Eight Predictions for Online Fraud in 2010

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The following are predictions from RSA, The Security Division of EMC, on the online fraud techniques we should be aware of and concerned about in 2010

In 1992, when the Internet domain was established and the World Wide Web released by Conseil Europn pour la Recherche Nuclire (CERN), the world truly became a global village. The Internet started linking individuals and businesses and there was no question that cross border communication had entered a new era. Today, virtually no organization could run without the use of the Internet, and increasingly more companies are seeing the benefits of leveraging the public cloud and Web 2.0 in businesses Nothing is however perfect. While the Internet has enabled countless businesses since its inception, it has also become a hotbed for organized crime. Online fraud has affected millions worldwide, and hackers get better all the time at breaching security perimeters and duping users. Scarily enough, this form of attack knows no boundaries.

Gartner believes security measures such as one-time passwords and phone-based user authentication, previously considered the most robust forms

of security, are no longer enough to protect online transactions. In October 2009, the FBIs Internet Crime Complaint Centre reported that cyber crooks had attempted to embezzle approximately $100 million from U.S. banks using stolen log-in credentials.

A decade into the new millennium and the problem still exists. Firewalls, anti viruses and a vigil eye can put the problem somewhat at bay, but solving it will take an even greater effort from both organizations and individuals to keep the online realm safe and beneficial for everyone.

The following are predictions from RSA, The Security Division of EMC, on the online fraud techniques we should be aware of and concerned about in 2010:

Expansion of the Dark Cloud

Enterprises should expect malware infection and Trojan attacks to intensify as fraudsters hone their ability to quickly exploit newly discovered vulnerabilities in websites and desktops. Companies will seek to gain bet