The FBI has slammed poor security in financial institutions, after identifying a drastic rise in money being stolen from small to medium-sized businesses via spearphishing emails, it said in an intelligence note early this week.

Cellular specialist Giesecke & Devrient (G&D) has unveiled a memory card for Android mobile phones that is claimed to make applications running on the host Android-compliant handset ultra-secure.

Cisco, EMC – the parent company to RSA Security – and VMware have formed the Virtual Computing Environment (VCE) coalition, a collaboration designed to boost the adoption of virtualisation in the cloud.

M86, the web and messaging security products vendor, has acquired business internet security specialist Finjan for an undisclosed sum of money. The move boosts M86’s payroll to a shade more than 300 staff.

IT security vendor Symantec has uncovered a trojan that uses the Facebook social networking portal to communicate with a command and control (C&C) server

The Chip & PIN system pioneered by French banks in the 1980s – and rolled out across the UK and Europe in recent years – is to be extended to payment cards in Australia, Visa’s operation there has announced.

Malware authors are targeting those who missed the initial sign up for Google Wave, according to Symantec.

Windows 7 owners are having problems installing their new operating system, especially over Vista, according to comments on Microsoft’s support site.

The US has officially opened a state-of-the-art unified command center for government cybersecurity in Arlington, Virginia.

The rapid rise in the number of swine flu cases – up by more than 50% in the UK in recent weeks and with similar infection rises in North America – has got some IT experts worried, with Gartner Group and the US Government Accountability Office (GAO) bo…