You are hereArchive - Feb 24, 2018
Archive - Feb 24, 2018
Cybercrime costs global economy $450billion/yr: CEO; ATM dispensing $100 bills instead of $5; Another mega database: Dr Ron Paul
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Cybercrime costs the global economy $450 billion: CEO
In 2016 "cybercrime cost the global economy over $450 billion, over 2 billion personal records were stolen and in the U.S. alone over 100 million Americans had their medical records stolen," said Steve Langan, chief executive at Hiscox Insurance, told CNBC.
"This is an epidemic of cybercrime, and yet 53 percent of businesses in the U.S., U.K. and Germany were just ill-prepared."
Another mega database? Dr. Ron Paul on E-Verification
E-Verify is a (currently) voluntary program where businesses check job applicants’ Social Security numbers and other Information — potentially including “biometric” identifiers like fingerprints — against information stored in a federal database to determine if the job applicants are legally in the United States.
Imagine how much time would be diverted from serving consumers and growing the economy if every US business had to comply with E-Verify. Also, collecting the relevant information and operating the mandatory E-Verify system will prove costly to taxpayers. read more »