Daily CyberCrime and Security Report for July 19, 2002

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

E-Commerce Times: Gates: Microsoft Spent $100M on Security 19-Jul-02 07:18:56 ET

Story Highlights:“After suffering a series of security flaws that have shaken customer confidence, Microsoft chairman Bill Gates has taken to e-mail to reassure customers that Microsoft has heavily invested in its ‘Trustworthy Computing’ initiative and is on track to ensure the security of its products…”

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“Writing to about 1 million users who receive one of Microsoft’s customer newsletters, Gates noted that ‘the development work of more than 8,500 Microsoft engineers was put on hold’ while the company analyzed what amounted to ‘millions of lines of Windows source code…'”

Full Story on E-Commerce Times

ABCNews: Hacker Attacks on Windows PCs Down, But Up on Other Platforms 19-Jul-02 10:07:18 ET

Story Highlights:“While attacks on Windows machines are experiencing a sharp decline, hackers are turning their attention to Web servers based on the Linux operating system, according to a new report from British security firm mi2g…”

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“According to the report, the first six months of 2002 have seen 7,630 overt digital attacks (excluding viruses and worms) on Linux systems. That’s a more than 30 percent increase over the 5,736 attacks logged against such systems for the whole of 2001…”

Full Story on ABCNews

BBC: The Year of the Web Worm 19-Jul-02 11:07:49 ET

Story Highlights:“This time last year the computer virus called Code Red was supposed to bring the internet to a screeching halt…”

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“With the benefit of hindsight we now know that the net was never in danger of being crippled by the virus, but at the time the danger seemed very real…”

Full Story on BBC

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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