Cybercrime threatens the money in your pocket

Cybercrime earned a huge profit in 2016. Larger than the national economy of 160 nations. This scale of criminal activity has an enormous impact on the pockets of both the ordinary person and corporations.

You might be surprised to learn that these criminal organisations operate with the same economic efficiency as legitimate business. They even have marketing and legal representation! Cyber criminal organisations behave just like legitimate business does. They just do it on the dark side of the web.

In this TED talk we see not only some of the background figures and operations, but also a potential solution.

Video… “Where is cybercrime really coming from?”

Where is cybercrime really coming from? [The TED page].

The leader on this TED talk says…

“Cybercrime netted a whopping $450 billion in profits last year, with 2 billion records lost or stolen worldwide. Security expert Caleb Barlow calls out the insufficiency of our current strategies to protect our data. His solution? We need to respond to cybercrime with the same collective effort as we apply to a health care crisis, sharing timely information on who is infected and how the disease is spreading. If we’re not sharing, he says, then we’re part of the problem.”