People Will Start to Think Twice About Transacting on the Web

Time is running out. We need to stop playing around with band-aids and fix what's wrong with financial transactions conducted over the web.  



(CNN) -- The past 12 months have been a banner year for cyber crime. And that could be bad news for the future of e-commerce.

"At current trends, in three or four years people will start to think twice about transacting on the Web, individuals AND businesses," said Michael Fraser, director of the communications law centre at the University of Technology Sydney.

"The way it's trending now, the Web could be so full of rubbish that people won't trust it," Fraser said. "That could destroy the potential of the whole knowledge economy, which so many developed economies are counting on for the competitive advantage."

Looking ahead to 2010, antivirus maker Trend Micro predicts that there will be more attacks on Mac operating systems. Previously ignored by malware makers because of its relatively low market share, the booming popularity of iPhones is drawing the attention of cybercriminals.

Continue Reading

Related articles by Zemanta

• Trend Micro: Vista 7 Less Secure Than Vista (boycottnovell.com)