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.

PCWEEK: Updated Worm-Generating Software Issued 12-Mar-01 18:07:25 ET

Story Highlights:“Perhaps buoyed by his recent notoriety, the creator of the tool that spawned the so-called Anna Kournikova virus last month has released an updated version of his worm-generation software…”

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“A Brazilian hacker known only as [K]alamar has refined his software to the point that it can now produce worms scrambled with two types of encryption, an anti-deletion function and the ability to…”

Full Story on PCWEEK

ABCNews: Costs of Hacker Intrusions Grew to $378 mln 12-Mar-01 17:40:13 ET

Story Highlights:“Financial losses attributed to computer hacking and other security breaches at businesses and government departments grew 42 percent from the previous year to nearly $378 million in 2000…”

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“Eighty-five percent of respondents detected computer security breaches in the past year, with 64 percent admitting financial losses, according to the survey…”

Full Story on ABCNews

Computer User: Costs, Frequency of Computer Intrusion on Rise 13-Mar-01 03:08:44 ET

Story Highlights:“Financial losses from computer security breaches and the theft of proprietary information has kept pace with an increase in the number of online intrusions over the past 12 months, according to a report released Monday…”

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“The study, based on responses from 538 computer security officers at Fortune 500 corporations, universities and government agencies, found 85 percent detected computer security break-ins in the past year, and 64 percent acknowledged financial losses…”

Full Story on Computer User

Info World: Study Reveals Increase in Computer Crime Losses 12-Mar-01 18:27:42 ET

Story Highlights:“The cost of cyberattacks on U.S. companies, government agencies, banks, and universities continues to rise, reaching $377 million annually, according to a Computer Security Institute (CSI) survey released Monday…”

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“Of the 538 computer security specialists who participated, only 186 were willing to share the estimated amount of money their organization lost due to security breaches…”

Full Story on Info World

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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