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Top 10 Malware Threats - May, 2010Security software company, Sunbelt Software, in its monthly malware threat report, today announced the top 10 most prevalent malware threats detected in May 2010.

Log management and security company, LogLogic, today released a preview of its upcoming log management virtual appliances. The LogLogic Log Management Virtual Appliance is a virtual log management solution, offering enterprise-grade log data collection, search and storage capabilities for companies seeking to improve business operations, enhance security and meet compliance requirements. The virtual appliances operate on VMWare’s ESX virtual servers as well as on devices running VMWare WorkStation, and VMWare Player.

Security software company, Sunbelt Software, today announced the availability of VIPRE Enterprise for Mac, client software that provides virus protection against Macintosh-specific malicious threats.With VIPRE Enterprise for Mac, users will be able to run both scheduled and on-demand scans and view quarantine and scan history. In addition to protecting against MacOS specific threats, the product will also be able to detect and clean any Windows-specific threats discovered on a Mac system.

Next to anonymity, automation is a cybercriminal’s best friend. Botnets—a network of compromised computers on the Internet under the command and control of a single computer—are a game-changer for e-fraudsters. Cybercriminals with a sufficiently large botnet have the potential computing power equivalent to a supercomputer at their disposal.

As the days lead up to the start of the 2010 World Cup, cybercriminals are busy drafting new scams and tactics to take advantage of the excitement surrounding the global event. The latest scam involves an email saying telling users that their email address has won an award of a large sum of money and a free ticket and hotel in South Africa. An example of the fraudulent email is below:

IBM (NYSE:IBM) today announced the official opening of a new global security operations center in Bangalore, India.The new security center, staffed with managed security services professionals and members of the X-Force security research and development team, will help support IBM’s more than 4,000 managed security services clients worldwide.

An online survey of over 250 security professionals revealed that forty-seven percent of IT security professionals believe that security audit costs will increase in 2010.The survey, conducted by nCircle, a security and compliance solutions provider, covered a range of security topics including smartphones, healthcare, cloud computing and social media.Key findings from the survey include:• 45% of respondents anticipate no change in 2010 security audit costs

While companies increasingly rely on social media for business marketing, support and collaboration, they often ignore the associated risks such as non-compliance, data loss and legal issues. Autonomy Corporation, an enterprise software company with dual headquarters in Cambridge, United Kingdom and San Francisco, CA, hopes to help organizations manage these risks. Autonomy today announced the availability of “Autonomy Social Media Governance,” a solution designed to monitor, govern, and protect organizations with employees engaging on social media sites.

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Application Security

Application Security

Adobe is providing incentives for bug bounty hackers to report security flaws in its implementation of Content Credentials and Adobe Firefly.

Cloud Security

Cloud Security

Cloud security giant Wiz has raised $1 billion, which brings the total funding to $1.9 billion, at a valuation of $12 billion.