Daily CyberCrime and Security Report for January 23, 2003

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

E-Commerce Times: The Art of Budgeting for IT Security Breaches 23-Jan-03 07:14:05 ET

Story Highlights:“Total security for a corporate network may be a goal of many IT executives, but no matter how much a company invests in security systems, breaches — originating either outside or inside a network — are a fact of life in the information age…”

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“By budgeting for the extra resources needed to respond to an incident, CIOs can minimize damage, enabling their IT staff to quickly repair and restore systems to full operation. Can they accomplish this in today’s tight spending climate?…”

Full Story on E-Commerce Times

InfoWorld: Microsoft Issues First Security Bulletins of 2003 23-Jan-03 05:21:15 ET

Story Highlights:“A security bug in a network service that ships as part of Windows NT 4.0, Windows 2000 and Windows XP can open systems up to attack, Microsoft warned in its first security bulletin of the year, issued on Wednesday and rated ‘critical’…”

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“The Redmond, Wash., software vendor also issued the second and third bulletins of 2003 at the same time…”

Full Story on InfoWorld

ABCNews: Antivirus Virus Doesn’t Help 23-Jan-03 11:12:07 ET

Story Highlights:“A famed German hacker who goes by the handle Gigabyte has written a virus that attempts to remove another virus — the infamous Yaha worm…”

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“Gigabyte gained attention because she’s one of the few highly regarded female virus writers. Only a teenager, Gigabyte gained notoriety last year for writing the Sharpei virus, which can infect .NET files…”

Full Story on ABCNews

The Register: McAfee Highlights Mobile Network Threat Risk 23-Jan-03 14:41:49 ET

Story Highlights:“McAfee Security today released research designed to persuade mobile operators to invest more in security — or risk huge loses through malicious attacks by 2005…”

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“Mercer Management Consulting, commissioned by McAfee to look into the issue, reckons that from 2005, European operators stand to lose $10.5bn annually, unless they install protection…”

Full Story on The Register

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