Wednesday, February 6, 2008

Attackers zero in on Yahoo Jukebox's ActiveX flaw

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Just one day after hackers showed how to exploit a number of flaws in the ActiveX software used by Internet Explorer, Symantec has spotted online criminals using one of the attacks.

The attack, which was first observed in the last few hours, is not widespread at present. Symantec Security Response Director Oliver Friedrichs said Tuesday that the company had identified just three Web sites that were hosting the attack code, all of which seem to be linked to the same criminals. But he believes that more attacks are inevitable as the bad guys work the code into their malicious toolkits of software. "Given the fact that the proof of concept is available and works, it's not exactly rocket science for someone to plug this into [a toolkit]," he said. "That's likely to happen in short order."

Security researchers Elazar Broad and Krystian Kloskowski have disclosed a slew of ActiveX bugs affecting MySpace and Facebook over the past few days, but the attack reported by Symantec takes advantage of a flaw in an ActiveX control used by Yahoo's Music Jukebox.

After the attackers are able to install software on the victim's machine, they then begin installing a number of malicious files on the victim's computer, Symantec said.

Broad and Kloskowski also discovered a second ActiveX bug in Yahoo Jukebox, but that flaw is not yet being exploited by attackers, according to Symantec. Another major source of problems is the Aurigma ImageUploader ActiveX control, which is used by Web sites such as Facebook and MySpace to upload pictures into Internet Explorer.

Because of all the ActiveX bugs, Security experts are warning users to be cautious while Web browsing. On Tuesday, US-CERT (United States Computer Emergency Readiness Team) published a note encouraging users to disable ActiveX controls, which can be done by setting Internet Explorer's security level to "high" for the Internet zone.

That may not be a realistic option for many consumers, who will find their Internet Explorer browsing experience hobbled without ActiveX, Friedrichs said. But tech-savvy users and corporate IT shops can take steps to disable the untrusted ActiveX controls. In fact, the SANS Internet Storm Center has published free software that disables the controls.

Another option for enterprise users is to create a whitelist of approved ActiveX controls, Friedrichs said.

Security problems with browser add-ons are very common. In the first half of 2007, Symantec identified 237 browser plugin security flaws. About 89 percent of centered on ActiveX.

Yahoo did not immediately respond to an e-mail message requesting comment for this story.

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Friday, February 1, 2008

Yahoo Board Chairman Quits

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Terry Semel is stepping down as Yahoo's non-executive chairman, six months after handing over his CEO title to Jerry Yang.

Semel is leaving the board effective immediately, Yahoo announced Thursday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.

Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo's co-founders, was made CEO, and Semel was demoted to non-executive chairman.

As CEO, Semel helped to build Yahoo's audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year's reorganization.

"With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board," Semel said in the statement.

He approached the board several months ago about leaving once a replacement could be found, Yahoo said.

Bostock has a long history in the advertising industry, "an area that is more important than ever to Yahoo's business and our long term success," the company said.

On Tuesday Yahoo reported that net income for its fourth quarter declined to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.

Semel's departure from the board appears to mark the end of his tenure at Yahoo. Yang thanked him for "his many contributions to Yahoo over the years and for helping to lay a firm foundation for future success and improved financial performance."

Bostock has been a board member at Yahoo since May 2003 and was elected unanimously by the board to replace Semel. From 1990 to 2000 he was chairman and CEO of D'Arcy Masius Benton & Bowles, and its successor advertising company The MacManus Group.

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Microsoft Makes $44.6 Billion Offer for Yahoo

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Microsoft has offered to buy Yahoo for US$44.6 billion.

The offer is 62 percent above Yahoo's closing share price on Thursday.

"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft.

"Our lives, our businesses, and even our society have been progressively transformed by the Web, and Yahoo! has played a pioneering role by building compelling, high-scale services and infrastructure," said Ray Ozzie, chief software architect at Microsoft.

The bid comes hours after Yahoo announced that Terry Semel was stepping down as non-executive chairman, six months after handing over his CEO title to Jerry Yang.

Semel is leaving the board effective immediately, Yahoo announced yesterday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.

Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo's co-founders, was made CEO, and Semel was demoted to non-executive chairman.

As CEO, Semel helped to build Yahoo's audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year's reorganisation.

"With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board," Semel said in the statement.

He approached the board several months ago about leaving once a replacement could be found, Yahoo said.

Bostock has a long history in the advertising industry, "an area that is more important than ever to Yahoo's business and our long term success," the company said.

This week Yahoo reported that net income for its fourth quarter declined to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.

Source