Banks and security experts cannot agree wether it is safe for banks to continue using e-mail for communicating with their customers because the medium has been hijacked by criminals who try and fool online banking users into divulging their log in details.
A recent malware attack in which a Trojan encrypts a user's files until the victim pays a US$200 'ransom', could help criminal groups recruit people into money laundering and other 'dirty work', according to security experts.
Sophos updated its antivirus engine on Wednesday to plug a security hole that allowed virus writers to manipulate compressed files and avoid detection by the antivirus software's scans.
Educating staff about IT security risks and measures they should take to avoid compromising system integrity is a critical enterprise activity, according to a senior federal government security official.
The Australian Police have been given the power to install spyware and Trojans on suspected criminals' computers under the new Surveillance Devices Act.
It is a hard one to protect against, as attackers prey on the kindness of strangers, but there are some tips to prevent your company being a victim to social engineering ploys. Also: Hackers: Under the hood
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