NEWS & ANALYSIS

Alleged Theft at Citibank Underscores Worries Over Online Bank Robberies

The Wall Street Journal stands by its report yesterday that the FBI is investigating a cybertheft last summer or earlier where hackers stole tens of millions of dollars electronically from Citibank.

Cybercriminals Keep Malware Alive Longer

Cybercriminals have found a new, more cost-effective way to get the most bang for their buck when spreading malware, according to Symantec’s MessageLabs.

Hackers Turn Attention to Web 2.0

Hackers are increasingly focusing their malicious activity on social networking sites like Twitter, according to a new study of Web application security incidents.

Largest U.S. Identity Theft Scheme Busted

Three individuals were indicted in what is believed to be the largest hacking and identity theft case ever prosecuted in the United States.

TJX Settles Data Breach for $9.7 Million

TJX Companies Inc.—parent company of TJ Maxx, Marshalls, and Home Goods—will pay out $9.7 million to 41 states after hackers stole customers' payment card information in one of the biggest data breaches ever reported.

New Information-Sharing Task Force Nets Arrest of 2 U.K. Cybergangs

An agreement by banks and credit card companies to share cybercrime intelligence has resulted in the discovery and arrest of two London-based cybercrime gangs, reports the online technology publication The Register.

Security Researcher Warns of Cybercriminals Using Events in Iran to Spread Malware

John Bambenek, of the Sans Internet Storm Center, warns people to be wary of clicking on links within tweets regarding events in Iran.

YouTube Account Holders Target of Phishing Scam

Cybercriminals may be targeting YouTube account holders through spoofed e-mails aimed at tricking them to respond with their personal information, according to a TechCrunch.com post carried by The Washington Post.

Obama on Right Track on Cybersecurity, Former Official Says

President Obama's speech and report on cybersecurity last week was met with praise from a former government information security official.

Hype About Conficker and Other Big Viruses Undermining IT Security, Says FBI

Increasing media coverage of large-scale IT security threats such as the recent Conficker worm could be undermining IT security, according to an FBI official, speaking at the recent RSA Conference in San Francisco.