Feeds

E-commerce now a turn-off - official

Online scams blight outlook

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

So much for the "digital revolution". The Gartner Group is revising its e-commerce predictions downwards after 42 per cent of users said they were cutting back net use because of security concerns. As a result, Gartner is shaving one to three per cent off its growth estimates. It had previously reckoned that online business would grow by 15 per cent next year.

A third of concerned users are buying less online than they otherwise would. More than a quarter surveyed said they were cutting back on online banking. Of those registering concern about online banking security, four per cent have abandoned online banking completely, while 14 per cent have stopped paying bills online.

More than half of the sample has received a phishing email, and malware and reports of wholesale identity theft are also factors.

"Consumers' fears about online fraud have increased as more have received phishing emails, their computers are fouled with thieving viruses and hacker programs and companies reveal mass thefts of credit-card numbers from databases," reports the Wall Street Journal.

Personal information on 40m credit card users in the US went astray - the latest in a succession of ID breaches - and a Sun reporter described how he could pick up online banking passwords and credit card information for £4.25 ($7) a name from an Indian call center.

Gartner analyst Avivah Litan calls it a watershed year, and she's not exaggerating.

The problem is a lot easier to describe than it is to fix. Browser and OS security are only part of the problem: many scams rely on the very flexibility permitted by the internet's protocols to spoof websites and email addresses. Nor would "closed" networks entirely solve the problem, either.

However, the consensus is gradually shifting away from the utopians and fantasists to discussing practical alternatives to the IPv4 wreckage we are stuck with today. Last year a report recommended TCP should be replaced within five to ten years, and Intel SVP Pat Gelsinger has advocated a "superstructure" to be built on today's protocols.

All of which suggests that Web 3.0 will look a lot more like France's Minitel than anyone can have envisaged. But it isn't 1994 anymore. ®

Related stories

Stalling net must dump TCP/IP and overlords
The Sun exposes UK ID theft racket at Indian call centre
Unauthorised research opened door to MasterCard breach
UK trojan siege has been running over a year
UK under cyber blitz

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.