Cyber crime poses threat to e-commerce

By doris | Published: December 14, 2009

Full Story at CNN.com

(CNN) — The past 12 months have been a banner year for cyber crime. And that could be bad news for the future of e-commerce.

“At current trends, in three or four years people will start to think twice about transacting on the Web, individuals and businesses,” said Michael Fraser, director of the communications law centre at the University of Technology Sydney.

“The way it’s trending now, the Web could be so full of rubbish that people won’t trust it,” Fraser said. “That could destroy the potential of the whole knowledge economy, which so many developed economies are counting on for the competitive advantage.”

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