Daily Cybercrime and Security Report for May 22, 2001

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

E-Commerce Times: Somebody’s Watching You: The Web’s Secret Police 22-May-01 08:34:21 ET

Story Highlights:“Because software piracy and online fraud can cost companies millions in profits and lost goodwill — and because government agencies do not have the resources to keep pace with cybercriminals — many high-tech companies have formed their own investigative units to catch Internet con artists…”

* * *

“For conventional law enforcement, business crimes are simply ‘lower on the totem pole’ than murder and personal injury…”

Full Story on E-Commerce Times

CNN: Staffing Shortages Hamper Anti-Cyberterrorism Unit 22-May-01 10:27:31 ET

Story Highlights:“Staff shortages and vacancies in key positions kept a government anti-computer-crime unit from alerting the public to dangerous computer viruses until the damage already was done…”

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“‘While some warnings were issued in time to avert damage, most of the warnings, especially those related to viruses, pertained to attacks under way,’ the General Accounting Office said…”

Full Story on CNN

ZDNET: Report: FBI Early-Virus Warning Stinks 22-May-01 05:05:05 ET

Story Highlights:“A Federal Bureau of Investigation unit created to protect businesses and government from hackers and terrorists usually fails to issue warnings in time about imminent electronic attacks…”

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“The report, expected to be released Tuesday by the General Accounting Office, the investigative arm of Congress, says that while some of the center’s more than 80 warnings about computer attacks since 1998 were issued in time to avert damage, most, especially those related to viruses, came when the attacks were already under way…”

Full Story on ZDNET

ZDNET: KGB Vet Helps Put New Light on Web Security 22-May-01 05:33:22 ET

Story Highlights:“The one-time head of KGB overseas code-scrambling and an ex-director of the CIA rolled out Monday what they called a revolutionary way of hiding Internet communications from prying eyes and would-be intruders…”

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“The new system can change the cyber-addresses on a network faster than once a second, cloaking them from all but authorized parties…”

Full Story on ZDNET

BBC: Cheese Beats Crackers 22-May-01 09:04:51 ET

Story Highlights:“A helpful virus is making its way around the web, checking computers for vulnerabilities and closing them…”

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“The ‘cheese worm’ targets computers running Linux that have been attacked by a similar, but malign, program earlier this year…”

Full Story on BBC

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