Network Security Roundup for July 24, 2003

Stay on top of the fast-moving world of network security with ECT News Network’s daily roundup of breaking news.

TechNewsWorld: Cracking Technique Highlights Password Concerns24-Jul-03 06:51 ET

Story Highlights:“An improvement to a password-cracking technique published online this week has raised concerns that Microsoft Windows passwords and the computer and network access they protect might be at risk. The improved technique, outlined by Swiss researcher Philippe Oechslin, involves a password-cracking method that uses precalculated data.”

Full Story on TechNewsWorld

MSNBC: Another Critical Windows Flaw Found23-Jul-03 18:32 ET

Story Highlights:“Microsoft issued another passel of warnings about security holes Wednesday, including a ‘critical’ flaw affecting most Windows PCs. The most serious of the flaws involves DirectX, a library of graphics and multimedia programming instructions used by most PC games, and could allow malicious users to run code of their choice on a vulnerable PC.”

Full Story on MSNBC

Washington Post: Fighting Internet Fraud23-Jul-03 11:00 ET

Story Highlights:“Continuing its crusade against Internet fraud, the Federal Trade Commission has turned its attention to the relatively new practice of ‘phishing,’ wherein Internet con artists steal consumers’ personal data using forged e-mail and Web sites. J. Howard Beales, the director of the FTC’s Bureau of Consumer Protection, was online to discuss phishing, the evolution of Internet fraud, and the steps the commission is taking to protect Internet users from scams.”

Full Story on Washington Post

PCWorld: Homeland Security Begins with Your PC23-Jul-03 14:57 ET

Story Highlights:“The keys to making America’s networks more secure already exist. The problem is, they’re languishing in research facilities instead of becoming useful products. The first priority should be bridging the gaps among the research community, industry, and consumers, says Dr. S. Shankar Sastry, a professor of bioengineering at the University of California at Berkeley.”

Full Story on PCWorld Committee Calls for Better E-Banking Security Management23-Jul-03 16:14 ET

Story Highlights:“An influential international banking committee issued a report Tuesday calling for better security and management of electronic banking (e-banking) by the world’s financial institutions. The report, ‘Risk Management Principles for Electronic Banking,’ was released by the Basel Committee on Banking Supervision and published on the Web.”

Full Story on

For more of the latest e-business and technology news from around the world, updated 24 hours a day, visit

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