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Visa Risk Manager will address fraud losses and help issuers approve a greater number of legitimate credit and debit transactions. Cyber crime is costing the e-commerce industry as much as £580 million (A$1.38 billion) per year, with that figure set to rocket to £1.5 billion (A$3.6 billion) by 2010, latest figures show. Australians strongly support the introduction of new technologies to provide greater security for individuals’ data and finances, according to the Unisys Security Index by Newspoll released today. The anonymity and universal access of cyberspace makes cybercrime attractive and easy. The anti phishing working group (APWG) launched a new best practice guide for registrars today, aimed at making it more difficult for online criminals to register domains for purposes such as creating phishing sites. A number of recent studies have highlighted the security concerns over e-voting machines. Identity theft has become a multi-billion dollar issue that continues to accelerate, and protecting against it has become a multi-million dollar business, says Deloitte's Mark Steinhoff. A Miami man pleaded guilty this week for his involvement in the wireless-enabled data heists at TJX and a number of other well-known retailers. A Malaysian hacker has been sentenced to two years in prison by US authorities for breaking into stock trading accounts All too often, people are victims of identity theft. Less common, but perhaps more dangerous, is the growing trend of medical identity fraud. A new phishing scheme leveraging the McDonald's name is part of a trend that plays on the economic downturn. Following the termination of domain registrar EstDomains' accreditation, ICANN announced it will transfer 281,000 domains to an approved provider. Companies need to step up their ability to guess where cybercriminals will strike next. The Public Key Infrastructure solves many security problems, but also introduces risks that require careful management. Banks falling behind fraudsters. The hacking community is outpacing the security industry, and different sectors of the IT community need to work together more closely to narrow the gap. Protecting users from internet-borne threats falls on trusted websites, says Overstock's Sam Peterson. Dan Kaplan reports. Damon Patrick Toey has become the first person to be brought to justice in the hacking of TJX, which is one of the biggest cases of its kind. Recent arrests in the hacking of nine U.S. retailers and Countrywide Home Loans is just the tip of the iceberg of what's to come, according to experts in the security industry. A man described by Microsoft as one of the top ten spammers in the world has been sentenced to nearly four years in jail.