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Kevin Haley | January 28th, 2008
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It’s not very far into 2008 and sadly we are already seeing some of our predictions on the security trends of 2008come true. I blogged earlier that our security analyses expected to seeold style cybercrimes turn up in virtual worlds. While it’s not clearif any crime occurred, they did experience an old fashion run on banks.Unfortunately, unlike in the movie “It’s a Wonderful Life” there was noGeorge Bailey to stop the bank run.

There is a highly developed economy in Second Life and manybank-like businesses virtualized to handle people’s money. Like socialnetworks, virtual worlds create a sense of trust in their users. Sowhen offered interest rates as preposterously high as 40 percent, manySecond Lifers didn’t give it a Second Thought (apologies, that pun wasunavoidable). To Second Life’s credit they tried to get on top of...