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.

CBS News: Busboy Busted For Cyberfraud 20-Mar-01 09:24:13 ET

Story Highlights:“A Brooklyn busboy has pulled off the largest identify theft in Internet history…”

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“Using computers in the local library, sophisticated cell phones, voice mail and couriers, the police say 32-year-old Abraham Abdallah victimized more than 200 ultra rich people…”

Full Story on CBS News

Newsbytes: Anti-Virus Firms Warn Over Political Worm 20-Mar-01 07:21:39 ET

Story Highlights:“Several anti-virus firms have issued overnight warnings and advisories about what appears to be the industry’s first politically motivated worm…”

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“Known as VBS_Staple.A – aka VBS_Injustice.A – the worm propagates itself to the first 50 recipients in an infected users’ MS-Outlook address book, but the good news is that it does not have a dangerous payload…”

Full Story on Newsbytes

ZDNET: New Virus Packs a Political Punch 20-Mar-01 07:56:27 ET

Story Highlights:“A handful of companies have been hit by a computer virus named Injustice that causes a victim’s computer to send pro-Palestinian messages to 25 Israeli organizations and government agencies…”

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“The worm is largely benign and does not damage data on the infected PC, but the flurry of e-mails it sends to other computers could swamp a business’ network…”

Full Story on ZDNET

CNN: Magistr Worm Emerges, Scarce but Deadly 20-Mar-01 03:24:29 ET

Story Highlights:“Another worm is on the loose, and while only a handful of PCs have been struck since its discovery on Tuesday, its victims are in a world of hurt…”

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“Magistr differs from similar recent headline-grabbers Anna Kournikova and NakedWife — this one is really mean…”

Full Story on CNN

ZDNET: Products Block Hacker Attacks When ISPs Use Them 20-Mar-01 06:03:49 ET

Story Highlights:“Denial-of-service attacks, typically launched by malicious hackers from commandeered servers, can be stopped with security products that can detect and block outgoing attacks…”

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“But Internet service providers and hosted services need to invest in such products before distributed denial-of-service attacks will cease to be a feature of the Internet…”

Full Story on ZDNET

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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