Microsoft Warns of New Flaw in Internet Explorer

Microsoft warned that a flaw in its Internet Explorer browser gives attackers access to files stored on a PC under certain conditions. "Our investigation so far has shown that if a user is using a version of Internet Explorer that is not running in Protected Mode an attacker may be able to access files with an already known filename and location," Microsoft said in a security advisory.

Researcher Warns of iPhone App Security Risk

Lax security screening at Apple's App Store and a design flaw are putting iPhone users at risk of downloading malicious applications that could steal data and spy on them, a Swiss researcher warns. Apple's iPhone app review process is inadequate to stop malicious apps from getting distributed to millions of users, according to Nicolas Seriot, a software engineer and scientific collaborator at the Swiss University of Applied Sciences.

Judge Orders Yahoo to Pay Acacia $12.4 Million

Acacia Research, a company that buys and licenses patents, says a federal court has raised the amount of damages it will get from Yahoo in a patent infringement ruling. The company said a federal court in Texas awarded it $12.4 million in a final judgment in the case, which is related to backgrounds called IMVironments in Yahoo's instant messaging service.

Intelligence Chief Warns of Threat to Info Systems

The threat of a crippling attack on computer and telecommunications networks is growing, America's top intelligence official told lawmakers, as an increasingly sophisticated group of enemies has "severely threatened" the sometimes fragile systems undergirding the country's information systems. "Sensitive information is stolen daily from both government and private sector networks, undermining confidence in our information systems, and in the very information these systems were intended to convey," Dennis C. Blair said in his prepared remarks to a Senate committee.

Senator to Probe Work with "Internet-Restricting Countries"

Assistant Senate Majority Leader Dick Durbin (D-IL) said he plans to hold a hearing next month to examine U.S. companies' business practices in "Internet-restricting countries." Durbin's announcement comes shortly after Google Inc.'s decision to reevaluate its operations in China, after suffering a cyber-attack it said was aimed at exposing the identities of advocates for democratic reform there.

Many Banking Customers Use Same Passwords Elsewhere

A vast majority of online banking customers use their login credentials to access other websites, sharply increasing risk of attack to their bank account, Internet security firm Trusteer said. Some 73 percent of Internet bank clients share online banking password with non-financial sites, and 47 percent re-use both, their online banking user name and password, British firm Trusteer said, citing a sample of more than 4 million users.

Judge Orders Website to Stop Selling Term Papers

A district court judge in Illinois has ordered the owner of a Web-based company to stop selling term papers unless he can prove he has permission from the papers' authors. The order was based on an earlier ruling in which the provider was found liable of copyright infringement after co-authors of an undergraduate research paper saw their work posted on three of the company's websites and sued in 2006.

Amazon Drops Macmillan Books Briefly in Pricing Spat

Amazon.com shocked the publishing world when it pulled both the digital and physical books of Macmillan, the large international publisher, after Macmillan said it planned to begin setting higher prices for its e-books. But in a message to its customers posted to its Web site, Amazon said that while it strongly disagreed with Macmillan’s stance, it would concede to the publisher.

Social Networking Site Wins Judgment Against Spammer

Social networking site Tagged has won a $200,000 default judgment against an individual who allegedly spammed Tagged members by sending them messages with links to an adult dating Web site. In a ruling, U.S. District Court Judge William Alsup in the northern district of California found that Erik Vogeler sent messages to 6,079 Tagged users and assessed damages of $25 per violation for a total of $151,975.

Court Reinstates Lawsuit Over Google Street View

A federal appeals court has reinstated a lawsuit that a Pennsylvania couple filed against Google after a driver for its Street View service took a panoramic photograph of their secluded home. But the Third Circuit Court of Appeals hinted that Aaron and Christine Boring may only be able to wrest $1 in damages from the search company -- unless they can prove that they were actually harmed in the moment the Google driver lingered on their property.

New Phishing Scams Starting to Target Mobile Banking

The next generation of "phishing" scams, focused on mobile banking, has begun, and it has the potential to do much more damage than earlier versions. As mobile-banking applications have increased in popularity, so has the risk of downloading and installing a fraudulent app that could draw your account information and, potentially, any other data stored on your mobile device.