Monthly Archives: October 2017

Lethal mix: NSA contractor hacked, Experian hacked puts FICO economy on the ropes?

“Debtor nation!”, have the economic watchdogs chided the U.S. for decades. This unvirtuous tumble into twenty plus trillion in debt has its own direct consequences. But I wonder if anyone has considered this: Could cybercrime leap to the top of the heap of ways to destabilize the U.S. currency?

Our economy seizes without a constant flow of spending – of borrowed money. This more or less puts credit scores once removed from this spending. The credit scores then serve as a sort of pricing system that determines how much borrowed money can get discharged into our economy. This affects GDP which determines how we look on the scene of global finance which affects the strength of the dollar compared to other world currencies and so on. So things being what they are, the signal fidelity of consumer borrowing capacity could be among the most precious reserves we have left. And with the compromise of Experian we are watching cybercrime threaten to do what might otherwise require full scale military invasion from a hostile nation.

But not to worry because we have people tasked with fighting this. People like those really smart folks at the NSA. They have even smarter folks helping them fight cybercrime like the contractor who recently let the Russians steal secret NSA information from his home computer. This news comes on the heels of a barely year-old report of Booze Allen employee Hal Martin who leaked seventy five percent of the NSA’s hacking tools from their elite security team Tailored Access Operations not to mention possibly the identities of American undercover agents.

Maybe this leaves you feeling a bit helpless. While it may be true that the virtual battlefield of nations may be beyond the pitchfork of an individual citizen’s vigilance, there is something you can do. Quietly between the headlines, a few hundred dollars at a time, cybercrime has been effecting a massive wealth transfer to enemy states and rogue factions around the world committed to carrying out or facilitating human atrocities and subverting liberty to the tune of six trillion dollars by 2021a)https://www.herjavecgroup.com/hackerpocalypse-cybercrime-report/. Every $300-$600 a U.S. citizen pays for a ransomware breach funds something with the collective potential to harm us though terrorist attacks and other means. Most of these ransoms are paid by small businesses. Thus cybercrime is ultimately economic terrorism. And we should treat it as a civic duty to fight it with affordable prevention.

A strong combination of endpoint protection and prevention through employee training is the best means available to stop this fleecing of American businesses. The most effective training is one that is always on and tests you and your employees for your awareness, rather wariness, of a would-be ransomware ruse that shows up in your email. Whether a legitimate looking vacation offer linked to malware sites or a sophisticated CATO (corporate account takeover) scheme you need evolving, always-on training to test you when you least expect it. Given that a ransomware breach could cost your business tens of thousands you could save your company or maybe even help save your country from eventual ruin.

 

 

References   [ + ]

a. https://www.herjavecgroup.com/hackerpocalypse-cybercrime-report/