Daily CyberCrime and Security Report for April 10, 2003

A daily survey of the latest cybercrime news from around the world.

CNN: FBI: Internet Fraud Complaints Tripled in 2002 10-Apr-03 15:33:30 ET

Story Highlights:“Fraud on the Internet rose sharply in 2002, with the FBI reporting more than 48,000 complaints referred to prosecutors — triple the number of the year before…”

* * *

“By far the most common complaint was auction fraud, followed by non-delivery of promised merchandise, credit card fraud and fake investments…”

Full Story on CNN

PCWorld: Dawn of the Superworm 10-Apr-03 08:47:15 ET

Story Highlights:“The attack came swiftly and without warning. At 12:30 a.m. eastern standard time, January 25, a single packet of data containing the Slammer worm began spreading across the Internet…”

* * *

“Within 10 minutes the worm reached 90 percent of the Net and infected more than 75,000 machines. At its peak 30 minutes later, it disrupted one out of five data packets. The result: service blackouts, canceled flights, and disabled ATMs. Next time around, we might not be so lucky…”

Full Story on PCWorld

TechWeb: Clarke: Government Moving Too Slowly on Cybersecurity 09-Apr-03 14:52:04 ET

Story Highlights:“President Bush’s former cybersecurity adviser came out swinging in testimony before Congress this week, saying that the Department of Homeland Security is moving too slowly to safeguard the nation’s information infrastructure…”

* * *

“Richard A. Clarke, who left the White House in February, told lawmakers that Homeland Security has been sluggish in staffing the National Cyber Security Center, and needs to recruit top-notch security experts to put the center in gear…”

Full Story on TechWeb

PCWorld: Samba Patch Issued for Buffer Overflow Vulnerability 08-Apr-03 20:11:12 ET

Story Highlights:“A software buffer overflow vulnerability in Samba open-source software could give an attacker remote access to a machine running that software…”

* * *

“The Samba Team, a group that manages the open-source software, released patches Monday and a new version of the software, Samba 2.2.8a, to address the vulnerability…”

Full Story on

The Register: Hoaxster Hacker Discovers Infinite-Wealth Algorithm 10-Apr-03 05:04:00 ET

Story Highlights:“Hacker stunt-double and convicted financial fraudster Kim Schmitz (aka Kimble) is up to his old tricks, this time with a package of techno trickery for making a killing in the stock market…”

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“To satisfy the dreams of instant fortune common to those who believe in fairy tales, he’s devised an ‘AI-based decision system’ for share trading which scientifically ‘selects the optimal combination of trading strategies for current market conditions…'”

Full Story on The Register

For more of the latest e-business and technology news from around the world, updated 24 hours a day, visit

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