Prediction about consumer online confidence comes true, a little late

I was a panelist at the annual WSA Predictions dinner event in December 2005. Each panelist was asked to make technology-related predictions for the coming year, 2006. My prediction: one or more significant security events would result in a downturn (or, at least, a slowdown in the rate of growth) in consumer online shopping.

Little did I know that the perpetrators of the TJX breach had already been busy at work skimming millions of credit card numbers out of TJX’s computers.

Well, well. I read an article yesterday that reads, “Holiday shoppers are in stores and online again this year — but they don’t feel too safe doing it, according to a report scheduled to be published Monday by security vendor Utimaco.” Consumers are shopping online, but nervous, as they recall the colossal TJX security breach earlier this year.

Link to full article:

http://www.darkreading.com/document.asp?doc_id=141436