The risks associated with using the Internet remain high, yet many consumers are still complacent about online security according to the latest survey from Consumer Reports. U.S. consumers lost almost $8.5 billion over the last two years to viruses, spyware, and phishing schemes according to projections from the magazine's annual State of the Net survey featured in the September issue. Additionally, Consumer Reports estimates that American consumers have replaced about 2.1 million computers over the past two years because of online threats.

Permanent Privacy announces the world's first practical data encryption system that is absolutely unbreakable. And is offering a $1,000,000 challenge to anyone who can crack it.

TraceSecurity, a provider of SaaS security compliance and risk management solutions, disclosed today that the case of Citibank customers whose funds were hacked via the connection between ATMs and third parties processing their PIN codes, are just the tip of the iceberg when it comes to the overall security and compliance of the networks that process ATM transactions.

VoIPshield Laboratories, the research division of VoIPshield Systems Inc., today made its second announcement of security vulnerabilities in Voice over IP systems marketed by Avaya, Cisco and Nortel. This brings the total number of vulnerability groups reported to VoIP vendors in 2008 to over fifty, representing over 175 unique vulnerabilities.

A system designed to help protect retailers and consumers from credit card fraud is now being used by fraudsters to steal goods from retailers, according to fraud protection specialists the 3rd Man. The potentially serious flaw in the system, which fraudsters are already exploiting and could result in millions of pounds of card crime, was spotted by one of the 3rd Man’s fraud analysts as she was monitoring daily card transactions on behalf of a retailer.

Following a February 27 security breach in Connecticut by the Bank of New York Mellon in which it lost up to 4.5 million customers' unencrypted financial data from banks including Wachovia, Chief Risk Officer Todd Gibbons said in a statement, "Protecting the confidentiality of our clients' information has long been a top priority at The Bank of New York Mellon."

Spammers, who were until now pushing sexual performance and male enlargement pills, have switched to promoting pens, cheap jewelry and replica watches as the main products for sale, according to recent data from Marshal's TRACE security team, as reported by MarketWire on May 15, 2008.

There is no doubt that laptops, removable media, handheld organizers, smartphones, memory sticks and cell phones are now essential to business productivity.But how big is the security risk ?

Discount retailer TJX, parent of T.J. Maxx and Marshalls, has agreed to a $24 million settlement with MasterCard over a security breach that left tens of millions of credit card accounts at risk to identity theft.

The PlayStation Network users received a word of warning from Sony. The alarm signal refers to a possible breach in the security. Because of it, the legitimate users’ private details can be accessed by the wrong people.