A New York school district had US$3.8M pilfered by cyber-criminals, who may have used a common banking trojan to gain valid login credentials to the district’s accounts.  The very same trojan making the rounds on social networks like Facebook.  The district has recovered most of the money, but is still out nearly US$500K.

One of my many roles as a founder and CTO is to meet with customers and talk about their network security issues. These visits are not only informative, they can be humorous as well. For example, a recent visit to a large, fortune 500 company, they told me that one of our firewall competitors explained [...]