Daily Cybercrime and Security Report for May 25, 2001

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

E-Commerce Times: U.S.: E-Commerce Is Fertile Ground for Fraud 25-May-01 06:24:30 ET

Story Highlights:“Adding to the recent flurry of Internet fraud news, the U.S. Federal Trade Commission (FTC) told Congress on Wednesday it received over 25,000 Internet fraud complaints in 2000…”

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“The FTC testimony came on the same day the U.S. Federal Bureau of Investigation (FBI) announced that criminal charges had been filed against approximately 90 companies and individuals over Internet fraud cases…”

Full Story on E-Commerce Times

TechWeb: DoS Attack Storms Weather Channel’s Routers 24-May-01 19:22:24 ET

Story Highlights:“A denial-of-service attack Wednesday disrupted the operations of, the official site of the Weather Channel…”

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“The attack, which caused the first outage in the site’s six-year history, started at 11:00 am (EST), limiting access to the site and slowing performance for nearly seven hours…”

Full Story on TechWeb

Newsbytes: Cybercrime Fighting Requires Cooperation 24-May-01 16:55:39 ET

Story Highlights:“Local, state and federal authorities must find a way to overcome jurisdictional stovepipes if they want to have any hope of keeping up with the increasing incidence of cybercrime…”

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“At the first of three hearings on cybercrime, Texas Deputy Attorney General Michael T. McCaul told lawmakers that law enforcement agencies that are used to operating within keenly defined jurisdictional boundaries often find themselves at a loss when faced with Internet crime…”

Full Story on Newsbytes

Newsbytes: Cyberattacks Prompt Computer Disaster Drills 24-May-01 17:24:47 ET

Story Highlights:“The network is down, computer screens are blank and important client data are lost in cyberspace. But relax – this is only a test…”

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“Computer disaster drills are growing in popularity as hacker and virus attacks mount, the threat of power outages in California continue and companies store more data on computer networks that are accessed by more people…”

Full Story on Newsbytes

The Register: Russian Script Wrinkly on Hacking Charges 25-May-01 07:00:15 ET

Story Highlights:“A Russian pensioner has been arrested after allegedly masterminding a scam geared to lifting the credit card number of Western tourists visiting Moscow cyber cafes…”

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“According to a report by the Moscow Times, the unnamed 63 year-old was a programmer who turned to Internet crime after becoming disaffected about his meagre state pension and royalties from the software he developed…”

Full Story on The Register

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