Tag Archives: cybercrime

Malicious AI

Post Syndicated from Bruce Schneier original https://www.schneier.com/blog/archives/2016/10/malicious_ai.html

It’s not hard to imagine the criminal possibilities of automation, autonomy, and artificial intelligence. But the imaginings are becoming mainstream — and the future isn’t too far off.

Along similar lines, computers are able to predict court verdicts. My guess is that the real use here isn’t to predict actual court verdicts, but for well-paid defense teams to test various defensive tactics.

The Culture of Cybersecurity

Post Syndicated from Bruce Schneier original https://www.schneier.com/blog/archives/2016/10/the_culture_of_.html

Interesting survey of the cybersecurity culture in Norway.

96% of all Norwegian are online, more than 90% embrace new technology, and 6 of 10 feel capable of judging what is safe to do online. Still cyber-crime costs Norway approximately 19 billion NKR annually. At the same time 73.9% argue that the Internet will not be safer even if their personal computer is secure. We have also found that a majority of Norwegians accepts that their online activities may be monitored by the authorities. But less than half the population believe the Police is capable of helping them if they are subject to cybercrime, and 4 of 10 sees cyber activists (e.g. Anonymous) play a role in the fight against cybercrime and cyberwar. 44% of the participants in this study say that they have refrained from using an online service after they have learned about threats or security incidents. This should obviously influence digitalization policy.

Lots of details in the report.

Cybercrime as a Tax on the Internet Economy

Post Syndicated from Bruce Schneier original https://www.schneier.com/blog/archives/2016/09/cybercrime_as_a_1.html

I was reading this 2014 McAfee report on the economic impact of cybercrime, and came across this interesting quote on how security is a tax on the Internet economy:

Another way to look at the opportunity cost of cybercrime is to see it as a share of the Internet economy. Studies estimate that the Internet economy annually generates between $2 trillion and $3 trillion,1 a share of the global economy that is expected to grow rapidly. If our estimates are right, cybercrime extracts between 15% and 20% of the value created by the Internet, a heavy tax on the potential for economic growth and job creation and a share of revenue that is significantly larger than any other transnational criminal activity.

Of course you can argue with the numbers, and there’s good reason to believe that the actual costs of cybercrime are much lower. And, of course, those costs are largely indirect costs. It’s not that cybercriminals are getting away with all that value; it’s largely spent on security products and services from companies like McAfee (and my own IBM Security).

In Liars and Outliers I talk about security as a tax on the honest.