It costs EUR 30 to fight off a cyber-attack for every EUR 1 spent by the hacker

Impetus

Leverage!


The story starts just before the 8’ point, if you don’t have time to watch the entire programme.


http://www.podtrac.com/pts/redirect.mp4/twit.cachefly.net/video/twiet/twiet0123/twiet0123_h264m_1280x720_1872.mp4

Khannie

Really gives wealthy attackers (possibly nations) quite an advantage.

_Jumper_

theconversation.com/hard-evidence-how-much-is-cybercrime-really-costing-us-34473

Impetus

Khannie wrote: »

Really gives wealthy attackers (possibly nations) quite an advantage.

Especially countries with a large population. China wins.

Meanwhile, one of the richest, largest population zones on the planet eg Europe, self-fragments itself with "Je suis Charlie" rants. While there is no excuse for the murder of 17 people, there is no excuse either for making fun of other peoples' religious beliefs. There are 742 million Europeans, intellectually and financially richer than anywhere else on the planet. Hobbled by a large number of incompetent politicians.

Switzerland's currency (CHF) jumped in value by 15% against the EUR last week because in that country's decisions are made by 8 million people - rather than a few hundred TDs - as is the case in the rest of Europe. Swiss industry and administrative efficiency outpaces anything in the rest of Europe. Aside from Monaco.

Semi-democracy does not work. Everybody has to be involved or a benign dictator controls things.

China has the power to destroy the internet. I don't believe it will. But that does not give the right to Tony Blair and George Bush to engage in fruitless 'boots on the ground" tactics here, there and everywhere, a la Iraq with a million people dead etc. Such actions will lead to reactive "cyber terrorism" and every other sort of "terrorism" - ie payback for nasty actions against various cultures, by people determined to enforce their culture on the rest of the planet.

Khannie

Impetus wrote: »

Meanwhile, one of the richest, largest population zones on the planet eg Europe, self-fragments itself with "Je suis Charlie" rants. While there is no excuse for the murder of 17 people, there is no excuse either for making fun of other peoples' religious beliefs. There are 742 million Europeans, intellectually and financially richer than anywhere else on the planet. Hobbled by a large number of incompetent politicians.

Not the forum for that kind of discussion tbh.

Blowfish

_Jumper_ wrote: »

theconversation.com/hard-evidence-how-much-is-cybercrime-really-costing-us-34473

Just had a look at that article, it really isn't particularly good to be honest. It seems to equate Cybercrime with 'stealing credit card numbers', when that's only one tiny part of it. The cost of losing Intellectual Property is far far greater, estimated at $300 billion per year in the US. This dwarfs the losses due to Credit Card fraud. As an example of how bad this can be, here's the 5 year share price for American Semiconductor Corporation and this is why.

Stopping stuff like IP theft is why the US government spends so much, not CC theft.

PrzemoF

"The cost of losing Intellectual Property is far far greater, estimated at $300 billion per year in the US." - that one always makes me laugh. It's based on assumption that everything that was copied would be otherwise legally purchased.

Blowfish

PrzemoF wrote: »

"The cost of losing Intellectual Property is far far greater, estimated at $300 billion per year in the US." - that one always makes me laugh. It's based on assumption that everything that was copied would be otherwise legally purchased.

It's definitely true in the case of music/films/media etc. that one loss of IP is not one loss of sale, but it's not talking about low level stuff like that, it's talking about high value IP, the loss of which can destroy businesses.

There's a reason that the likes of the petroleum industry is targeted so much, the R&D (e.g. finding spots that are likely to have oil fields) is stupidly expensive and the payoff for having that info is huge. The same applies to electronics/engineering, pharma and software industries.

Khannie

Not to mention defence. The payback would be enormous. Just look at the cost of developing the F35.

syklops

China has the power to destroy the internet. I don't believe it will. But that does not give the right to Tony Blair and George Bush to engage in fruitless 'boots on the ground" tactics here, there and everywhere, a la Iraq with a million people dead etc. Such actions will lead to reactive "cyber terrorism" and every other sort of "terrorism" - ie payback for nasty actions against various cultures, by people determined to enforce their culture on the rest of the planet.

Whats the milage like on that DeLorean?