Skip to main content

Does Fraud Threaten The Foundations Of The US Economy?

It sounds pretty scary. After all, you have a US Secret Service agent claiming that as online scams and frauds get more sophisticated, it could threaten the US economy. This might be a bit overblown, however. While it is clear that online scams are popular, and getting more sophisticated, it's still quite a leap to suggest that they're putting the entire economy at risk. In fact, if you look at how much money is being brought in by computer security people (or being invested in them) you might get the sense that all of this fearand uncertainty over online security threats is actually helping portions of the economy. Not to downplay the risks associated with sophisticated attacks on financial institutions, but it seems like this claim may be a bit overblown right now. [via Techdirt]

Comments

Popular posts from this blog

Mainframe to Mobile

Not one of us has a clue what the world will look like in five years’ time, yet we are all preparing for that future – As  computing power has become embedded in everything from our cars and our telephones to our financial markets, technological complexity has eclipsed our ability to comprehend it’s bigger picture impact on the shape of tomorrow.

Our intuition has been formed by a set of experiences and ideas about how things worked during a time when changes were incremental and somewhat predictable. In March 1953. there were only 53 kilobytes of high-speed RAM on the entire planet.

Today, more than 80 per cent of the value of FTSE 500* firms is ‘now dark matter’: the intangible secret recipe of success; the physical stuff companies own and their wages bill accounts for less than 20 per cent: a reversal of the pattern that once prevailed in the 1970s. Very soon, Everything at scale in this world will be managed by algorithms and data and there’s a need for effective platforms for ma…
A Christmas Tale

It’s pitch blackness in places along the sea wall this evening and I'm momentarily startled by a small dog with orange flashing yuletide antlers along the way. I’m the only person crazy enough to be running and I know the route well enough to negotiate it in the dark, part of my Christmas exercise regime and a good way of relieving stress.

Why stress you might ask. After all, it is Christmas Day.

True but I’ve just spent over two hours assembling the giant Playmobil ‘Pony Farm’ set when most other fathers should be asleep in front of the television.



I was warned that the Playmobil ‘Pirate Ship’ had driven some fathers to drink or suicide and now I understand why. If your eyesight isn’t perfect or if you’ve had a few drinks with your Christmas lunch then it’s a challenge best left until Boxing day but not an option if you happen to have a nine year old daughter who wants it ready to take horses by tea time.

Perhaps I should stick to technology but then, the instruc…

An Ockham of Gatwick

The 13th century theologian and philosopher, William of Ockham, who once lived in his small Surrey village, not so very far from what is today, the wide concrete expanse of Gatwick airport is a frequently referenced source of intellectual reason. His contribution to modern culture was Ockham’s Razor, which cautions us when problem solving, that “The explanation requiring the fewest assumptions is most likely to be correct;” sound advice which constantly proves to be true.

A week further-on since Britain’s second busiest airport was bought to a complete standstill by two or perhaps two hundred different drone sightings, it is perhaps time to revisit William of Ockham’s maxim, rather than be led astray by an increasingly bizarre narrative, one which has led Surrey police up several blind alleys with little or nothing in the way of measurable results.

 Exploring the possibilities with a little help in reasoning from our medieval friar, we appear to have a choice of two different account…