Yes, that's why I have multiple firewalls, with my IIS server on a completely different subnet. Obviously you have to be smart about it. Make sure you are up to date on security patches and reconfigure your firewall(s) frequently. I am knocking on wood right now, but as far as I can tell, I haven't been hacked yet.
You also have to realize that any of these sites that host these pages are also susceptible to attacks. They may have more money to spend on security, but their high profiles make them a juicier target for hackers.
J
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