NFR Tech and Cyber Crime

Non-fishing related
SurfnFish

SurfnFish

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There is a tendency to accept tech into our daily lives, know that they make a shit ton of money, their workers paid stupid money...here's the actual numbers: 2021 annual revenues for Apple ($192 billion), Microsoft ($168 billion), Facebook ($117 billion), Alphabet ($76 billion), and Amazon ($33 billion) total approximately $586 billion—placing the joint income of just these five companies within the top 25 nations as measured by GDP.

And whereas we're aware of cybercrime, it's stunning how enormous it actually is:
  • In 2021, cybercrime inflicted more than $6 trillion in damages globally. If this were measured as a country, it’d be the world’s third largest economy behind the United States and China.
  • Cybercrime is now expected to grow 15 percent every year, reaching $10.5 trillion annually by 2025.
  • It’s estimated that a ransomware attack occurred every 11 seconds in 2021 and is expected to occur every two seconds by 2031, potentially costing more than $265 billion annually.
  • Within three years, crimes having to do with cryptocurrencies (“cryptocrimes”) are predicted to cost $30 billion globally, up from an original estimate of $17.5 billion last year.
  • Last year, cryptocrimes topped $7.7 billion, up 81 percent from 2020.
  • Digital ad fraud—when an attacker creates a fake ad that compromises a user or sends them to a compromised site—is also growing, with the ad industry reportedly losing $51 million per day. That number is expected to balloon to $100 billion annually in 2023.
  • In response to these trends, global cybersecurity spending will top $1.75 trillion cumulatively between 2021 and 2025—up $1 trillion cumulatively from 2017-2021.

I
 
SurfnFish said:
There is a tendency to accept tech into our daily lives, know that they make a shit ton of money, their workers paid stupid money...here's the actual numbers: 2021 annual revenues for Apple ($192 billion), Microsoft ($168 billion), Facebook ($117 billion), Alphabet ($76 billion), and Amazon ($33 billion) total approximately $586 billion—placing the joint income of just these five companies within the top 25 nations as measured by GDP.

And whereas we're aware of cybercrime, it's stunning how enormous it actually is:
  • In 2021, cybercrime inflicted more than $6 trillion in damages globally. If this were measured as a country, it’d be the world’s third largest economy behind the United States and China.
  • Cybercrime is now expected to grow 15 percent every year, reaching $10.5 trillion annually by 2025.
  • It’s estimated that a ransomware attack occurred every 11 seconds in 2021 and is expected to occur every two seconds by 2031, potentially costing more than $265 billion annually.
  • Within three years, crimes having to do with cryptocurrencies (“cryptocrimes”) are predicted to cost $30 billion globally, up from an original estimate of $17.5 billion last year.
  • Last year, cryptocrimes topped $7.7 billion, up 81 percent from 2020.
  • Digital ad fraud—when an attacker creates a fake ad that compromises a user or sends them to a compromised site—is also growing, with the ad industry reportedly losing $51 million per day. That number is expected to balloon to $100 billion annually in 2023.
  • In response to these trends, global cybersecurity spending will top $1.75 trillion cumulatively between 2021 and 2025—up $1 trillion cumulatively from 2017-2021.

I
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Even the routine end-user costs of preventing network penetrations are substantial. Now recently retired, but at my previous employer if you looked at some hardcopy paperwork, took a phone call, or were otherwise not working on your computer for even a few moments the system would lock you out and require re-logging in (which took a considerable period of time). None of the timeout settings could be altered at the work station computer; it was system-wide. Multiply those non-productive intervals by our network's hundreds of computers (and throw in the many mandated shutdown/restarts for security upgrade patches) and you've got a huge number of manhours just sitting there waiting in front of a monitor.
 
When I joined VeriSign in 2001 as their global faciliies director, my first project was the build of their flagship data center in Mountain View, which carries top level doman traffic for .com/.net, and provides firewall protection for many of the Fortune 500 companies....coupla factoids.
-when the data center first opened, we had 10 million domain name searchs a day. It's currently 48 billion a day.
-firewall incursions from outside players were around 15,000 a day. It's currently in the millions a day.

