Showing posts with label Economic Crisis. Show all posts
Showing posts with label Economic Crisis. Show all posts

Saturday, 6 June 2009

Global Economic Crisis


I don’t think that the topic of Economic Crisis needs an introduction. The one that happened, or rather got accepted and announced, just over six months ago affected nearly every one of us. People like me who were trying to get a foothold on the property ladder, found getting mortgages impossible; people already owning a home suffered from bad rates (unless you had a tracker), negative equity, even repossession. Coincidentally, organisations started major re-structuring and improvement of the overall org charts A.K.A. sacking. And job losses became another big hit of this crisis that turned global.

It didn’t take long for the why-it-all-happened programs to appear on TV, so at least now we have an official version of what went wrong. I don’t know exactly why the financial bubble burst, but I believe that there were plenty cyber criminals who used the situation to their advantage, worsening the effects of crisis further. I’m trying to describe one such possible scenario in the Snowflake. However, before I do, I want to ask for your opinion. Would you agree that serious computer crime doesn’t get enough coverage and that the real extent of cyber machinations is much greater than we are lead to believe?