Daily Cybercrime and Security Report for August 16, 2001

A daily survey of the latest cybercrime news from around the world.

BBC: Student Spotted ‘Trojan Horse’ Hacker 16-Aug-01 22:40:55 ET

Story Highlights:“A computer student potentially saved businesses millions after he spotted a hacking program infecting their systems…”

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“The ‘Trojan horse’ had already affected at least 400 companies across the world when Matthew Hillman detected it on his home PC…”

Full Story on BBC

Fairfax I.T.: Electronic Security Was a “Secondary Issue,” Says Microsoft Expert 16-Aug-01 01:08:24 ET

Story Highlights:“Microsoft’s global chief security officer, Howard Schmidt, said the industry wasn’t expecting people to develop ‘bad things’ such as viruses and the global economy had paid the price…”

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“To combat the growing number of malicious computer programs exploiting vulnerabilities in Microsoft products, such as the recent Code Red worm, Schmidt launched two free Microsoft security tools at the Microsoft Tech-Ed 2001 conference in Melbourne…”

Full Story on Fairfax I.T.

Wired: SirCam: The Worm That Won’t Die 16-Aug-01 06:37:57 ET

Story Highlights:“Unlike most of its headline-grabbing predecessors, the SirCam virus was not a transient threat…”

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“Almost a month after it was first spotted, the virus is still pouring into e-mail inboxes…”

Full Story on Wired

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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