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A court of law has found Carolyn M. Gudmundson, a former employee of industry giant Microsoft, guilty of embezzling approximately $1 million. Consequently, she was sentenced to 22 months incarceration time but, after she is done serving her time, she will continue to be closely supervised for a period of three years. Microsoft has been awarded monetary restitution to the amount of $923,000.

“Other employees who have similar opportunities to place their hands in the corporate till need to understand that society takes this sort of crime very seriously,” said Judge Ricardo
Martinez.

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Popularity: 22% [?]

According to the US DOJ (Department of Justice) three top brass executives from E-Gold, an online service that allows users to send and receive payments, and Gold & Silver Reserve Inc. have pleaded guilty to charges of conspiracy to engage in money laundering and conspiracy to operate a money transferring business without a license. The three men in question are Douglas Jackson, Director of E-Gold and CEO of Gold & Silver Reserve, Barry Downey and Reid Jackson.

Acting Assistant Attorney General Matthew Friedrich comments: “By failing to comply with money laundering laws and regulations, the E-Gold operation created an environment ripe for exploitation by criminals seeking anonymity in conducting online transactions. This case demonstrates that online payment systems must operate according to the applicable rules and regulations created to ensure lawful monetary transactions.”

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On Wednesday, Microsoft announced new security features within the upcoming release of Internet Explorer 8 Beta 2. The features are designed to combat the rising tide of drive-by downloads and malicious scripts contained within carefully crafted links embedded in e-mail and Web pages. Most of the new features require systems to be running Windows Vista SP1 or Windows XP SP3.

Perhaps the most anticipated addition is Internet Explorer’s new antimalware protection.  Opera 9.5 and Firefox 3 both recently added antimalware protection. Safari has so far not announced plans for similar protection. Using mostly its own antimalware technology, Microsoft will block emerging threats by masking the entire IE 8 browser screen with a warning to users. The addition of malware protection to the existing antiphishing protection will be re-branded as the Microsoft SmartScreen filter.

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Google has fixed security vulnerabilities related to its Grand Central telecom service and its Google.com Web site, the company said Monday.

Google fixed a cross-site scripting vulnerability on the log-in page for Grand Central, a service that allows people to have numerous phone numbers ring on one phone and have a unified voice mail.

A cross-site script is a vulnerability found increasingly in Web applications in which malicious code can be injected into Web pages that could be used to attack or compromise visitors to the site.
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WhiteHouse.org, the officious website of president George W. Bush, was hacked a few days ago by someone who inserted a malicious code able to drop malware on
visitors’ computers. The website does not belong to George W. Bush and is actually a parody meant to make fun of some presidential matters. The real and the official website of the White House is whitehouse.gov, hosted on a domain assigned to the US government, but it seems like many users still confound it with the parody page.
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Phishing scams occur every once in a while and users have started to get used to them; nevertheless, there are some cases when such an attack may prove to be pretty dangerous.
The most recently reported PayPal phishing scam attempts to steal PayPal credentials by using the same traditional method: an email message that informs users that their account information must be updated, the provided link redirecting them to a fake website asking for the mentioned data. Since a lot of users have received the phishing email, Ryan K., Community Manager of Yahoo Mail, came up front and revealed some of the tricky elements of the scam, which could keep you on the safe side.
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Security company McAfee has won two important 2008 SC Magazine Europe awards thanks to the advanced features its products integrate. As you know, McAfee
is one the most important names on the security market, developing a remarkable number of high-end solutions which are currently installed on millions of computers around the world.

According to a press release rolled out by the security company, Mcafee Endpoint Encryption won the “Security Product of The Year” and the “Best Security Solution for Government” awards at the Hurlingham Club in London.
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Popularity: 11% [?]