There are a lot of different threats to the global economy out there. Civil unrest, wars, natural disasters, disease, and probably a few other things. One of the top threats recently identified by the World Economic Forum is cybersecurity, or rather the lack of it. That makes sense. We don’t say we live in the digital age for nothing. The whole world runs off of data and the various electronic devices that process, store, generate, and transmit it. If that data is not properly secured, it poses a threat to the very people generating it. There are certain companies and countries that are so entwined with the global economy, a successful cyberattack could cause a ripple effect that would affect people around the world across a variety of industries. Just imagine the damage that could be done if data centers used by Tyson or Oscar Meyer, or Monsanto were attacked. These companies affect a lot of the world’s food. Not to mention the militaries of the United States or China. If the computer networks for either country’s military were taken down, chaos would probably ensue.
If someone really wanted to cause economic chaos, they’d go after the stock exchanges. Over 80% of trades made these days are done by bots. A successful cyberattack could destroy the NYSE before people even knew what was happening.
On the individual level, your data is constantly getting sent out into the ether. Every app you download involves you giving up some kind of data that could be manipulated by nefarious actors, either for very particular ends or because they just enjoy messing with people’s lives. Just think about the facial recognition software on our phones. A company develops it, puts it on their phones, uses data from scanning your face to refine the algorithm and then goes and sells that algorithm to a foreign country or a company so they can use the new and improved facial recognition for their own ends, whatever they may be.
Cybersecurity has also been made a much bigger issue thanks to COVID. Now, many people are working from home instead of going to the office. That means individuals are doing potentially sensitive work and sharing it through their home networks, which are very likely not as secure as what they had at work. The potential for industrial espionage is massive. Files once centralized at work are now vulnerable to exploitation from malware the kids might accidentally download on their tablet, or to potentially lax security on the part of whatever cloud services are being used.
Fortunately, for many people, this is largely common sense. Lots of people now know at least at a surface level the kinds of dangers that exist online. Lots of people know about the dangers of malware, the need for a decent password (password is not a good password by the way) and even for a VPN to protect your IP address, making you much more difficult to track through the internet.
Many companies are fully aware of the dangers as well. If you want to really see someone serious about cybersecurity, take a look at the financial institutions. Their firewalls have firewalls.
There is something that both individuals and corporations can do to keep their data secure. They can sign up with TARTLE. In doing so, they can sync their social media and other accounts with us, funneling your data through our VPN so it doesn’t just go to any number of third parties. We secure it and protect it. That means our users get full control over their data and who to share it with and when, giving all your data an extra layer of protection in the process.
What’s your data worth? www.tartle.co