Held to ransom by the hackers – MoneyWeek

The cyber threat goes beyond hijacking computers. It’s about economics, politics, power and human psychology.

The “WannaCry” mass ransomware attack that disrupted the NHS and other organisations around the globe has refocused attention on the issue of cybersecurity; on the role of nation state actors (in this case the US National Security Agency, or NSA) in creating “exploits” that can fall into the wrong hands; and on the internet marketplaces where such exploits can be traded.

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Cyber-crime: WannaCry should make people treat cyber-crime seriously | The Economist

IN 1933 Britain’s parliament was considering the Banditry bill—the government’s response to a crime wave. The problem was that criminals were using a newfangled invention, the motor car, to carry out robberies faster than the police could respond. The bill’s proposed answer to these “smash-and-grab” raids was to create new powers to search cars and to construct road blocks.

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