Financial Times FT.com

Online security hit by new level of threat

By Richard Waters in San Francisco

Published: December 27 2008 02:00 | Last updated: December 27 2008 02:00

Internet security has deteriorated markedly this year as a new generation of invasive computer attacks, often masterminded by criminal gangs, has reached a heightened level of sophistication, according to the latest studies of online threats.

"It's getting worse year after year," warned Pat Peterson, chief security researcher at Cisco Systems, who blamed the deterioration on the fact that computer "hacking" is quickly turning into big business. "Capitalism is working against us," he said.

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