The Commerce Department's computer networks, which contain some of America's most valuable business secrets, have security holes easily accessible to Internet criminals, federal investigators say. Senior department officials are scheduled to face lawmakers about the problems Friday.
Gartner previously forecasted that there would be a wave of consolidation washing over the extranet access management (EAM) market as smaller vendors struggle to survive during the economic slowdown. The recent acquisition of Securant by RSA is the case in point.
Adam Lawson, an analyst with www.Butlergroup.com says "The dangers of Code Red, which is costing businesses an estimated $1.2 billion so far, have been considerably overstated. The most intense waste of server capacity and resources seems to have been consumed in the passing of messages warning about a crisis that may never occur. The problem with this kind of media excitement is that when a more serious threat arises, complacency may creep in and the real menace may not be taken seriously...
A Singapore security company has formed an alliance with Australian and US firms to help businesses fight cybercrime in the Asia-Pacific region, a spokesman said. Although no price was disclosed, CISCO projected a revenue stream of S$60mil by the third year of operation.
"Sh-tbox 2K" was trying - without much success - to get inside Wolfgang Mueller-Leydig's home computer. It was 8.47am on July 21, about an hour and a half since Leydig had logged the last hacking attempt on his PC. Although it made him angry, it wasn't a surprise.