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Internet users to be hit by massive attack

» John Geralds in Silicon Valley, Monday 02 April 2001

Internet users around the globe are likely to fall victim to a massive cybercriminal 
attack that will take place by the end of next year, according to a report by Gartner.
But the individuals responsible for this worldwide online theft will remain anonymous 
because international law enforcement officials will not have done enough groundwork 
to apprehend them.

Gartner analyst Richard Hunter explained: "Global law enforcement agencies are poorly 
positioned to combat these trends, leaving thousands of consumers vulnerable to online 
theft. Cybercriminals can now surreptitiously steal millions of dollars, a few dollars 
at a time, from millions of individuals simultaneously."

As a result, he added, they are likely to get away with the crime.

But the financial damage caused by cybercrime will increase by between 1,000 and 
10,000 per cent by 2004, Hunter explained, not only due to the inadequate enforcement 
of cyberlaw, but also because new technology will mean there are more opportunities 
for cybercriminal activity. Criminals' knowledge of how to exploit such opportunities 
will also increase.

Funding to improve cyberlaw enforcement is likely to remain inadequate until 2004, 
however, and the situation will be made worse because there is no common international 
legal code to deal with cybercrime. Also, the technology necessary to undertake such 
crime is easily exportable, which means that criminals can jump borders to evade the 
law.

Hunter said: "This new generation of perpetrator won't be firing off warning shots."

As a result, he recommends that online users install personal firewalls on any 
computer that provides internet access, monitor all of their financial transactions 
frequently and disable any components in their browsers that deal with active content 
such as ActiveX and Java.

Analysts also advise web surfers to disable peer-to-peer networking capabilities in 
any machine connected to the internet, and use a credit card with a low credit limit 
when making purchases online.

This article is available online at http://vnunet.com/News/1120013




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This article was printed from vnunet.com.
Copyright © 2001 VNU Business Publishing Limited
[All rights reserved]


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