LoveGate Worm Crawling Through Computers Worldwide

A computer worm known as LoveGate was set loose on the computers of the world this past weekend and has been making its way from Asia, Africa, Australia and Europe to the United States. Virus protection software companies have been quick to prepare fixes for the worm and recommend that everyone make sure their anti-virus software is completely up-to-date.

As with so many viruses, the worm appears as an attachment to an e-mail message. When you click on the attachment the worm is unleashed in your computer. It opens a port that allows a remote intruder access to your computer, and it replicates itself by attaching itself to replies it sends to messages in your e-mail inbox.

LoveGate has its own outgoing mail engine, so it doesn't need to use your e-mail software program to send its messages. LoveGate also spreads itself through a network environment, violating all machines in the network.

As of late Monday there had been about 10,000 infections worldwide. While corporations are quick to respond to virus attacks with the latest in anti-virus software and firewalls that prevent hacker access, most home users are more relaxed about virus protection and are more likely to provide a breeding ground for the virus.

Systems that can be infected with the worm include Windows 95, Windows 98, Windows NT, Windows 2000, Windows XP, and Windows Me. Systems that are immune from attack include Windows 3.x, Macintosh, OS/2, UNIX, and Linux.

View the security response on Symantec's Web site.

You may like these other stories...

Cybersecurity is no longer the domain of an organization's IT staff. It's moved to the boardroom, and in a big way. Accountants and financial managers may have been thinking it's just the province of the tech...
You probably don't want to think about how many times you access the File menu in Excel 2010 or 2013. Personally I think Excel 2010 has the best possible File menu arrangement, other than having Print Preview grafted...
Following other recent high-profile hacking events, investigators discovered yesterday that hackers broke into the draft work paper files of several famous CPA firms. Revealing images of the scantily clad documents have been...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.