Why You Should Know About ‘Ransomware’

I stood at the locked door of my family’s favorite neighborhood restaurant and peered in the window. How could it not be open on a Friday evening, I wondered. Then I saw the sign in the window, which explained it: The restaurant would remain closed all week because their computer system had fallen victim to a “ransomware” attack. Like many people, my daughters had never heard the term “ransomware” and had no idea what it meant. Unfortunately, for computer security …

Cybercrime Costs 508,000 U.S. Jobs

As many as 508,000 American jobs have been lost to cybercrime, the hacking of computer networks to find confidential information and disrupt service, a new report says.  Armed with stolen data, foreign companies are able to better compete in world markets against American companies, leading to job reductions in the United States. Service disruptions, lowered consumer trust and higher costs of computer security also drag the American companies down. Touted as the first-ever report that connects cybercrime to job loss, …