Sometimes I wonder if the Internet has any chance of surviving as a place of commerce. Today, there are reports that Yahoo’s email system has been hacked (see CBC report), and passwords stolen. It seems every company — and every individual — are targets of hackers and thieves, i.e. criminals, who are coming up with more and more sophisticated ways of stealing. Many, if not most, people with email accounts are victims of attempted fraud every day, i.e. lowlifes coming up with all manner of scams to steal from you. Little wonder that some people just won’t use the Internet for financial transactions. Indeed, I know some people who won’t use the Internet at all.
I’ll continue to use it for things like blogging, but not for commerce. Though, I am aware that even when you do your banking at an ATM or with a real live teller at the counter, all the information is stored in their computers, which are plugged in to the Internet and the international financial system, and that hackers are targeting them, too.
But sooner or later, the system may implode because some hackers go too far, and then there will be financial chaos.
Such is the tangled web that the Internet and our economic system weave . . .