[virusinfo] Hidden costs of security flaws - 03/03/05

  • From: "Mike" <mikebike@xxxxxxxxx>
  • To: virusinfo@xxxxxxxxxxxxx
  • Date: Fri, 04 Mar 2005 08:43:20 -0800


From; Panda Oxygen3:

"Time will bring to light whatever is hidden; 
       it will cover up and conceal what is now shining in splendor."
           Quintus Horatius Flaccus (65 BC-8 BC); Roman poet.

                        - Hidden costs of security flaws -
     Oxygen3 24h-365d, by Panda Software (http://www.pandasoftware.com)

Madrid, March 3, 2005 - A survey carried out by Forrester Research, and
which is reported in CNET News.com, reveals that consumers are losing
confidence in the security of online transactions. What's more, companies
are unaware of all the consequences this can have.

The report demonstrates that some security problems, such as phishing, are
altering users' online behavior. To be more specific, 92 percent of the US
families interviewed by Forrester last year said that they were reluctant to
share personal information online because they feel that the risks outweigh
the benefits. Sixty one percent of those survey have curbed their
willingness to use their credit card online and 50 percent said that they
did not trust financial institutions for fear that they would use their
financial information incorrectly. However, only 36% indicated that they
were reducing the number of products and services purchased through the
Internet.

According Jonathan Penn, a security analyst at Forrester, companies are not
aware that there are aspects (security flaws in their websites, disclosure
of confidential user data or identity theft) that can generate secondary
costs, such as call to support centers or additional investment in marketing
to repair damaged reputation. The Forrester analyst also considers hacker
attacks, identity theft and other security problems affect the confidence of
consumers whether they have been online for one year or five.

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The 5 viruses most frequently detected by Panda ActiveScan, Panda Software's
free online scanner: 1) StartPage.FH; 2) Netsky.P; 3) Mhtredir.gen; 4)
Downloader.GK; 5) Shinwow.E.

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