Daily Cybercrime and Security Report

If you do business on the Internet, you cannot afford to be uninformed about the dangers and pitfalls that cybercrime poses. The following is a daily survey of the latest cybercrime news from around the world.

MSNBC: International Hucksters Target U.S. 26-Feb-01 14:37:59 ET

Story Highlights:“The crooks are setting up stateside addresses to receive the stolen property and then forwarding the goods overseas, primarily to Asia, Europe, Latin America and Russia…”

* * *

“Online credit-card fraud is estimated to cost as much as $24 million per day in bogus charges, totaling nearly $9 billion this year, according to Meridien Research…”

Full Story on MSNBC

ZDNET: Size Matters: Gnutella Worm Leaves a Trail 27-Feb-01 07:55:14 ET

Story Highlights:“The computer worm was likely created to prove that viruses can spread among computers connected to peer-to-peer networks…”

* * *

“The worm acts as a superficial chameleon, taking the name of whichever file a person requests…”

Full Story on ZDNET

BBC: Microsoft Blames Techie for Web Crash 26-Feb-01 19:55:08 ET

Story Highlights:“Computer experts at the world’s most prominent software firm have discovered that a technician was responsible for the failure of the company’s websites…”

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“In a company press release, Microsoft said that a technician’s error ‘limited communication’ between Internet servers and the company’s own servers…”

Full Story on BBC

ComputerWeekly: Government E-Security Measures Inadequate 26-Feb-01 19:09:36 ET

Story Highlights:“The government’s attempt to fight hackers through the latest anti-terrorism legislation is flawed, according to legal and network security experts…”

* * *

“Critics claim that the legislation covers attacks on utilities and hospitals, but has no provision for the prosecution of a cyber terrorist who attacks a bank or business…”

Full Story on ComputerWeekly

Ananova: Australia Prepares for Punishing Assault on Cybercrime 27-Feb-01 10:13:11 ET

Story Highlights:“Australian legislators are considering a proposal to crack down heavily on cyber criminals…”

* * *

“A report by a committee of top legal officials proposes jail terms of up to 25 years for the worst offenders…”

Full Story on Ananova

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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