Slowdown in banking business reported
Mumbai: The Reserve Bank of India's weekly statistical supplement has indicated a slowdown in banking business in June 1999. Details for the last reporting Friday of the month show that bank credit fell by Rs 1,482 crore while aggregate deposits were down Rs 666 crore.

As on 25 June, the supplement said, outstanding bank credit stood at Rs 3,66,435 crore representing a decline of 0.4 per cent, while outstanding aggregate deposits in the system amounted to Rs 7,29,417 crore, representing a decline of 0.1 per cent.

The foreign exchange reserves including gold and SDRs have gone down by $167 million during the week ending 2 July.
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Hackers plan new software
San Francisco: Hackers meeting at the annual Defcon conference in Las Vegas are planning release of a new programme on the internet that can let intruders automatically take over Microsoft-powered computers.

The programme written by the 'Cult of The Dead Cow', is not dangerous by itself. But after it is posted on the Internet, hackers can use it to infiltrate other computer systems when they combine it with other programmes in a so-called 'Trojan horse' attack.

At the annual Defcon conference, hackers, industry executives and even government officials are getting together to discuss computer security issues.
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