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 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'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)
"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)
"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
The McAfee Grant will be used to help support the immediate humanitarian
relief efforts and will support the American... (more)