Daily Cybercrime and Security Report for June 15, 2001

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

E-Commerce Times: Report: E-Shopper Fears of Online Fraud Are Distorted 14-Jun-01 15:04:44 ET

Story Highlights:“Although online credit card fraud is not a myth, its frequency has been greatly exaggerated, according to a survey released Wednesday by Jupiter Media Metrix…”

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“The report, ‘Overhyped and Misunderstood: The Fraud of Online Fraud,’ said that the attention focused on online security incidents has led consumers to believe that fraud is approximately 12 times more prevalent on the Internet than off…”

Full Story on E-Commerce Times

Newsbytes: High-Tech Lukewarm On More Cyber-Crime Laws 14-Jun-01 19:55:47 ET

Story Highlights:“Lawmakers contemplating the need for stronger cybercrime laws received mixed signals from high-tech leaders today, some of whom called for additional regulations while others urged stronger enforcement of laws already on the books…”

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“Ebay Vice President and Deputy General Counsel Robert Chesnut asked the House Judiciary Subcommittee on Crime panel for federal legislation to outlaw the practice of e-mail harvesting…”

Full Story on Newsbytes

ZDNET: Word Flaw Opens Door to Trojan Horse 14-Jun-01 16:54:10 ET

Story Highlights:“Dubbed ‘Goga,’ the malicious code poses as a Word document saved in rich text format but actually reaches through the Net to run a Word macro — a small program that runs within the application — saved on a Russian Web site…”

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“‘While this is not a danger to the general public, it could be a danger to somebody if there is a direct mailing to them,’ said Jimmy Kuo, a researcher at security software maker Network Associates…”

Full Story on ZDNET

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