Prolific Hacker Pleads Guilty To $86 Million Fraud

June 30th, 2009 by Security Management News

One of the most prolific hackers in the Internet age has pleaded guilty before a federal judge in Pittsburgh to the theft of 1.8 million credit card numbers in a fraud case that is estimated to have cost banks over $86 million.

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Social Networks Present New Opportunities for Cybercriminals

June 25th, 2009 by Security Management News

A recent survey has highlighted the threats that members of online social networks face in terms of financial loss, identify theft and malware infection as a result of their lack of understanding of good security practices.

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Security Information and Event Management Software Market Defies Recession

June 23rd, 2009 by Security Management News

The vital importance of security software to organizations of all sizes has been clearly demonstrated by the news that worldwide security software market revenue actually rose by 18.6% during 2008 to a total of $11.3 billion. Within these figures the fastest growing segments were security information and event management (SIEM), e-mail security boundary, and secure web gateway appliance with 50%, 37.7% and 29.9% increases respectively.

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Revealed – The Real Level of Non-Compliance With Security Policies

June 19th, 2009 by Security Management News

In a previous blog we reported on the main conclusions of a recent report that clearly indicated a lack of both awareness and enforcement of security policies and procedures within organizations. We now take a look in more detail at some of the specific findings in relation to employee attitudes to a range of common data security scenarios.

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Increasing Concerns Over Non-Compliance With Security Policies

June 17th, 2009 by Security Management News

New research has highlighted a general lack of awareness and enforcement of security policies and procedures in companies today. It recommends that creating policies to address potential security vulnerabilities, strengthening existing policies, and training insiders to comply with these policies should be a priority for all organizations looking to reduce their risk to the theft or loss of sensitive information.

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Gartner to outline security trends in upcoming Information Security Summit

June 16th, 2009 by GabrielleDechant

When it comes to information security, should companies be buying best-of-breed products from a number of vendors or stick with a single vendor for cost or other reasons? And what are the latest trends gaining momentum today in IT security?

Those questions and many more will be in the spotlight at the upcoming Information Security Summit in Washington, D.C. later this month where Gartner analysts share their views on what enterprises want and vendors can deliver in a world fraught with hackers on one side and regulatory pressures on the other.

Plain and simple, “what’s driving customers is data security, in terms of infrastructure protection and compliance,” says Adam Hils, the research analyst who will present Gartner’s security-market forecast at the conference.
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Major Trojan Horse Scam Unveiled

June 11th, 2009 by Security Management News

An indication of the level of profits that can be made from cybercrime has been revealed after a Hampton, USA man admitted that he had made almost $112,000 in his relatively minor role as a “mule” in an operation that used Trojan horse software to hack into online bank accounts.

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Call for Secure Payment Agents to Improve Online Information Security

June 9th, 2009 by Security Management News

The Identity Theft Resource Center (ITRC) has called for a new class of products, known as Secure Payment Agents, to be developed in order to allow online customers to control the use of all their sensitive personal information, whether shopping, paying bills online, or registering at websites. 

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LogLogic Named a “Leader” in Magic Quadrant for Security Information and Event Management

June 8th, 2009 by GabrielleDechant

LogLogic Receives Highest Possible Rating for “Log Management” in Critical Capabilities Report

SAN JOSE, Calif. .–(BUSINESS WIRE)–LogLogic®, the log management leader, today announced that it has been positioned in the “Leaders” quadrant of Gartner, Inc.’s “Magic Quadrant for Security Information and Event Management” report by Mark Nicolett and Kelly Kavanagh.

In addition, LogLogic received the following ratings in three categories — a 5.0 in Log Management, a 4.5 in Deployment and Support Simplicity, and a 4.0 in Compliance Reporting — in the May 2009 report “Critical Capabilities for Security Information and Event Management Technology.”

“LogLogic has long been a leader in log management, and now we are proud to also be a leader in security information and event management (SIEM),” said Dominique Levin, EVP of Marketing and Strategy at LogLogic. “We have recently expanded our product line to enable customers to do more with their logs, including SIEM, database activity monitoring, and automated compliance. LogLogic now offers the most comprehensive log-based security solution available, and we believe that our inclusion in Gartner’s Magic Quadrant is further confirmation that we are well-positioned in the industry.”

Read the whole article: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090608005049&newsLang=en

British Communist Party Website Infected By Malware

June 8th, 2009 by Security Management News

With the UK in the midst of both Local Government and European elections, it has emerged that the website of the Communist Party of Britain has been infected with malicious code.

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