Record-Breaking "Kraken" Botnet Unleashed; Pour a 40 for Your Sysadmins
From Dark Reading:
SAN FRANCISCO -– RSA 2007 Conference –- A new botnet twice the size of Storm has ballooned to an army of over 400,000 bots, including machines in the Fortune 500, according to botnet researchers at Damballa. (See The World's Biggest Botnets and MayDay! Sneakier, More Powerful Botnet on the Loose.)The so-called Kraken botnet has been spotted in at least 50 Fortune 500 companies and is undetectable in over 80 percent of machines running antivirus software. Kraken appears to be evading detection by a combination of clever obfuscation techniques, including regularly updating its binary code and structuring the code in such a way that hinders any static analysis, says Paul Royal, principal researcher at Damballa.
New Massive Botnet Twice the Size of Storm [DarkReading.com] (Thanks, monad, from #boingboing irc channel!)

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I like the nautical theme, I imagine CEO's with Ahab-esque attire being pulled down with their ships' by many tentacled arms. And yes i realize that Ahab is from Moby Dick.
Where is gandalf when you need him?