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Web 2.0 security issues

Emmentaler (also known as Swiss Cheese), while...

Image via Wikipedia

Web 2.0 is causing an explosion stretching the boundaries of what web sites can do. And in the rush to add features, security seems to have become an afterthought, both for participants as well as developers. Web 2.0 as a gestalt is an emmenthaler cheese.

What are some of the threats?