New ransomware holds Windows files hostage, demands $50; Safari hacker talks security

Cybercrooks have hit on a new twist to their aggressive marketing of fake security software Security Alert NetworkWorld.com | Security Research Center | Update Your Profile Sponsored by Code Green Networks Avoid data loss during layoffs Four out of five employees take confidential company data with them after they're laid-off. Attend this Webcast and learn strategies to protect your network from dismissed employees; how data is being stolen; technologies that protect data; and much more. Register today. Spotlight Story New ransomware holds Windows files hostage, demands $50 By Gregg Keizer Cybercrooks have hit on a new twist to their aggressive marketing of fake security software, and are duping users into downloading a file utility that holds users' data for ransom, security researchers warned Wednesday. Read full story Related News: Safari hacker talks security We recently discussed the PWN2OWN competition at this year's CanSecWest security contest, but if you're looking to really dig deep into matters of security, you'll want to check out this interview over at Tom's Hardware with contest winner Charlie Miller. Firefox fix due next week after attack is published Online attack code has been released targeting a critical, unpatched flaw in the Firefox browser. Bucking a trend, security appliance market grows The security appliance market in Western Europe grew 14.4% in 2008 and is expected to continue to expend this year, albeit at a slower rate, according to the latest figures from analyst firm IDC. Committee questions lack of support for cybersecurity office The Senate Homeland Security Committee's senior-most Republican is asking DHS Secretary Janet Napolitano to explain why the National Cyber Security Center (NCSC), set up within the department last year, has seemingly been marginalized by the agency. Survey gauges Web application security spending A new survey shows that despite the dismal economic conditions, more than a quarter of the companies polled expect to spend more on Web application security this year. U.K. police to track e-crime, fraud down to the last pence The fight against e-crime in many countries has been the equivalent of pushing the tide with a broom. OFLC Web site hacked The Office of Film and Literature Classification Web site has been defaced by what appears to be a group opposed to the government censorship. Cisco issues patches for IOS bugs Cisco releases eight updates that target 11 security vulnerablities -- most of which could disable or disrupt service on a router. Security management: 3 key considerations What should you ask when buying security information management software? Enter for a Microsoft training giveaway from New Horizons New Horizons Computer Training is offering a free Microsoft training course worth up to $2,500 to be given to one lucky Microsoft Subnet reader. Deadline for entry is March 31. Network World on Twitter Get our tweets and stay plugged in to networking news. App to no good A look at the top 10 iPhone apps that could get you into trouble. CEO payday breakdown A detailed account of how much tech chiefs made in 2008. Sponsored by Code Green Networks Avoid data loss during layoffs Four out of five employees take confidential company data with them after they're laid-off. 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Click here for your free trial.   03/27/09 Today's most-read stories: IBM confirms North America layoffs IPv6 is not backwards compatible, developers admit Nasty new worm targets home routers, cable modems CEO payday: How much tech chiefs made in '08 Google: IPv6 is easy, not expensive Melissa virus turning 10 ... (age of the stripper unknown) The FCC teaches me a lesson: Don't complain 10 great free sites and downloads Rogue SharePoint sites pose security menace Hackers turn Google into vulnerability scanner Students learn through robot battles Network World on Twitter: Get our tweets and stay plugged in to networking news The Need for an Adaptive Threat Management Architecture - Live March 31. Create a more secure and efficient network. Find out how in this Live Webcast, "The Need for an Adaptive Threat Management Architecture." Join us on Tuesday, March 31, 2009, at 1:00 p.m. ET/10:00 a.m. PT. 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