Daily Cybercrime and Security Report for October 16, 2001

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

Computer User: Allegedly Hacked Bank Denies bin Laden Connection 16-Oct-01 03:08:00 ET

Story Highlights:“A Sudanese bank that allegedly was hacked by anti-terrorist vigilantes denied that Osama bin Laden was ever a founder or shareholder of the bank and said accounts connected to the terrorist leader were closed several years ago…”

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“According to a statement entitled ‘Who Owns Al Shamal Islamic Bank’ and posted on the bank’s Web site, bin Laden was not among a small group that invested $20-million in 1983 to establish the bank, which opened in 1990…”

Full Story on Computer User

Wired: SirCam: Will It or Won’t It? 15-Oct-01 15:21:24 ET

Story Highlights:“Antiviral companies disagree over whether the SirCam virus will or won’t detonate on Tuesday…”

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“Analysis of the worm’s code indicated that on Oct. 16, the worm is coded to generate a number that has a 1-in-20 chance of matching a number contained in its code. If it matches, some experts said, an infected drive will be freed of all its files…”

Full Story on Wired

Computer User: SirCam Oct. 16 Surprise: A Game of “Trashin’ Roulette” 16-Oct-01 03:07:52 ET

Story Highlights:“The SirCam worm celebrates a birthday of sorts today. The persistent e-mail hijacker turns three months old and, to celebrate, it has a surprise for some computer users. However, this surprise will be no party…”

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“Anti-virus software companies say that SirCam, best known for its unauthorized e-mailing of randomly selected documents from the hard drives of infected PCs, also packs instructions that can cause…”

Full Story on Computer User

Computer User: Microsoft to Prioritize Security Bugs 16-Oct-01 03:07:56 ET

Story Highlights:“In an effort to help customers better respond to security threats, Microsoft said it will begin adding severity ratings to its security bulletins…”

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“Under the new severity rating system, vulnerabilities in Microsoft’s products will henceforth be classified as either ‘critical,’ ‘moderate,’ or ‘low’…”

Full Story on Computer User

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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