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The average security investment will peak at eight to 12 percent of information technology budgets in the United States by 2006, and in Europe and the Asia Pacific region by 2007, according to META Group, Inc. The market research and advisory firm expects these budgets to stabilize at five to eight percent in the United States by 2008 and in Europe and the Asia Pacific region by 2009. "Information security remains a top-five issue for CIOs, and the debate regarding appropriate investment levels continues to rage," said Tom Scholtz, vice president with META Group's Security & Risk Strategies advisory service. "Although capturing and benchmarking information security spending is complicated, security teams must model overall investment to track parity with industry peers and account for the cost of satisfying business requirements for managing information risk." META ... (more)

Microsoft Tackling Internet Phishing Scams

Microsoft has filed the largest number of lawsuits by a corporation against Internet phishing scammers. The software giant filed a record breaking 117 lawsuits against Web site operators who knowingly engage in or facilitate phishing scams to be carried out. Such scams involve getting users to reveal sensitive information, usually related to personal finances. For example, an e-mail that appears in virtually every way to be a legitimate message from an Internet site which has, for instance, a person's credit card information on file, may in fact be fraudulent. A popular phishing sc... (more)

Google Puts New Anti-Phishing Measures Into Gmail

Google's new Gmail service has been outfitted with a number of security features designed to thwart phishing con artists. Its new anti-phishing security measures are designed to alert users of suspected e-mail scams. The anti-phishing security feature disables hypertext links inside e-mails. Phishing scams typically involve redirecting users onto fraudulent sites once they have been lured by a cleverly disguised e-mail from a familiar company or service provider. Gmail has also provided a prominent "Report Spam" button to its users. Any messages reported as spam get sent to a sep... (more)

Trojan Horse Targets Microsoft Users

"Mike" is a seasoned reporter who has covered IT for more than two decades. He's used to getting hundreds of spam messages a day, and more recently, a continuous streams of directives imploring him to "fix" some problems with his accounts at Citibank, Washington Mutual, PayPal, and eBay. (He actually has an account at only one of those.) Now comes word of an effort to direct users to a fake website that looks like Microsoft's Windows Update page, according to Sophos, an "anti-virus, anti-spam" firm in Vancouver, Canada. The company described fake headlines such as "New Bagle Var... (more)

i-Technology & Katrina: McAfee Teams with American Red Cross

"During a natural disaster of this scale, it is critical for corporations, individuals and governments to join forces to help those affected to overcome the disaster," said George Samenuk (pictured), chairman and CEO of McAfee, Inc, as McAfee announced its immediate support for the relief efforts of Hurricane Katrina with an initial company donation of $50,000 and also announced its intention to match funds through a global employee contribution matching program. The McAfee Grant will be used to help support the immediate humanitarian relief efforts and will support the American... (more)