Online security losing cyber battle

February 21, 2011
Cyber Security, FedCyber Wire
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via the Daily Telegraph

The internet was never meant to do sensitive banking transactions, cyber criminals are winning the war against online security and Australia’s easy going nature is making us vulnerable targets to ever-more sophisticated internet thugs.

That was San Francisco-based internet security watcher and author Joseph Menn’s assessment of the current state of the internet before he spoke to the Internet Industry Association’s gala dinner in Sydney last night.

The only glimmer of hope was that people were becoming more aware of the risks involved with the internet – which he described as a “loaded gun” – but we have to be even more savvy if we are not to be become a cyber crime victim.

Mr Menn said when he interviewed the former head of the US Department of Justice’s Cyber Crime Unit she said half of all credit cards were in the hands of criminals.

“And if your credit card details weren’t in criminals’ hands it was only because they hadn’t got around to it yet,” he said yesterday.

More here.