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December 05, 2008

We lost a half million jobs last month, unemployment at 6.7% - what does this mean for security?

Unemployment and the Great Depression

Image by JPhilipson via Flickr

My jaw hit the ground today reading this NY Times report on last months labor statistics. We lost over 500,000 jobs last month!  Unemployment is at 6.7% and that is a bogus number. The Labor Department says over 400,000 people "left" the job force, meaning they gave up trying to find a job.  Adding those 400,000 in would put us over 7%. There is every indication that this will be the longest economic downturn since the Great Depression. 

So what does this mean for information security?  Desperate times call for desperate measures. I think vigilance against internal incidents by desperate employees will be a big problem.  There will be many people looking to make a quick buck.  Stupid phishing scams and other types of scams will be more prevalent than ever. In this age of information technology, smart scammers will use the technology to assist them in their scams.  We need to be more on guard and wary of this type threat.  Of course we will probably have to do it with less resources and more responsibility.  All in all, it looks like rough sailing ahead on many fronts.

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