The Trust Foundation Understanding trust issues in the digital era.

“Symantec monitors internet threats in 180 countries using more than 40,000 sensors and 2 million emails to collect spam. Last year, it detected 711,912 new threats, a staggering 468% increase on 2006, with 68% of the top 50 malicious codes designed to nab confidential information.

Where it's happening is the most significant twist, with the latest data showing that trusted sites such as Facebook and Second Life are being infiltrated to strip individuals of their personal information.
"Identity theft and fraud are a multi-billion dollar business and attackers are making more money targeting personal information than they are out of targeting big business and government," Mr Scroggie says.”

With more people getting onto social networking sites such as Myspace and Facebook every day, experts of Identity Fraud have estimated that there will be a sharp increase in cases of identity fraud in the upcoming year. Apparently, cyber criminals have be striving on these thriving online sites where people hang out with their friends or even hook up with total strangers. The ease of contacting a total stranger makes cyber criminals’ job easier. Careless attitudes of these users have fueled the online black market where stolen credentials are being bought. Read more about it here.