News from trendmicro.

Our researchers at TrendLabs have discovered a new set of rogue antivirus software circulating in the wild. Based on initial analysis, these threats arrive mainly via spammed email messages that contain a link to a bogus celebrity video scandal. We have also received reports that the said link is circulating in instant messaging applications and private messages in social networking Web sites, too.

Once the said URL link is clicked, the Web threat infection chain begins and ultimately leads to the download of a Trojan detected by Trend Micro as TROJ_FAKEAV.CX. This Trojan is a rogue antivirus that displays very convincing (and

for some, alarming) messages, such as the following:

TROJ_FAKEAV.CX also drops another malware, detected as TROJ_RENOS.ACG. RENOS Trojans are known to have very visual payloads that may further alarm users — for example, they modify the system’s wallpaper and screensaver settings to display BSOD (Blue Screen of Death/Doom). Thus, users may be more convinced that something’s wrong with their system, not knowing that their new software is the one causing it.

Rogue antispyware isn’t entirely new, although our researchers have been seeing an increase in activity for the past couple of months (the Anjelina spam being one of the more recent examples).

Perhaps it’s because this is also the time of the year when the more legitimate security suites are releasing their latest software updates, and cyber criminals are riding on this season to ramp up their profits. Bad news for the infected users, though, as their latest versions of “antivirus software” are actually adding more threats to their system.

Trend Micro is still investigating this spam run. Updates will be posted when more information becomes available.

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McAfee and Secure Computing come to a multi-million dollar agreement to help add to McAfee's portfolio

Security maker McAfee today announced it plans to acquire enterprise network security company Secure Computing Group for $465 million. The $5.75 per share is a 27 percent increase of the company's Friday closing price of $4.52.

"Today’s announcement of this pending acquisition is a natural extension of McAfee’s security-only focus," said Dave DeWalt, chief executive officer and president of McAfee.

"We expect the pending combination of McAfee and Secure Computing will create an annual projected combined revenue of just under $500 million in the network security segment of our SRM portfolio. We believe that this pending acquisition will allow us to immediately establish a leading and highly competitive position in the network security space."

The McAfee purchase is the company's biggest acquisition, and will help the company boost its presence in corporate network security while increasing the number of companies that use its products. McAfee has a global partner base of 12,000, and will receive 2,000 more solution providers once the deal is approved.

Specifically, McAfee hopes to cash in on Secure Computing's TrustedSource technology, which will be marketed towards small and medium size businesses looking for secure software technology without going through the hassle of installing lots of software.

The only major concern, according to analysts, is attempting to make Secure Computing's software easier to use, as the company has a notorious reputation for creating software that is hard to install and manage.

McAfee Chief Executive Dave DeWalt, who took the job in 2007, has used corporate buyouts to help the company expand its software portfolio. The security company already purchased, SafeBoot, Reconnext, Onigma, and other companies in recent months.

The deal will be completed once the Department of Justice and Federal Trade Commission approve the buyout under the Hart-Scott-Rodino Act. Neither company is expecting products from the planned acquisition. The transaction should close before the end of 2008.

Moving forward, McAfee will likely enter database security and security information management, a move that will happen by more company acquisitions.

Source: DailyTech