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A report published this week by PricewaterhouseCoopers (PwC) has revealed that the financial services sector is the most common target of cybercriminals, with cybercrime accounting for 38 percent of the sector’s economic crime incidents compared to only 16 percent for other industries. 
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The recent shutdown of the Megaupload file hosting service by the US authorities is being actively exploited by cyber crooks who are attempting to extort money from the service's users, warns TorrentFreak.
The users are being targeted with fake emails ostensibly sent by a German law firm by the name of "Dr. Kroner & Kollegen" that claims to represents Universal, Sony, EMI, Warner and Dreamworks.
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===> Cyber crooks are very well aware that information is a very lucrative commodity and that every type of information has potential buyers. <===
Take email addresses, for example. While having a batch of random ones at my disposal means absolutely nothing to me, professional scammers, spammers and marketers need them and are ready to pay good money for them, especially when they are well categorized.
Danchev also advises US government and military users to be especially careful when considering the legitimacy of received emails, as among the email addresses offered ===> for sale are over 2 million on .gov and .mil domains. <===
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Sabu, the apparent leader of the LulzSec hacktivist group, has been unmasked by the FBI last June and has since been working with the FBI to secure evidence against the group's other members.
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Among the administrative changes is the proposal of renaming the "Privacy Policy" into "Data Use Policy". Privacy advocates will undoubtedly point out that that particular change sums up Facebook's ultimate goal when it comes to handling user data.
===> A MUST READ!!! <===
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While smartphones can make a significant and positive impact on those who embrace the technology, conversely the technology can wreak havoc on its users if they are complacent, careless or re-active to the ever expanding number of security threats.
Inattention to potential security threats can result in the invasion of privacy, identity theft, inconvenience, the loss of intellectual property and the actual loss of money.
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The end of this year's editions of the Pwn2Own and Pwnium contests has been marked by another Chrome hack, executed by a teenage security researcher that goes by the alias "PinkiePie", and the successful "pwnage" of Mozilla's Firefox browser by researchers Willem Pinckaers and Vincenzo Iozzo.
The 17-year-old PinkiePie - who wanted to keep his face and real name secret because his current employer hasn't sanctioned his participation in the contest - has, by his own admission, been lucky to discover a zero-day vulnerability that allowed him to break out of Chrome's sandbox early into his research for the contest.
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