Daily CyberCrime and Security Report for February 27, 2002

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

CNN: House Panel OKs Boost in Cybercrime Penalties 27-Feb-02 08:40:11 ET

Story Highlights:“A House of Representatives panel voted Tuesday to boost penalties for computer crimes and enable Internet providers to more easily report suspicious behavior to law enforcement authorities…”

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“Under current law, punishments for cybercrimes are based on the economic damage they cause, which often results in little or no jail time…”

Full Story on CNN

The Register: How Security Vendors Act Like Used Car Dealers 26-Feb-02 13:45:06 ET

Story Highlights:“Many anxious users are being duped by unscrupulous or clueless suppliers into buying security products they don’t need…”

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“That’s the view of security consultancy MIS Corporate Defence, which reckons almost 30 per cent of current security spend in Europe is misplaced or wasted on ad-hoc purchases…”

Full Story on The Register Protecting Yourself Against Identity Theft 27-Feb-02 07:19:21 ET

Story Highlights:“Are you acting like yourself these days? The answer could be no…”

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“Someone might have stolen your identity — using your name, address and Social Security number to open accounts, withdraw money and purchase items. Identity theft is expensive, often unknown to victims and increasing rapidly…”

Full Story on

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