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U.S. urges banks to step up online fraud protections

Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert against security breaches that have plagued government and corporate institutions in recent weeks.

Internet fraud precautions: Stay alert or get looted

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Hackers are no more the adolescent geeks attacking cyber space for fun. A good share of daily news fodder is provided by LulzSec and Anonymous, hacker groups hacking for 'lulz' or to drive home a point. But what about the victims? More often than not, the internet criminals escape the law, simply because government resources often prove incompetent to strike down technological advanced internet scammers.
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Google-backed Xunlei postpones up to $200 mln Nasdaq IPO: IFR

Xunlei Ltd, a Chinese Internet platform company in which Google Inc has a small stake, decided to postpone its initial public offering of up to $200 million in the United States because of unfavorable market conditions, IFR reported on Friday, quoting a source with knowledge of the decision.
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New cyber war: Did Chinese state authorize hacker attack on US and allies?

Chinese hackers broke into the personal Gmail accounts of senior officials and military personnel of the U.S. government and it allies and stole sensitive data, setting the stage for an era of heightened cyber tension between the world's top military powers. The latest hack attack, which might bring Google and the Chinese administration into a fresh fist fight, was precisely planned and executed, raising doubts if the Chinese state had authorized it.

Apple takes on Mac Defender Scam

After days of silence Apple is now addressing the high-profile virus that is threatening to ruin the pristine virus free world of the Mac OS.

Mac Guard catches Apple offguard, malwares spread panic

Even as Apple is yet to release a system update that will protect Mac from the notorious malware, Mac Defender, hackers are growing in the Mac community and now an upgraded version of the malware, called Mac Guard, has arrived.

New Mac Defender Needs No Password

New Variants of the MAC Defender malware are appearing, less than a month after the first. The newest version needs no password to install.

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