Increasing cyber attacks have resulted in spawning of a great security industry. Cyber crimes against organisations, both corporate and military, are on an upswing. The recent attack on Googles e-mail allegedly by the Chinese hackers miffed the Internet company so much that it has threatened to shutter its China operations.
Coming back to the personal domain, not just your credit card details but even your identities are up for sale or stealing. Ross O. Storey, MIS Asia managing editor, wrote in his latest blog: Apparently, cyber crime has now reached the stage where there are specialised online blackhat bazaars, where anyone who knows how to access them can buy credit card numbers and identities for about the cost of an average meal…credit card information was now available for purchase on underground economy servers for between US$1 and US$6 each. Identitiesincluding US bank account, credit card, date of birth and government issued ID numberswere available for between US$14 and US$18.
The recent case of alleged used of fake passports of UK citizens by agents of Mossad, as claimed by the Dubai police, have brought into focus the issue of identity thefts. The genuine UK citizens whose identities were stolen by the killers now worry about their lives.
Cloud computing is another emerging area. Many in the enterprises are worried about the trend of virtualisation. An editor friend had this to say on cloud computing: They (cloud providers) just want to take your information, lull you into thinking it's OK to park all your valuable information with them, then one day you're locked out and all your stuff is held ransom!
Voicing his concerns, a Computerworld (US) reader wrote to the magazines editor: What do you do if the cloud provider goes out of business? Or decides its no longer profitable to maintain the service? Or changes protocols? Or drops support in your country? Or gets hacked and loses everything?
These are all real concerns. In the end, we know who will win but for posteritys sake, lets draw satisfaction in the knowledge that at least we asked these questions.
Zafar Anjum is the online editor of MIS Asia portal.
Sign up for CIO Asia eNewsletters.