Posts Tagged ‘hackers’

Obama Will Now Protect Us in Cyberspace, Too

May 29, 2009

President Obama can do it all.  He can fix the nation’s economy, bailout banks, prearrange bankruptcies for the automakers, and now he can protect us all from “cyberattacks” and the “epidemic of cybercrime.”  He is going to create a “cyberspace czar” to make sure we are all safe.  I say this is more needless government intervention that will not help anything at all, and will lead to a huge waste in taxpayer dollars.

All you have to do is look at the FDA and SEC.  These are two government agencies that are supposed to protect us who fail miserably.

The FDA is supposed to “keep our food safe” but they are always reacting too late.  With the last peanut salmonella scare, they forced the company in Georgia to issue a recall.  If they were supposed to be monitoring our food, shouldn’t they have caught that?  Only after people got sick did they react, and then it took a long time for them to track it back to the plant in Georgia.  What did they do to protect us?

The same goes for the SEC, who are supposed to protect investors from fraud and unethical business practices.  They had information on Bernie Madoff, that basically outlined the entire ponzi scheme, but they chose to ignore it.  They also were way behind on the Enron case, and definitely were absent when dot com companies were defrauding investors left and right.  What protecting did they do?  They talk tough about regulation and oversight, but then they miss a $64 billion ponzi scheme right under their nose.

Now the “cybersecurity czar” is supposed to protect us?  What a joke.  The last president didn’t even use email but now the White House is up to being able to monitor cybercrime?

First of all, most “cybercrime” is fraud that just happens to use the internet.  Check cashing scams and the “long lost relative in Nigeria” scams could happen anywhere.  Also, phishing schemes rely on user error, not hackers.  Unless the White House monitors every email and every click we make, they will not be able to protect the victims of these crimes.

Also, wouldn’t it make sense to leave this task up to the professionals?  There are multimillion dollar companies like Symantec, McAfee and Norton that already patrol cyberspace.  They keep our computers safe and secure.  They have the best people and are on the leading edge of the field.  What good is the government going to do competing against or marginalizing these companies?

When the government recruits their staff, they will lure workers away from these companies with high salaries, paid for by taxpayers.  This will lead to an artificial rise in the cost of labor because government is distorting the price.  This will only hurt the private companies who need to make money to survive.  Since the government can just keep printing money, they can be allowed to misallocate resources in this manner.

Instead of a czar, we need education so people know to update their computers and their virus software.  If they did not go to the phishing sites or be duped into a scheme, we’d be better off.  By creating the czar, we are saying the problems are too big to be solved and that they are just a fact of life, so we need to regulate them.  This is band-aid government at it’s best and it will just lead to a bigger waste of taxpayer money, and no benefit to society as a whole.

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