Sophisticated cell phones that have built-in digital cameras make children more vulnerable to exploitation than ever before, as it was announced by law enforcement authorities. 

  As Webroot Software has found, about 20% of all online threats come from web sites, not email. Moreover, these web threats are increasingly sophisticated - and increasingly used not only for fun, but for financial gain. Therefore, the company claims that over the last 18 months the volume of malware attacks has increased dramatically.

Monday, the Federal Trade Commission held a conference to discuss guidelines on how companies collect and store vast amounts of data about consumers for very little money to use it for advertising.  As FTC reported, there are little in the way of legal requirements to protect consumer information.

Fed announced Wednesday, it intends to sponsor 45-second ads before movie previews targeted counsel consumers about how to use their credit cards wisely during the holiday shopping season. The Fed decided to launch the campaign when it faces criticism for doing too little to protect its consumers from risky lending practices that helped spark the financial crisis and U.S. economic recession. The advert will be presented at 12 theaters in major metropolitan areas from November 27 through December 3. 

Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap protection it bought from the insurer on companies including General Motors and Washington Mutual. Lehman alleges in a suit filed with a New York bankruptcy court last week that AIG is using the bank's failure as an excuse not to make payments, and that this violates U.S.

Egg, the internet bank, announced the launch of a new credit card offering a unique package of rewards and benefits for people who want to get the most out of their card. The Egg Money World MasterCard will cost just £1 a month and is available beginning July 14.The Egg Money was created for people who want to earn cash back from either everyday spending or expensive purchases and be protected at the same time.

China needs its computer systems security to be supported in order to be protected from cyber attacks. As the state-run China Daily newspaper reported today, the security system is not enough defended against intrusion from hackers.It’s also said in the report that while China has been slow in recognizing the importance of the issue, the USA has placed cyber security high on its national security agenda. 

Thinking Money, a free financial advice and news site, counted up that credit card fraud losses total GBP609.9m, online banking fraud losses total GBP52.5m and cheque fraud total GBP41.9m. Credit card fraud is rising and, as the Association for Payment Clearing Services – APACS states, around 50% of this is now coming from card-not-present (CNP) fraud.

Heartland Payment Systems plans to protect its credit- and debit-card processing network with an end-to-end encryption system that it will begin rolling out with its merchants in the third quarter. This will be the first effort of its kind in the United States. Heartland has not yet publicly released the technical specifications of the hardware and software it is spending millions of dollars to develop.

eBillme and First Data conducted the survey where they tried to reveal some important perceptions of the consumers. Answering the question about whom they would consider at fault if they were to experience identity theft as a result of online shopping, the majority of the respondents (60%) said that it would be the merchants. But on the other part the majority of those surveyed (42%) said that they would ask the payment provider for assistance upon experiencing identity theft.

According to The Register, Internet security experts are alarming about the new rush of malicious software attacks that can come over the security settings of a wide variety of devices on a local area network, even when they are hardened or don't run on Windows operating systems.

Saga Platinum new credit card research unveiled the fact that cardholders are becoming increasingly aware of how they use their cards during the economic decline. According to this survey, today 16% of people use credit cards to ensure that their purchases are protected. Other recent research revealed that 34% of people are thinking more about savings, in light of increasing day-to-day bills.

Intelliden Inc., known as a leader provider of Intelligent Networking solutions made a partnership with the  RSA SecurID two-factor authentication system. It is planned that new technology partnership will help to support network data security for joint customers by preventing unauthorized access to critical network configuration data. 

Merchant Risk Council works on anti-fraud tactics and takes extra measures against online fraud. In order to make online fraud going down and outsmart modern fraudsters it came up with five advices of protection. Firstly, it is recommended to create metrics for the business and observe online fraud rates. Secondly, online businessmen should focus on aiming for lower fraud - less than 0.2 percent.