A New York lawmaker has introduced a bill that would extend financial protection to municipalities and school districts that fall victim to unauthorized bank funds transfers.

A federal jury in Baltimore has convicted a former Fannie Mae programmer of computer intrusion after he sought to destroy more than 4,000 company servers by planting a malicious script that was scheduled to activate roughly three months after he was fired. Rajendrasinh Makwana, 36, faces up to 10 years in prison for seeding a common application with "logic bomb" malware on Oct. 24, 2008, the day he was fired, the U.S. Department of Justice said last week in a news release. Five days later, a senior engineer discovered the disgruntled Makwana's actions, which were meant to destroy financial, securities and mortgage information. Makwana, who had pleaded innocent, is scheduled to be sentenced Dec. 8. — DK

Microsoft called, and Oracle raised. On the heels of Redmond announcing a planned record-breaking security update, the database giant has countered with plans of a monster patch delivery itself.

21st Century evidence tampering: Could kinetic, real-world criminals benefit from cybercriminal destruction of court records?

Canada's federal government unveiled its long-awaited cybersecurity strategy in early October, committing $90 million over five years and $18 million in ongoing funding.

Investing in semantic technology for metrics, instead of traditional scoring systems, can enable organizations to better measure the risk facing their networks.

A computer containing the names of Tamil refugees has been stolen from the offices of the Canadian Tamil Congress.

The Canadian Revenue Agency (CRA) is investigating more than 1,000 high-value bank accounts in Switzerland, after a former employee stole the account data and handed it to investigators.