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E-Commerce Grows 31 Percent
June 21, 2005

VeriSign, Inc. (, a provider of intelligent infrastructure services for the Internet and telecommunications networks, today released the latest edition of the VeriSign® Internet Security Intelligence Briefing (ISIB).  The latest briefing covers Internet usage, e-commerce and fraud trends during the period of January 1, 2005 to March 31, 2005, with a specific focus on phishing and pharming attacks.

Despite new and existing threats to networks, enterprises and users, Internet usage continues to grow at a rapid pace.  In the first few months of 2005, the strong demand for domain names continued, with new registrations for the .com generic top-level domain (gTLD) growing over 29 percent, and the .net gTLD growing 23 percent over 2004. 

Other interesting facts on Internet traffic include the following: In tracking more than 135,000 online merchant customers over the last 12 months, VeriSign observed that the number of e-commerce transactions has grown 31 percent. On a quarterly basis, the average e-commerce transaction value increased 4 percent, from $144 in Q4 2004 to $150 in Q1 2005.

The latest report outlines how cyber criminals, notably Phishing gangs, have begun employing more sophisticated tactics in response to anti-phishing countermeasures. 

On March 16, 2005, VeriSign detected an attack against DNS servers that was potentially an attempt to poison the DNS cache – one of the means to carry out a pharming attack.

This attack was indicated by a 300 percent up-tick in probes of DNS servers, and coincided with users of certain Web sites being redirected to a malicious Web site that distributed spyware and adware.

“Despite the threats, users across the globe are still using the Internet as an essential tool for business and personal use.  This is a continued reflection of the confidence merchants and users can have in online transactions when appropriate security protections are taken,” said Judy Lin, executive vice president and general manager, VeriSign Security Services.

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