Virus Alert: Don't Let The 'Bugbear' Bite

A virus that travels via e-mail and attacks Windows operating systems was first noticed on September 30th and has already infected computers in dozens of countries. The bug has been aptly dubbed Bugbear. It is rated "high risk" for both home and corporate users.

Bugbear arrives as a worm embedded in an attachment to an e-mail. But users don't need to open the attachment to release the worm. Merely opening or previewing the e-mail can allow the bug to infect a system. Among the subject lines reported to date are: "Just a reminder," "News," "Membership Confirmation," "Market Update Report" and "Your Gift."

This virus spreads by e-mailing itself to addresses found on the user's machine or attaching itself to previously sent e-mail messages. It also attempts to disable many types of protection, including antivirus protection. Some reports say that after Bugbear infects a system it sends print requests to all network printers.

If it succeeds in infecting a computer, Bugbear can allow hackers to delete or steal any information stored on the computer's hard drive. It attempts to install a backdoor trojan that can record user keystrokes, including passwords and credit card numbers. It can also enable a hacker to download files onto an infected system, stop processes from operating and run executable files.

Microsoft has issued a patch for the problem, and both McAfee and Symantec have released information about and fixes for the worm. According to the MessageLabs VirusEye chart of the top 10 viruses, which tracks computer infections on a daily basis, the Bugbear worm is attacking more than twice as many systems as the Klez worm, this year's previous greatest threat.

You may like these other stories...

Event Date: May 29, 2014 In this presentation Excel expert David Ringstrom, CPA brings you up to speed on the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both...
No field likes its buzzwords more than technology, and one of today's leading terms is "the cloud." But it's not just a matter of knowing what's fashionable. Accounting professionals who know how to use...
There is a growing trend of accountants moving away from traditional compliance work to more advisory work. Client demand is there, but it is up to the accountants to capitalize on that. What should accountants' roles be...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.