Daily CyberCrime and Security Report for January 11, 2002

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

E-Commerce Times: California Internet Investment-Scam Suspect Unruffled by SEC 11-Jan-02 06:18:07 ET

Story Highlights:“A California teenager accused of running an Internet scheme that raked in more than US$1 million from unwitting investors brazenly kept working the scam…”

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“The extravagance of his claims made in Internet chat rooms did not stop at least 1,000 investors from sending him $1 million over six weeks…”

Full Story on E-Commerce Times

ABCNews: High-Tech Thievery 10-Jan-02 12:48:10 ET

Story Highlights:“At the corner market, the skim is in the refrigerated milk and perhaps in the store’s cash-dispensing ATM…”

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“The cybercrooks’ technique is so clandestine that consumers often don’t know that they’ve become victims until they check their monthly bank statements or when checks start to inexplicably ‘bounce’ due to lack of available funds…”

Full Story on ABCNews

The Register: Hacking Activity Plummets 10-Jan-02 14:37:50 ET

Story Highlights:“Security breaches and hacking attacks have diminished in numbers since the September 11 terrorist attacks…”

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“Monthly reports by the Federal Computer Incident Response Center (FedCIRC), a central security coordination and analysis facility run by the US government, show just 15 incidents of intruder activity reported to it last month – less than a third of that recorded in December 2000…”

Full Story on The Register

The Register: Is Your Son a Computer Hacker? 11-Jan-02 11:06:02 ET

Story Highlights:“In December, a site called Adequacy.org posted the piece by author T.Reginald Gibbons ‘How to Tell if Your Son is a Computer Hacker…'”

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“Mr. Gibbons, model parent and patriarch of ‘the finest family in the USA’ had his cozy world torn apart, as before his eyes his son Peter turned into a shifty computer geek…”

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 TechNewsWorld.com.

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