The latest news from United Kingdom’s major retail bankers says that if your online bank account has been compromised and you didn’t use any Internet computer security software such as antivirus and antispyware (e.g. Norton 360), you solely bear the responsibility for the loss, and they won’t compensate you a dime. A clause has been added to the newly updated Banking Code to make this very clear.

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So I joined MySpace about a week ago and was already annoyed at the way they sent me my password over email. But then, just a few days later, I got an email with my first MySpace message / friend request from someone named Riley whose profile picture is a girl in a swimsuit. Originally, her (or his?) profile showed the same city and state that I live in, though now it’s been changed to Greenville, Ohio. Here’s the text of the message:

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I picked on search engine Mahalo as an example of a company emailing its customers passwords. I mentioned how having your password floating around openly on mail servers can defeat the purpose of having a password in the first place. Mahalo’s founder and CEO, Jason Calacanis, joined the discussion and some good thoughts were shared from both sides of the issue.

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Being that I’m studying for my bachelor’s degree in information technology security, I often find myself experimenting with certain computer security measures and countermeasures. Currently I’m enrolled in a class that focuses on computer and data forensics. Because of this, I have access to trials of some interesting computer forensics programs such as Access Data: Forensic Tool Kit (FTK) and Technology Pathways ProDiscover. Both of these are used by top computer forensics agencies for recovery and analysis of computer hardware and accessories.

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Let’s face it; we all reuse the same password for login accounts all over the Internet. At best, some of us create a few passwords through which we rotate.

So why is it that some companies still insist on sending me my password via email right after I create my online account? The reason I have a password in the first place is so that it doesn’t flow back and forth openly in cyberspace only to reside peacefully on multiple mail servers.

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This past week a national cable and high-speed Internet provider by the name of Charter Communications accidentally deleted all the contents of 14,000 active email accounts. A spokeswoman for the company explained that there is no way for them to retrieve anything that was erased. The spokeswoman offered this explanation and apology:

“We really are sincerely sorry for having had this happen and do apologize to all those folks who were affected by the error… During this maintenance we erroneously deleted active accounts along with the others. It’s never happened before. They are taking steps to make sure it never happens again.”

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The privacy and portability of your online data may become more of an issue in 2008. News is out today of a Federal case which will investigate whether the use of a false identity could be considered Internet fraud under federal statutes. This was originally triggered by the October 2006 case in which a 13-year-old named Megan Meier committed suicide after receiving “cruel” messages on MySpace (messages allegedly received from the mother of a school rival who was posing as a 16-year-old boy).

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div>TechConsumer News is a feature we started out of a hobby of tracking the latest happenings within the consumer related technology sphere. The goal is to provide a concise, compiled overview of the most intriguing stories from the last few days. Today’s news roundup focuses on Google. Feel free to give us feedback or send us tips.

Here’s the latest in TechConsumer [Google] news:

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div>Last weekend a Gmail vulnerability was demonstrated at DEFCON, one of the oldest continuous running hacker conventions. Though it’s not specific to Gmail, a session hijacking demonstration by Robert Graham showed hackers can take over a users email account by simply sniffing network traffic and stealing web browser files called “cookies.” A simple fix for Firefox users is to install an add-on called Better Gmail. This Firefox extension forces Gmail to connect using a secure connection (https://) all the time, which eliminates the problem.

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Let’s face it; we all reuse the same password for login accounts all over the Internet. At best, some of us create a few passwords through which we rotate. So why is it that some companies still insist on sending me my password via email right after I create my online account? The reason I have a password in the first place is so that it doesn’t flow back and forth openly in cyberspace only to reside peacefully on multiple mail servers.

more…