The conference participants focused on many issues involving the World Wide Web and Internet, but the main concern was Internet fraud and how to solve it. Many experts agreed that credit card fraud on the Internet would be solved for all purposes in a year or two. Internet transactions will be much more secured than telephone transactions soon. Systems will use what is known as public-key encryption, with which a person transmits data using a code, the recipients public key. Other problems, such as viruses and commercial espionage are far from being solved.
Companies are also at risk from internal threats.
Risks are increasing because of the growing number of transactions and people who have access to corporate IT systems. Companies should always have a firewall between the public network and their internal system to prevent unauthorized traffic. But without overall good security, problems are more likely to grow serious over time. Ann Devlin, a reporter, discusses Internet fraud with Susan Grant, an executive from the National Fraud Information Center. Grant talks about some of the top ten frauds that occur over the Net.