Cybercriminals are selling fake and stolen accounts on social networking site Facebook in bulk in the underground economy, according to security researchers.
Pump and dump scammers convicted
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.
LoveBug – the worm that changed the IT security landscape – is ten years old today
Today is the tenth anniversary of the LoveBug worm, which was arguably the first malware infection that used social engineering techniques to propagate itself.
Web hosting firm creates website alert service
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.
Alleged Mariposa botnet conspirators seek employment with Panda Security
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.
Sophos to sell majority stake to Apax Partners
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.
Congressional Library won’t store deleted Tweets
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 HR shake-up could see 299 000 permanent staff jobs axed
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.
Green IT is more myth than reality says research
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.
Terry Childs convicted in San Fran network case
Things are not looking good for Terry Childs, the former San Francisco network administrator who compromised the city’s network and essentially held it to ransom. Childs was convicted of computer tampering this week, and now faces up to five years in j…