Personally miss the days where we actually went to a library to do research, and all of our conversatoins were face to face...families talked at the dinner table, instead of heads bowed over their phones and tablets....color me old school
 
SurfnFish said:
Personally miss the days where we actually went to a library to do research, and all of our conversatoins were face to face...families talked at the dinner table, instead of heads bowed over their phones and tablets....color me old school
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Ehhh, even some of us "new school" types prefer aspects of that lifestyle, too. I only use forums like this, and a messenger service for talking to people I otherwise won't have real world interactions with on a regular basis. For my local friends and family, it's all old school. You have to make an effort to reach out to me or come see me, or vice versa. I prefer it that way.
 
Covid made it easier to retire; while very few of my coworkers had positions that could be done remotely, we still had to meet virtually, often with coworkers sitting in their offices in same facility. Work became increasingly sterile.

Virtual meetings (hundreds of which I participated in during the pandemic) are no substitute for face-to-face interaction. Even many of the 'new school' managers who were insistent that face-to-face meetings were the way of the future and would negate the need of FTF meetings began to change their tune after two years of isolation. Many of the new employees had never even met their coworkers in a real world environment two years after hire...and it showed in their lack of engagement (through no fault of their own). Virtual simply does not facilitate teamwork development (despite what MS Teams would have you believe!).

Just as participation in this forum doesn't compare to actually fishing with other participants or friends, the virtual world is a pale shadow of reality.
 
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krusty said:
Covid made it easier to retire; while very few of my coworkers had positions that could be done remotely, we still had to meet virtually, often with coworkers sitting in their offices in same facility. Work became increasingly sterile.

Virtual meetings (hundreds of which I participated in during the pandemic) are no substitute for face-to-face interaction. Even many of the 'new school' managers who were insistent that face-to-face meetings were the way of the future and would negate the need of FTF meetings began to change their tune after two years of isolation. Many of the new employees had never even met their coworkers in a real world environment two years after hire...and it showed in their lack of engagement (through no fault of their own). Virtual simply does not facilitate teamwork development (despite what MS Team would have you believe!).

Just as participation in this forum doesn't compare to actually fishing with other participants or friends, the virtual world is a pale shadow of reality.
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I think virtual has been shown to be a good tool to have in the box, but it's just a tool. Relying solely on that is like building a house with just a hammer.
 
SurfnFish said:
....................................................
  • Cybercrime is now expected to grow 15 percent every year, reaching $10.5 trillion annually by 2025............................

I
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Any ETF's out there providing opportunities to take advantage of this growth?
 
When the US Gov't and companies like Microsoft and VeriSign get hacked, it just demonstrates what is going to happen more in the future. The hackers are far more nimble and creative than many companies. Hackers have been and continue to be hired by companies to break into networks, servers, apps, etc. Collaborations among companies has increased to improve security and find hackers. IMHO it has been in more of a reactive mode to something that is happening and not as much as a proactive mode to prevent it from happening. I am sure proactive efforts have been underway and will continue - just wish it would happen quicker since it is one of the new warfronts being discussed daily...
 
When I was working at VeriSign, our Chief of Digital Security bet the CEO of the company a dinner that no matter what the CEO did...VPN, random password generator, etc...he could hack into his personal email within half an hour....took him less.
 
Another retirement perk; for many years I had to carry two smartphones...one for personal use and the other issued exclusively for employer business purposes (usually a top of the line iPhone). Mixing the two uses was a fireable offense except in emergency circumstances. Smartphones, of course, may facilitate penetrations into corporate computer networks. Thumbdrive use was also absolutely forbidden.
 
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krusty said:
Another retirement perk; for many years I had to carry two smartphones...one for personal use and the other issued exclusively for employer business purposes (usually a top of the line iPhone). Mixing the two uses was a fireable offense except in emergency circumstances. Smartphones, of course, may facilitate penetrations into corporate computer networks. Thumbdrive use was also absolutely forbidden.
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I do not miss those days at all. Business phone was on AT&T. Personal phone was on Verizon. Always on call. When on vacation in MT, AT&T had little to no service (heaven). The company found out and switched my business phone to Verizon. GRRRR...
 
RCF said:
I do not miss those days at all. Business phone was on AT&T. Personal phone was on Verizon. Always on call. When on vacation in MT, AT&T had little to no service (heaven). The company found out and switched my business phone to Verizon. GRRRR...
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Both of mine were on Verizon....best coverage to keep you 'on the leash'. 😃

I never provided my employer with access to my satellite communicator.
 
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yep, Verizon from the start,,,,,still using the same cell phone number from when cell phones were too big to fit in a pocket and had antennas...lol
 
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