Businesses are pumping information security investment into all the wrong areas, research has revealed.

Cybercriminals are selling fake and stolen accounts on social networking site Facebook in bulk in the underground economy, according to security researchers.

Two pump and dump scammers were convicted by a federal jury this week. G. David Gordon and Richard Clark, both of Tulsa, Oklahoma, will be sentenced for stock trading offenses committed between 2004 and 2006.

Today is the tenth anniversary of the LoveBug worm, which was arguably the first malware infection that used social engineering techniques to propagate itself.

In a bid to help prevent websites being hacked without the owner’s knowledge, a Singapore-based hosting service provider has created a service which will alert site owners to any major activity on their sites/pages.

In an ironic turn of events, Luis Corrons, technical director with Panda Security, has revealed that two of the three techies allegedly behind the Mariposa botnet have requested jobs with Panda Security.

UK IT security and data protection firm Sophos has agreed to sell a majority interest in the company to global private equity group Apax Partners.

The US government has released further information about its plans to store every Twitter post ever produced, for perpetuity, in the Library of Congress.

IBM is considering cutting three-quarters of its 399,000 permanent staff in the next seven years and re-hiring them for projects as part of an HR strategy due to end in 2017.

Research just released suggests that the public sector’s move to green IT – which forms a central plank of many organisation’s IT security strategies when moving to cloud computing – is more of a myth than reality.