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Monday, August 04, 2008
Consumer Reports Survey: U.S. Consumers Lost Nearly $8.5 Billion to Online Threats
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YONKERS, N.Y., Aug 04, 2008 /PRNewswire-USNewswire via COMTEX/ ----Spyware accounts for $3.6 B in losses; 2.1 million computers replaced due to malware
September issue features latest ratings of security software
The risks associated with using the Internet remain high, yet many consumers are still complacent about online security according to the latest survey from Consumer Reports. U.S. consumers lost almost $8.5 billion over the last two years to viruses, spyware, and phishing schemes according to projections from the magazine's annual State of the Net survey featured in the September issue. Additionally, Consumer Reports estimates that American consumers have replaced about 2.1 million computers over the past two years because of online threats.
Consumer Reports' survey findings produced some hopeful signs that online security is slowly improving because the chances of becoming a cybervictim continue to decline. Consumers have 1 in 6 chance of becoming a cybervictim, down from 1 in 4 in 2007.
Spyware and virus infections have also declined significantly over the past few years. However, Consumer Reports' projects that problems they cause have resulted in damages of roughly $6.5 billion over the past two years. Consumer Reports also estimates that 3.5 million U.S. households with broadband remain unprotected by a firewall.
The magazine's 2008 State of the Net survey was conducted by the Consumer Reports National Research Center using a nationally representative sample of more than 2,000 households with Internet access. Below are additional findings for major online threats.
Spam: One in three survey respondents reported heavy levels of spam. One of the newest types, cell-phone spam, is a minor nuisance to most online homes. Still, Consumer Reports estimates that 1.2 million people nationwide received more than 25 such messages each during a recent six-month period.
Viruses: The rate of serious virus problems has declined 32 percent over the years that Consumer Reports has been tracking them. Yet 19 percent of respondents reported that they didn't have antivirus software on their computer.
Spyware: Spyware problems have declined 54 percent since the magazine has been tracking them. One in 14 respondents reported a serious computer problem as a result of spyware, compared to 1 in 6 respondents in 2005. In the past six months, 566,000 households replaced computers due to spyware infections.
Phishing: Over the past two years, about 6.5 million consumers, or roughly 1 in 13 online households, gave phishing scammers personal information. Fourteen percent of them lost money. Consumer Reports estimates that American consumers lost about $2 billion to phishing scams. Phishing still thrives; it's easy for criminals to download sophisticated and cheap phishing kits that feature authentic-looking corporate logos and other tools. Despite the dangers, 75 percent of Consumer Reports' respondents said they didn't use an anti-phishing toolbar.
Consumer Reports rates security suites
New computers almost always come loaded with the trial version of a software suite designed to thwart spam, viruses, and spyware. But Consumer Reports' latest tests of 11 security suites show that not all of them deliver enough protection to justify paying $50 or more for the continued protection after the trial period.
Consumer Reports' tests of security software were conducted both in-house and in an independent research laboratory. The tests tracked how rapidly the programs addressed actual threats newly discovered by security researchers. In addition, Consumer Reports looked at programs with modified badware (spyware and adware) and also evaluated whether programs wrongly identified benign files as threats, which might prompt users to delete an important e-mail or a system file that the machine needs to operate.
For optimal protection, users should consider BitDefender, $50. Consumer Reports tests revealed it was consistently very good in performance and fairly rich in features, including the best array of antivirus tools of the high-rated suites. McAfee's Internet Security Suite with SiteAdvisor, $50, is a fine choice for a newer computer. It performed comparably to BitDefender and is among the most effective against spam and phishing.
Users who practice careful computing and want to protect their computers without paying fees should consider free software. Consumer Reports testers combined three free online security programs -- Avira AntiVir Personal Edition Classic 7, Microsoft Windows Defender, and SPAMfighter Standard -- and assembled them into a makeshift suite that actually performed better than some lo-rated suites. The freeware suite lacks the optimal protection and rich features of the best suites, but it provides decent protection, is easy enough to use, and won't hog much of a computer's memory.
The latest issue of Consumer Reports also includes Ratings on 33 laptop and 16 desktop computers. The report also includes an extensive investigation into ID leaks, and why the government is one of the biggest culprits when it comes to exposing personal information. For more information on the State of the Net survey and the entire computer protection package, check out the September issue of Consumer Reports or visit www.ConsumerReports.org.
SEPTEMBER 2008
The material above is intended for legitimate news entities only; it may not be used for commercial or promotional purposes. Consumer Reports(R) is published by Consumers Union, an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. To achieve this mission, we test, inform, and protect. To maintain our independence and impartiality, CU accepts no outside advertising, no free test samples, and has no agenda other than the interests of consumers. CU supports itself through the sale of our information products and services, individual contributions, and a few noncommercial grants.
SOURCE Consumer Reports
http://www.ConsumerReports.org
Copyright (C) 2008 PR Newswire. All rights reserved
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No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.






