Has web security has gone down the drain?
Expect more financial losses and web insecurity in 2007. As shoppers become more comfortable with the online convenience of web commerce, the illusion of web security is shattered by new revelations:
Israeli experts say ATM system is unsafe Flawed encryption system may make an estimated $600 billion in yearly transactions vulnerable to theft. Related: you don’t really want to protect that ATM PIN, do you? [News.com Blog Security]
Don’t expect Microsoft’s new operating system, Windows Vista, to come to the rescue just yet. Security geezers say Vista prone to malware and worms [The Inquirer via Daily Rotation and Hackinthebox.org]
Thanks to widespread use of rootkits on compromised computers, phishing (internet scaming and fraud) hit new highs in 2006: “Fully 70 per cent of the brands that were spoofed in phishing attacks are based in the U.S. And nine of the top 10 phishing targets were financial institutions.” [ Vununet: Phishers don’t like Mondays via Hackinthebox.org]
Who is to blame for most information security breeches? “32% of Information Security attacks originated from internal employees while 28% came from ex-employees and partners… and 50% of breaches result from employees misusing access privileges, whether maliciously or unwittingly… “ [Help Net Security]
In my opinion, there will never exist idiot-proof solutions which prevent users from compromising security. To think such solutions exist is to succumb to a false sense of security. Human ingenuity and curiosity will always get the best of us. “Where ever you go, there you are.” We can’t escape from ourselves, no matter how hard we try.
Do you think web security is going down the drain? What solutions do you think will work?
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