If cybercrime was a country, it would have the 13th highest GDP in the world. Attackers generate $1.5 trillion in annual profit, which is about equal to the GDP of Russia, according to a new study on the interconnected economy of cybercrime. . "Into the Web of Profit," among the first studies to explore the intricacies of revenue and profit in the world of cybercrime, was conducted by Dr. Michael McGuire, senior lecturer in Criminology at England's University of Surrey. Over nine months of study, he learned how the "economy" of cybercrime sustains itself and overlaps with the legitimate economy. . Cybercrime poses a significant threat to the global economy, causing $1.5 trillion in damages annually, affecting businesses and consumers alike with dire consequences. Cybercrime Economy, Digital Profit, Cybersecurity Insights. . LinuxSecurity.com Team
The government has revealed it will not terminate the internet connection of web users accused of illegal file-sharing. Under measures to tackle internet piracy set out in the Digital Economy Bill, and heavily backed by Lord Mandelson, a three-strikes rule would see those accused of illegal downloading issued with warning letters and emails. . Repeat offenders faced disconnection the web. In a response to a petition on the Number 10 website that called for the abandonment of "Lord Mandelson's plans to ban individuals from the internet based on their use of 'peer to peer' file sharing", the government said it "will not terminate the accounts of infringers". The link for this article located at Network World is no longer available. . Authorities clarify that there will be no shutdowns for those caught engaging in unauthorized downloads, even after previous initiatives.. Illegal Downloading, Internet Regulations, Piracy Enforcement. . Alex
A scrambling technique scripted by two Belgians has been chosen as the proposed US government standard to protect sensitive data and help spur the digital economy, the Commerce Department said Monday. The selection of the Rijndael (pronounced "Rhine-doll") . . . . A scrambling technique scripted by two Belgians has been chosen as the proposed US government standard to protect sensitive data and help spur the digital economy, the Commerce Department said Monday. The selection of the Rijndael (pronounced "Rhine-doll") data encryption formula capped a three-year worldwide competition among codecracking experts to replace the aging US benchmark. The link for this article located at ZDNet is no longer available. . The federal administration endorses the Advanced Encryption Standard (AES) to protect confidential information and boost progress in the digital marketplace.. Data Encryption, Rijndael Standard, Government Data Protection, Sensitive Data Scrambling. . LinuxSecurity.com Team
The enterprise of the future will need to have a flexible, general purpose infrastructure in order to survive in an economy increasingly defined by electronic commerce, according to Jamie Lewis, CEO of The Burton Group Corp. . . .. The enterprise of the future will need to have a flexible, general purpose infrastructure in order to survive in an economy increasingly defined by electronic commerce, according to Jamie Lewis, CEO of The Burton Group Corp. Lewis said enterprises that continue to have rigid infrastructures that are inwardly focused and built for application specific purposes will be big losers in the digital economy. The Burton Group's Catalyst Conference is a yearly conference put on by the Midvale, Utah-based consulting firm and dedicated to evaluating the evolution of enterprise network infrastructure, especially directories and security. This year it also features a track on network "plumbing" issues and telecom. The link for this article located at IT World is no longer available. . Organizations need to embrace adaptable frameworks to succeed in the changing digital landscape influenced by online trade.. Flexible Infrastructure, Digital Economy, Network Security, Enterprise Strategy, Telecom Issues. . Anthony Pell
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