New directions in online fraud

The security of a system can be seen as a chain of protection methods, and the global level is just as strong as its weakest link. From this point of view, cryptography is no more than other link in the chain. And most of the times, it is probably the strongest link, but there are many others weak links which decrease the security level until unacceptable level for carrying out electronic commerce. In last term, exclusively technical protection methods seem not be able to completely resolve the situation. The focus should be changed towards trying to increase the resistance of the system, instead of its invulnerability that, in any case, can not be completely achieved in general purpose operating systems.