‘Action Plan’ meant to reduce ‘the growing problem of fraud and counterfeiting on cards and other non-cash means of payment widely used for cross-border transactions…'”

Full Story on E-Commerce Times

Forbes: HK Court Jails Cyber-Stalker for Obscene E-Mail 19-Feb-01 21:53:59 ET

Story Highlights:“A Hong Kong court has sentenced a computer hacker to a year in jail for harassing two young women with obscene e-mail, the first time a cyber-stalker has been convicted and jailed in the territory…”

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“The 23-year-old man, surnamed Ko, identified himself as ‘superhacker’ and began sending dirty messages to two Hong Kong university students in September 1998 in which he threatened to rape them, the English-language South China Morning Post reported…”

Full Story on Forbes

CNN: Mayor Offers Kournikova Virus Creator a Job 19-Feb-01 10:23:15 ET

Story Highlights:“A local mayor has offered a job interview to a 20-year-old hacker who confessed to spreading a computer virus purporting to offer a photo of tennis star Anna Kournikova that backed up e-mail systems worldwide…”

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“Mayor Siebold Hartkamp didn’t specify what sort of post he might offer the man, who was arrested by police on Wednesday. But he suggested the hacker — known as ‘OnTheFly’ — would be a good expert on computer security…”

Full Story on CNN

Fairfax I.T.: Business Warned of E-Crime 19-Feb-01 20:54:49 ET

Story Highlights:“Business leaders were warned yesterday that electronic crime is on the rise, with reports of computer incidents increasing more than six times in the past three years…”

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“‘Such incidents were commonly either network scans, viruses or distributed denial of service attacks,’ Australasian Centre for Policing Research director Barbara Etter said. ‘The statistics … are of concern as they demonstrate an alarming increase in…'”

Full Story on Fairfax I.T.

ZDNET UK: Hackers Become Terrorists Under New Law 19-Feb-01 11:57:36 ET

Story Highlights:“Computer hackers could be classed as terrorists under a UK law that came into force today. The Terrorism Act 2000 is designed to prevent dissident political groups…”

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“Alex Gordon, a partner with London law firm Berwin Leyton and a specialist in information technology law, said the act gives police significant new powers over computer criminals…”

Full Story on ZDNET UK

Inter@ctive Week: Software Holes Need Patching 19-Feb-01 00:24:15 ET

Story Highlights:“More users must upgrade their version of a key program underlying the Internet or risk damaging attacks by hackers that could affect systems far beyond their own, security experts warn…”

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“‘We believe this issue is among the most serious the Internet will face,’ said Shawn Hernan, team leader for vulnerability handling at Carnegie Mellon University’s Computer Emergency Response Team (CERT), which monitors problems on the Internet…”

Full Story on Inter@ctive Week

ZDNet: Grip on Security Weakens 20-Feb-01 10:29:20 ET

Story Highlights:“As handheld devices such as PalmPilots and cell phones have become ever more popular, virus writers and other hackers have begun to focus some of their attention on this large and comparatively easy unsecured target…”

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“In the past six months, two Palm OS viruses one more of an annoyance than anything else have hit the handheld community. Experts say viruses and hacks written for Palm OS, which is open…”

Full Story on ZDNet

For more of the latest e-business and technology news from around the world, updated 24 hours a day, visit TechNewsWorld.com.

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