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Thursday, December 30, 2010

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Now Online Stores Getting Insured Against Cyber-Hacking After Wikileaks Dispute

By: Ravi Panjwani On: Thursday, December 30, 2010
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    IMRG, the buy and sell organization, will offer guard against politically-driven ‘denial of service’ threat that threaten Britain’s £57.8bn online shopping industry.

    It follows the targeting of payment services PayPal, Visa and Mastercard earlier this month by ‘hacktivists’ who accused them of bend towards US pressure to delay the release of embarrassing political lines.

    Amazon was also attacked because it had removed Wikileaks information from its servers.

    Peter Wood, member of the online security organisation ISACA and chief executive of security consultants First Base Technologies, stated: “Politically-motivated denial of service is a new threat to online retail because previously the threat has only been from criminals.”


    “Criminals want the payment systems to work because they need to make their money where as hacktivists want to make a big impact.”
    “Cyber attacks would have serious implications for online retailers if the payment process was involved.”

    Britons washed-out twice as much online than other European countries, according to an Ofcom report, with 17 per cent of all purchases now made on the web.
    IMRG has 280 members and over 1,100 retailers accredited retailers for its Internet Shopping Is Safe (ISIS) trust mark.

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