Archive for November 1st, 2008

Nokia phones in R&D

Ok, Nokia may have slighty been overtaken at the moment by their rivals like SE, Motorola & LG; but boy have they got some serious projects in development! Some of them are so ambitious (including the use of nanotechnology), that in 5 – 10 years time, Nokia might end up being the only brand people buy.

nokia_morph

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‘Sinowal’ trojan steals Banking info worldwide

The details of about 500,000 online bank accounts and credit and debit cards have been stolen by a virus described as “one of the most advanced pieces of crimeware ever created”.

The Sinowal trojan has been tracked by RSA, which helps to secure networks in Fortune 500 companies. The RSA’s Fraud Action Research Lab said it first detected the Windows Sinowal trojan in Feb 2006. Since then, Mr Brady said, more than 270,000 banking accounts and 240,000 credit and debit cards have been compromised from financial institutions in countries including the US, UK, Australia and Poland.

Silowal Trojan

Silowal Trojan

RSA described the Sinowal as “one of the most serious threats to anyone with an internet connection” because it works behind the scenes using a common infection method known as “drive-by downloads”. Users can get infected without knowing if they visit a website that has been booby-trapped with the Sinowal malicious code.

“One of the key points of interest about this particular trojan is that it has existed for two and a half years quietly collecting information,” he said. “Any IT professional will tell you it costs a lot to maintain and to store the information it is gathering. “The group behind it have made sure to invest in the infrastructure no doubt because the return and the potential return is so great.” RSA’s researchers said the trojan’s creators periodically release new variants to ensure it stays ahead of detection and maintain “its uninterrupted grip on infected computers.”

In April 2007, researchers at Google discovered hundreds of thousands of web pages that initiated drive-by downloads. It estimated that one in ten of the 4.5 million pages it analysed were suspect. Sophos researchers reported in 2008 it was finding more than 6,000 newly infected web pages every day, or about one every 14 seconds. Since May, Sinowal has compromised over 100,000 online bank accounts, all over the globe.