Thor Olavsrud

A new worm, dubbed “Onthefly” by Helsinki-based security provider F-Secure Corp., began making its rounds on the Net Monday and appeared to be vying with last year’s LoveLetter virus for the title of most infectious bug. The worm’s Visual Basic Script attack — which utilizes much-maligned features of Microsoft Corp.’s Outlook e-mail client — is […]

Humor isn’t too different from investing as NetGear has learned — both rely heavily on a sense of timing. But in this case, NetGear isn’t laughing. Santa Clara, Calif.-based NetGear Inc., a spinoff of communications equipment maker Nortel Networks, cited market conditions as it pulled its proposed $130 million IPO Wednesday. The decision comes a […]

NetZero Inc., self-styled “Defenders of the Free World” Wednesday followed in the footsteps of arch-rival Juno Online Services and gave up on only providing free Internet access services with the introduction of its new premium service, NZ Platinum. At the same time, the company revealed that in the quarter ended Dec. 31, 2000, it racked […]

Verizon Communications is no longer satisfied to be the largest telecommunications carrier in the U.S. It unveiled plans Wednesday to burst out of the U.S. market and create a global broadband network carrying data, Internet and voice. “This is a logical next step for Verizon because it will help unlock the full value of our […]

Global Crossing Ltd. Tuesday beat out the competition to partner with SWIFT, the banking industry’s wire transfer backbone. Industry analysts are calling the deal — which is worth a minimum of $300 million in revenue for Global Crossing — a major win for the fiber-optic network giant. “…not only is this contract financially rewarding for […]

CNET Networks Inc. is preparing to undergo what appears to have become the Internet sector’s new rite of passage: It is going under the knife. The Net media company revealed Tuesday that it plans to cut its global workforce by about 10 percent over the next few weeks as it eliminates duplication and pares away […]

A two-and-a-half-year-old JavaScript exploit which utilizes the HTML e-mail features of Microsoft Outlook, Outlook Express and Netscape 6.0 Mail to “wire-tap” e-mail communications began raising the hackles of privacy advocates Monday. The exploit was first discovered by British Columbia-based systems design engineer Carl Voth on Oct. 5, 1998. Voth dubbed it the Reaper Exploit but […]

The non-profit Internet Software Consortium, provider of the Berkeley Internet Name Domain (BIND) software which is used by about 80 percent of the name servers on the Internet, Friday revealed it will create an exchange to share information about security flaws in the software. The decision to found the exchange — which companies will pay […]

The first program that exploits a newly discovered hole in the popular BIND software has been posted to a public mailing list. Source code to the program was posted anonymously to the Bugtraq security mailing list Wednesday night, just days after a division of Network Associates Inc. (NAI) warned network administrators of four serious new […]

Juno Online Services Inc. is working on a revolutionary approach to monetize its free subscribers by tapping the processing power of their computers, but the method may raise alarms for privacy watchdogs. “We’re going to be announcing the establishment of the Juno Virtual Supercomputer Network,” Juno Chairman and Chief Executive Officer Charles Ardai told InternetNews […]

IBM Corp. Wednesday moved to slough off its reputation as a stodgy, slow-moving enterprise by throwing its considerable support behind Linux. And it is evangelizing Linux’s readiness to enter the enterprise. At the LinuxWorld Conference & Expo New York 2001 Wednesday, Big Blue committed to spending $300 million on Linux services over the next three […]

Sprint Tuesday pledged to cut customers’ network downtime to a minimum by raising the curtain on a new service level agreement (SLA) guaranteeing Frame Relay and Asynchronous Transfer Mode (ATM) Network restoration within four hours of a reported problem. “The data network is critical to the success of today’s e-business,” said Greg Gordon, director of […]