A shadow industry of fraud

Here’s why you should be even more scared of cybercrime and the rising cost of cybercrime prevention

You probably think that if you have the latest software on your computer and a strong IT department at work, you’re more or less safe from cyberattacks. Boy, are you wrong.

This myth is costing businesses a lot of money and causing people a lot of harm in lost data and privacy. You definitely should not rely only on software updates or the IT department to protect you from hackers. This episode of the Monster Under the Bed podcast lays out exactly what you need to do to stay as safe as possible.

In this episode you’ll find out:

·        Why each one of us must take responsibility for cybersecurity

·        Why an IT department can’t prevent hacking all the time

·        Why cybercrime is getting worse and what are the projected losses. (One of our experts calls it “a shadow industry that is really spending time trying to defraud people.”)

·        How adults and children can arm themselves for cyberattacks

·        What a 10-year-old does when his computer is hacked

At the European Investment Bank, the EU bank, we have all kinds of experts, including the cybercrime specialists in this episode. They challenge our assumptions, notions and prejudices about anything from climate to cybercrime and from healthcare to urbanisation.

The Monster Under the Bed podcast examines these myths. In each episode, we fight one imaginary monster under the bed and win the battle for a more sensible way of doing things.

So that you don’t miss any episodes, subscribe to Monster Under the Bed on your phone’s podcast app. You can do it in iTunes, Acast and many other podcast platforms as well.

Let us know if you can think of a monster we should expose on future episodes. Get in touch on Twitter @AllarTankler. If you’ve got something to say about cybercrime in particular, let me know @EIBChris.

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