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.

The Register: $3.9bn Internet Banking Fraud Busted 11-Apr-01 13:42:19 ET

Story Highlights:“The International Chamber of Commerce (ICC) has today announced the successful closure of an online banking fraud worth an estimated $3.9 billion…”

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“The fraud came to light when financial institutions alerted the ICC to offers of European banking guarantees, worth between $50 million and $400 million, at ‘highly discounted’ prices on at least 29 different Web sites…”

Full Story on The Register

ZDNET UK: EC Launches European Cybercrime Forum 11-Apr-01 05:49:32 ET

Story Highlights:“European commissioner Antonio Vittorino announced the launch of a European cybercrime forum on Tuesday, following a recommendation contained in the EC draft convention on cybercrime…”

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“In his keynote speech at EuroISPA’s conference on Internet security in Brussels, the Justice and Home Affairs commissioner revealed plans for a new forum to specifically deal with cybercrime at an international level…”

Full Story on ZDNET UK

ZDNET UK: Security Flaw Found in Alcatel DSL Modems 11-Apr-01 05:49:31 ET

Story Highlights:“Computer industry security experts believe they have discovered a vulnerability in certain high-speed modems manufactured by French communications equipment giant Alcatel…”

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“Though only theoretical so far, the problem makes the devices potentially vulnerable to malicious hacker attacks…”

Full Story on ZDNET UK

Computer User: First Logo-Based Virus no Threat 11-Apr-01 03:10:30 ET

Story Highlights:“Reports late Monday of the first Logo language-based virus being ‘in the wild’ pose no threat whatsoever to PC users, according to Graham Cluley, senior technology consultant with Sophos Antivirus…”

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“Central Command issued a press alert on April 9 about the virus, which has been reported by several wire services. However, Cluley said that the virus is little more than a curiosity….”

Full Story on Computer User

Newsbytes: Crackers Used Shopping Software Holes To Steal Credit Cards 10-Apr-01 18:40:36 ET

Story Highlights:“Malicious hackers used a bug in PDG Shopping Cart — a popular e-commerce software tool — to break in to a number of merchant Web sites and steal credit card numbers…”

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“Atlanta-based PDG Software said PDG Shopping Cart, its e-commerce transaction software used by many small to mid-sized merchant sites, had been compromised…”

Full Story on Newsbytes

The Register: Computer Dealer Fined for Sending Virus to Rival 11-Apr-01 08:02:01 ET

Story Highlights:“A Devon computer dealer escaped jail after being found guilty of sending a virus to a local rival…”

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“Paul Brogford, 27, the owner of Sure Computers in Bideford was sentenced on March 30 to 175 hours community service under the Computer Misuse Act and had his computer equipment confiscated…”

Full Story on The Register

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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