South Korea’s Financial Supervisory Service (FSS) has launched a probe into a data breach at Hyundai Capital that affected 420,000 of its customers.

CIOs will need to rethink their IT governance policies as employees turn to social media tools to collaborate at work, according to research from analyst group Gartner.

Trend Micro claims to have identified a new type of cloud service that allows a variety of crimeware exploits – botnets, Javascript vulns and PDF exploits to mention but a few – to be rented from the cloud for around $30.00 a day.

Botnets – swarms of infected PCs controlled by a command-and-control server(s) – are becoming big business for cybercriminals and now security researcher Brian Krebs has detailed how crimeware professionals are now renting out sub-swarms for cash.

Around 60 million computers in Vietnam were infected with malware last year, about 6.5 million of those infections were from the Conficker virus, according to the Vietnam Informatics Department.

MidState Medical Center in Meriden, Conn., said that it lost a hard drive containing personal information on patients at the hospital. Reports indicate that the number of patients affected is around 93,500.

At the start of 2011, investment in social networking site Facebook valued it at $50bn – more than eBay and Time Warner. Computer Weekly talks to Facebook’s Tim Campos

The Federation Against Software Theft (FAST) has announced it is stepping up its campaign for stronger intellectual property rights (IPRs) in the UK.

AVG Technologies, the company behind the popular AVG range of IT security software, has unveiled a secure cloud storage service called LiveKive. Available in three variants, one of which is free and offers up to 5 gigabytes (GB) of online storage, the …

Independent security expert group Jericho Forum has published a buyers’ guide for information security products and services.