On March 25th, Forbes posted an article called “Cybercrime: A Major Threat To Trust In The Digital Economy”. This article talks about companies around the world as a whole, and doesn’t focus on a specific company. Forbes is a biased, right-leaning news site that is biased with how they report articles, having reported false stories on climate change in the past. Forbes goes into their predictions of how much people will lose, which is about $5.2 trillion U.S. They then go into another topic — how much people do not care about protecting their companies. The article states that although 90% of bankers and insurers said that they believe a safer digital economy is a critical factor in how much further they grow, but only 25% of these same bankers and 30% of these same insurers are confident in their online security. Forbes then ends the article with their own suggestions of what companies could do to strengthen their online security, listing things like working together with other companies to “govern globally” when it comes to cyber security.
I think like the last article, that the fact that these huge nations and businesses losing so much money to these cyber criminals is an important thing, as you would think these first world countries, as well as these big businesses would have excellent cyber security, but when you look at the facts it really isn’t the case. This article seems to offer “strong solutions” but I do not believe these to be the case. Many companies are diverse, and don’t want to work with other companies, especially competition so Forbes is crazy if they think that 45508 different countries will work with each other to govern this global market that is the internet. Another weak strategy they have basically says in a more complicated way “make their digital security stronger”. They don’t actually offer any ways how they could do this, so I don’t believe this is an important point to mention, as they are not actually offering valid solutions. Although I see what they are trying to get across with the fact that most companies don’t have great cyber security, and that they need to improve it, I think that if they could come up with better examples, it would improve their credibility, as well as making their article actually useful, while still getting the point across that they want to get across.
Cybercrime Blog 