The problem with cyber crime
In an increasingly interconnected world fuelled by the expansion of digital technology, some of the most inventive minds in science are trying to make the digital domain secure. But the internet is a bad neighbourhood. Millions of cyber attacks take place around the world every day, costing the global economy an estimated $500 billion every year and compromising information security. In terms of GDP, that figure would make cyber crime the world’s 27th largest economy, between Taiwan and Norway.
Cyber attacks can range from relatively small data security breaches to more malicious pieces of code capable of something far more devastating. Stuxnet, a worm discovered in 2010, was exclusively designed to infect Siemens industrial controllers. Specifically, uranium enrichment facilities in Iran. The worm disrupted the operations of centrifuges in nuclear power plants, making them spin at uneven speeds and hiding it from operators. Cyber crime is big business, and in today’s digital world, a keyboard has become a weapon capable of mass destruction.