Are Computer Viruses A Threat To Our Economy?

Cybersecurity. Image credit: typographyimages via Pixabay, CC0 Public Domain

It’s hard to remember a time when we weren’t always connected to technology. While having an instant and fast connection to the Internet, whenever we want it, is a definite convenience but we’ve also become dangerously dependent on staying connected.

In our homes, we use voice command systems to operate household items and reorder groceries. In the car, we rely on a connection to use GPS and even some of our top-of-the-line safety devices. Many of us work in companies that all but shut down when the Internet connection is temporarily down or a computer is out of service.

So, what happens when a major computer virus strikes and most of us affected? You may remember the malicious software, WannaCry, that spread quickly throughout the Internet earlier this year.

Britain’s National Health Service (NHS), Spain’s telecommunications company, Telefónica, the Chinese airline, Hainan, and the interior ministry in Russia were all affected by WannaCry within 48 hours. Although the issue was resolved quickly, WannaCry could have easily cost billions of dollars and even taken a few lives.

How Would A Computer Virus Impact You?

There are constant threats of computer viruses and even though many of us take the proper precautions to protect our computers, we are not immune to having our identity, money, and other personal information stolen.

A virus on a personal computer can have devastating consequences. How would a big and fast computer virus affect you personally and how much would it cost you? Today, the average identity theft victim spends about $500 and 30 hours trying to resolve the incident. This does not include the cost associated with possible legal issues and other costs.

If a virus strikes at work, it could cost your company millions of dollars, depending on the company. A huge loss could result in forced layoffs or cut costs that may benefit or affect you as the employee.

When it comes to an economic impact, a computer virus has the potential to affect everyone. It all depends on when and where the virus takes place. Since there are so many unknowns it’s impossible to determine how much it would cost but given other large-scale viruses, we can expect that it would cost billions of dollars.

Are You Protected?

Some of us are better at protecting our identities and computers than others. When you’re at home, shopping on your laptop or use your voice command system (such as Echo or Alexa) for a variety of tasks, you may forget how vulnerable you might be to malware and other computer viruses.

While most computers and other mobile devices come with antivirus software installed, you can’t always assume that it will work as well as it should. You might remember hearing about a security scare that occurred recently at Apple, which affected the “root” users on High Sierra software.

Protecting your computer with backup security is always a good idea and if you choose the right software it can be an affordable option for protecting yourself and your PC. Check out reviews like the TotalAV review to see if the software has all the things you need.

In addition to getting backup security, make sure that you perform updates on your computer when they are available and you continue to pay close attention to any news concerning technology and security.

As always, never share your password with others, make sure all of your passwords are different for every account you have, and change them if you suspect that your account has become compromised.

The best way to protect your computer is to try to stay a step ahead of hackers and viruses. While you never know when or if a virus will hit, preventative steps can save you a lot of trouble.

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