The seventh annual UK online fraud report from CyberSource shows that the majority of online retailers expect to see a steady increase in their revenues, but do not plan on increasing their security spend to help prevent fraud.

ANI newswire says that documents revealed in an Australian court have revealed how WikiLeaks’ founder Julian Assange created an application that allowed him to access around 11 000 computers belonging to Northern Telecom in Canada.

Reports are coming in that users of Maestro cards registered with Belgian banks and financial institutions are being locked down from making non-EU transactions owing to fraud issues.

Anti-virus specialist ESET is reporting that TeamViewer v5.0 is being hijacked to gain remote access to users computers without their permission.

Very few single cyber-related events have the capacity to cause global shock, according to a study on cyber security published by the Organisation for Economic Co-operation and Development.

SecureState said it discovered an exploit for a vulnerability in Novell’s SiteScape Enterprise Forum web application that could enable a hacker to access an organization’s internal networks.

The Federal Deposit Insurance Corporation (FDIC) is warning banks about phishing emails being sent out informing recipients that the FDIC’s deposit insurance for their accounts had been suspended because of Patriot Act violations.

Mobile and smartphone security is likely to be one of the hottest topics at Infosecurity Europe 2011 in London from 19 to 21 April, says Bloor Research.

Research just published shows that schools and homes are the top two places where laptops go missing most often.

Sophisticated scams developed by cyber-criminals to target smartphones and social networks means businesses must increase awareness of internet scams, according to security firm, Knowthenet.org.uk.