Posts tagged "John Sileo"
USA Today recently opined that the venture capital flooding into the cyber security marketplace is justified. Unlike the dotcom boom and bust cycle of the late 90s, it says, the current spending on securing information capital is justified, as the Internet and corporate networks are in dire need of better protection. Without even a moment’s hiccough, this is undeniably true.
Take some recent cases in point: China hacking into the New York Times and Wall Street Journal, or the Syrian Electronic Army cracking into the Associated Press and 60 Minutes. If you’re looking for corporate examples, look no further than the $45 million stolen by cyber thieves via MasterCard pre-paid debit cards. Cyber security is the new darling of the Obama administration, the media and Sandhill Road because all three are finally learning how much they have to lose (or in the case of VCs, gain) by ignoring cyber security.
The free WiFi hotspot ritual is habitual. You head to your favorite café to get some work done “away from the office”. Justifying your $4 cup of 50 cent coffee with a Starbucks-approved rationalization (“I work so much more efficiently at my 3rd spot!”), you flip open your laptop, link to the free WiFi and get down to business. The caffeine primes your creativity, the bustling noise provides a canvass backdrop for your artful work and the hyper-convenient Internet access makes it easy for someone else (think organized criminal) to intercept everything you send through the air.
This Tweet disrupted the stock market as well as gold and oil prices: “Two explosions in the White House and Barack Obama is injured”.
Sending unwanted orders to the innocent is an old, online fraud scam that most of us are aware of. But there’s a difference between an unwanted $13 pizza and an unwanted $13,000 purchase.
Online fraud can hit you in some truly surprising ways. Take the alarming case of Ars Technica writer Ken Fisher, who does not live in the UK or own an eBay account, yet received a notice from eBay UK out of the blue, congratulating him for successfully bidding $13,000 for 500 LED lights. In an article describing his experience, Fisher expresses his concern that this could happen, and his further frustration that his attempts to get in touch with tech support proved fruitless. Fisher was unsure of the origin of the message and whether or not it meant he was having online privacy issues. In the end, he just ignored eBay.