usb_bug_final_eAfter giving out free USB drives at the AusCERT conference, IBM had to send out an e-mail saying that the drives were infected with malware. Considering that the virus originated on flash drives given out at a security conference from a company that prides themselves on security, this just might be one of the most embarrassing things that could have happened to IBM.

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facebook_hacked_by_koobface_mk2_virus_xlarge With the exponential growth of Facebook and Twitter comes the seemingly unstoppable growth of malware spyware and computer hacking. As the use of one rises, so does the other. As a result, social networking sites are coming under constant harassment from malicious programs designed to steal passwords and other personal information.

Yuval Ben-Itzhak, technology chief at a small security software vendor Finjan, has stated that “Cyber criminals continue to follow the money. With the combination of using sophisticated Trojans for the theft and money mules to transfer stolen money to their accounts, they minimize their chances of being detected.”

Symantec Corp has also stated that the use of spam email messages has also increased greatly in the third quarter. According to company reports, the amount of spam emails being sent out has risen to 88.1 percent from last year’s 81 percent. Furthermore, reports show that botnets are now responsible for sending 87.9 percent of all spam.

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