Information Protection and Security

Cyber-criminals have started preying on Verizon Wireless customers, sending out spam e-mail messages that say their accounts are over the limit and offering them a "balance checker" program to review their payments.

The government argues that knowing the participants, timing and method of a communication — but not its contents — is vital in protecting the public from serious crime and terrorism. 
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Researchers at Symantec find a Trojan that uses Facebook to communicate with a command and control server.
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In the roughly 12 months since the McColo shutdown caused a short but dramatic drop in spam, botnet operators have changed tactics to minimize the impact of authorities shutting down their ISPs. Security researchers discussed how with eWEEK.
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According to one cyber intelligence and security company, recent reports of the demise of phishing have been greatly exaggerated.

FBI says there's been a significant increase in fraud involving the exploitation of valid online banking credentials belonging to small and medium businesses, municipal governments, and school districts.
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Computerworld - A massive bot-based attack has been hitting Facebook users, with nearly three-quarters of a million users receiving fake password reset messages, according to security researchers.

Fake notification claims recipients financial institution has filed for bankruptcy, urges them to check the status of their deposit insurance coverage.
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Scam email messages being generated at a rate of 1,000 per minute.