Daily CyberCrime and Security Report for September 18, 2002


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


E-Commerce Times: Finding the Security Budget Sweet Spot 18-Sep-02 08:39:51 ET

Story Highlights:“Allocating precious budget dollars is always a challenge in a down economy, and with security threats seeming to loom at every turn, CIOs are struggling mightily to gauge risks and decide how to face them…”

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“While the temptation may be to throw money at perceived security problems, decision makers instead must perform a delicate balancing act…”

Full Story on E-Commerce Times


CNN: Cybersecurity Plan Avoids Call for New Rules 18-Sep-02 09:11:47 ET

Story Highlights:“A national report on securing computer networks that will be submitted to President Bush avoids calls for new federal mandates and encourages businesses to use security improvements to reassure worried consumers…”

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“The Bush administration’s senior adviser on cybersecurity, Richard Clarke, said the proposal’s emphasis on voluntary improvements was based on a recognition that, ‘government can’t do it all by itself…'”

Full Story on CNN


The Register: Fed Cybersecurity Initiative Boosts TCPA 17-Sep-02 12:25:39 ET

Story Highlights:“On Wednesday a group of federal bureaucrats, business representatives and industry lobbyists will be rolling out a draft of the White House’s new initiative to enlist the computing public in the task of defending cyberspace…”

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“Originally, the Feds had planned to roll out a final draft, but this has been delayed due to unresolved conflicts among the technology companies the scheme will be affecting…”

Full Story on The Register


MSNBC: Focusing on Online Security 17-Sep-02 14:51:27 ET

Story Highlights:“A mysterious credit card scam involving more than 100,000 bogus Internet transactions has delivered another alarming reminder about online commerce’s security weaknesses…”

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“Although no money was actually transferred in the scheme, more than 60,000 of the illicit transactions received authorization codes during a con job exposed late last week…”

Full Story on MSNBC


The Register: Sprint Cleared of Negligence in Vice Hacks 18-Sep-02 14:09:40 ET

Story Highlights:“The Nevada Public Utilities Commission pulled the plug Thursday on a Las Vegas adult entertainment operator’s claim that telephone calls meant for his stable of private dancers are being blocked by hackers with access to local phone company Sprint of Nevada’s systems…”

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“Plaintiff Eddie Munoz first complained to the PUC in 1994 that the phone company was allowing mercenary hackers to cripple his business by diverting, monitoring and blocking his phone calls…”

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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