PayPal Outlines Strategy to Slow Phishing

Tuesday, April 15th, 2008

Over the last few years, security researchers have estimated that fake messages from PayPal and its parent company, eBay, make up more than half of all the spam sent over the Internet. So why, you may ask, isn't PayPal doing something about it? Last week at the RSA 2008 conference ...

CEOs targetted by sneaky phishing scam

Tuesday, April 15th, 2008

Panos Anastassiadis didn't click on the fake subpoena that popped into his inbox on Monday morning, but he runs a computer security company. Others were not so lucky. In fact, security researchers say that thousands have fallen victim to an email scam in which senior managers such as Anastassiadis are told ...

Hackers exploit poor website code

Monday, April 14th, 2008

Many of the loopholes left in the code created for websites have been known about for almost a decade say the security researchers. The poor practices are proving very attractive to hi-tech criminals looking for a ready source of victims. According to Symantec the number of sites vulnerable in this way almost ...

New Crimeware-as-a-Service Market Thriving

Sunday, April 13th, 2008

First it was do-it-yourself malware and phishing toolkits, then it was specialized sites selling stolen FTP credentials and credit card accounts, and now it’s the next phase in cybercrime: crimeware as a service. Researchers at Finjan, MarkMonitor, and Trend Micro are among those seeing a new cybercrime business model, where ...

Botnets Running Rampant

Sunday, April 13th, 2008

Cybercriminals have created a global business with a supply chain every bit as organized and sophisticated as that of any legitimate business. The difference is that cybercrime takes advantage of unsuspecting consumers and insecure businesses to steal untold amounts of money. According to security experts and spam fighters speaking at a ...