Swedish bank Nordea has told ZDNet UK that it has been stung for between seven and eight million Swedish krona (around AU$1,500,000) in what security company McAfee is describing as the "biggest ever" online bank heist.
Police in London, acting in conjunction with Finnish law enforcement authorities, arrested three suspected virus writers on Tuesday.
Reminiscent of the "good" Nachi worm unleashed in 2003, Microsoft researchers have touted the idea of "friendly worms" to issue software patches, which has been labelled "stupid" by security experts.
Companies that produce security software may soon be ignoring certain spyware, and potentially even infecting their customers through auto updates, under orders from US government agencies.
Governments from all around the globe are engaged in a virtual war where the weapons are hackers and trojans and the prizes for winning a battle include corporate secrets and disruption of the enemies IT infrastructure.
Security software vendors may soon side with US government authorities and intentionally fail to report "certain spyware" to customers if ordered by a court to remain quiet, according to a survey of leading firms.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
The dawning era of "end to end" security architectures is squeezing customers between the proprietary efforts of two dominant vendors.
Configuring firewalls can be a nightmare. Can plug-and-play appliances really be the answer, or are they plug-and-pray? ZDNet Australia examines the firewall options available for Australian businesses.
RMIT IT Test Labs take a look at the top enterprise applications for stopping viruses from ravaging your organisation.
A wide variety of products this week, many aimed at smaller businesses.
Visa CIO touts new transaction technologies
Michael Dreyer, CIO of Visa, expresses what innovation means to him in different areas, such as their PayWave … Watch it now
Australian Govt funds IT start-ups
Google should come clean on datacentres
US shows what OPEL could have been
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