Feeds

Verisign Scrooges envisage £4.86bn festive forfeit

Ghost of insecure Christmases past for etailers?

SANS - Survey on application security programs

Online retailers have rubbished claims from the security industry they stand to miss out on billions of pounds of trade this Christmas because of lingering public mistrust in internet transactions.

According to Verisign's 2006 online shopping research, 54 per cent of UK consumers have abandoned a transaction because of security collywobbles. By its reckoning £4.86bn could escape online stores in the run-up to this year's festivities.

The extent of the problem was disputed today by Interactive Media in Retail Group (IMRG) chief executive James Roper. He said: "We won't be missing out on that kind of figure."

The IMRG represents big names in online commerce such as Amazon and Lastminute.com, along with the electronic incarnations of high street perennials Argos and John Lewis.

Roper said: "People have gotten better at online shopping. Credit cards offer excellent protection." He said the IMRG was receiving very few complaints about dodgy online shopping experiences these days.

The IMRG is anticipating another bumper Christmas with the growth of broadband making customer experiences more direct. It said yesterday the industry was growing at £50m per month, and sales of £2.73bn made this October was the best month ever.

Roper said a new wave of investment had come in once the industry recovered from the dot com crash which meant customers had renewed faith in etailers. Twenty-five million Brits will shop for pressies online this Christmas, according to the IMRG.

The research from Verisign is part of a bid to get its "Verisign Secured" seal on more shopping sites, which Verisign reckons would give consumers more confidence. Verisign marketing programs manager Andrew Horbury told us the firm was catching one site a week in Europe displaying a fake security seal graphic. Although it offers the service free to its SSL customers, only a third have taken it up so far.

The firm itself is missing out this Christmas thanks to Microsoft missing its Vista deadlines. The "traffic light" address bar system in IE7, which Verisign hopes to flog a new generation of SSL certificates on the back of, won't be turned on until consumers get their mitts on Vista in January. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.