Cybercrime on a large scale is now possible thanks to new technology. Having access to new innovative technology, Colonial Pipeline CEO Joseph Blount paid over 4.4 billion dollars to cybercriminals to infiltrate his business to see the vulnerabilities of his company. The actions of unlocking his business with the hackers started the controversy over "should companies pay," which is a noble question that's been around for a long time. A more suitable debate people should be having is regarding the importance of technology in non-technical businesses. Nowadays, crime is running more online than in the streets, resembling the Wild West of the 1800s. In those days, many pioneers disobeyed laws and committed crimes such as theft, which is similar to now.
Technology has changed the game for people looking to steal. People were able to steal hundreds back then. However, now, people can steal millions when their level of expertise in hacking is high enough. People were under relentless intimidation from organized crime members at that time, and people are more under threat today online. Replace criminals carrying rifles with cybercriminals operating computers, and you have equal ends. Security is the modern police of the Wild West, and personal information generally serves as banks to cybercriminals. Ultimately, time tends to repeat itself, and if people don't learn from past mistakes, cybercriminals can take over the world through the internet. Citizens must wake up and recognize that they, too, deserve reliable, traditional trade and services from our government; otherwise, we will be continuing in a digital version of the Wild West.
https://www.techrepublic.com/article/is-it-really-the-wild-west-in-cybercrime-why-we-need-to-re-examine-our-approach-to-ransomware/
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