Daily CyberCrime and Security Report for January 8, 2002

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

ABCNews: Schoolyard Scheme 07-Jan-02 13:08:48 ET

Story Highlights:“A California high schooler managed to bilk more than 1,000 online investors of more than $1 million and hid it in a casino account…”

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“‘This case … demonstrates that just about anyone even a 17-year-old high school student can mastermind a securities fraud over the Internet,’ said Stephen M. Cutler, director of the SEC’s Enforcement Division…”

Full Story on ABCNews

ZDNET: Linux World Dismisses New Trojan Risk 07-Jan-02 06:40:01 ET

Story Highlights:“A Remote Shell Trojan (RST) is making its way around the Linux community, but security experts say it should not pose a risk if users are vigilant with the programs they run…”

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“The Trojan is a more complex variant of an earlier RST that hit Linux systems last October…”

Full Story on ZDNET

Information Week: Insuring Against Cybercrime Gets Tougher 07-Jan-02 15:53:03 ET

Story Highlights:“The new year ushered in a host of changes for cybercrime insurance policies…”

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“Many insurers will exclude online assets from standard commercial insurance policies this year, shifting the coverage to costlier supplemental policies…”

Full Story on Information Week

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