Daily CyberCrime and Security Report for July 22, 2002

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

E-Commerce Times: Study: Web Security Spending To Surge 19-Jul-02 11:01:11 ET

Story Highlights:“Spending on Web security efforts is expected to triple in the next four years, according to a new report…”

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“The report predicted that security spending will increase 60.5 percent annually to nearly US$700 million by 2006, compared with $65 million in 2001…”

Full Story on E-Commerce Times

CNN: Hacking in the Name of Security 20-Jul-02 09:01:30 ET

Story Highlights:“The fraternity of security violators surfaced at a rare meeting of the U.S. computer underground in New York recently that drew 2,000 Internet enthusiasts and security professionals…”

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“Yes, I’m a criminal, my crime is that of curiosity,” said “Mentor,” a hacking pioneer whose real name is Lloyd Blankenship…”

Full Story on CNN

BBC: Yahoo Admits Mangling E-Mail 19-Jul-02 07:01:51 ET

Story Highlights:“Yahoo has admitted that it has been changing some of the words inside attachments accompanying messages sent to users of its web-based e-mail system…”

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“The company said it had taken the action to prevent the spread of viruses. However, critics have said that the filtering system is too crude and is having unforeseen effects…”

Full Story on BBC

Internet.com: Will Symantec Keep SecurityFocus’ Disclosure Policy? 19-Jul-02 08:46:26 ET

Story Highlights:“The surprise announcement Wednesday afternoon that Cupertino, Calif.-based security firm Symantec would acquire enterprise security threat management system provider SecurityFocus has sent ripples through the security community, with a number of users questioning whether SecurityFocus’ highly popular Bugtraq mailing list will lose its editorial independence…”

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“The Bugtraq mailing list, considered by most to be the world’s most popular security community, serves as a forum for security experts to exchange up-to-the-minute information on viruses, security flaws and exploits…”

Full Story on Internet.com

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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