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hass associates review articles Think the Internet Leads to Growth? Think Again Remember the year 2000 in the months after the Y2K bug had been crushed, when all appeared smooth sailing in the global economy? When the miracle of finding information online was so novel that The Onion ran an article, "Area Man Consults Internet Whenever Possible?" It was a time of confident predictions of an ongoing economic and political renaissance powered by information technology. Jack Welch-then the lauded chief executive officer of General Electric (GE)-had suggested the Internet was "the single most important event in the U.S. economy since the Industrial Revolution." The Group of Eight highly industrialized nations-at that point still relevant-met in Okinawa in 2000 and declared, "IT is fast becoming a vital engine of growth for the world economy. … Enormous opportunities are there to be seized by us all." In a 2000 report, then-President Bill Clinton's Council of Economic Advisers suggested (PDF), "Many economists now posit that we are entering a new, digital economy that could inaugurate an unprecedented period of sustainable, rapid growth." It hasn't quite worked out that way. Indeed, if the last 10 years have demonstrated anything, it's that for all the impact of a technology like the Internet, thinking that any new innovation will set us on a course of high growth is almost certainly wrong. That's in part because many of the studies purporting to show a relationship between the Internet and economic growth relied on shoddy data and dubious assumptions. In 1999 the Federal Reserve Bank of Cleveland released a study that concluded (PDF), "… the fraction of a country's population that has access to the Internet is, at least, correlated with factors that help to explain average growth performance." It did so by demonstrating a positive relationship between the number of Internet users in a country in 1999 with gross domestic product g

Nearly one-third of the world's computers could be infected with malware, suggests a report released last week by the Anti-Phishing Working Group. Malicious apps invaded 32.77 percent of the world's computers, a more than 4 percent jump from the previous quarter's 28.39 percent, the report estimates. The increase in infected computers has come hand-in-hand with a jump in the appearance of malware samples, said Luis Corrons, technical director of PandaLabs, the research arm of Panda Security, one of the sponsors of the APWG report. "The creation of malware samples is skyrocketing," Corrons told TechNewsWorld. "It has doubled from the last quarter to the first quarter of this year." In the last quarter of 2013, some 80,000 malware samples a day were discovered by Panda researchers. In the first quarter of 2014, that number jumped to 160,000. Hiding in Numbers By far, most of the new malware strains (71.85 percent) and malware infections (79.70 percent) are Trojans. Less than a quarter of new malware strains (22.70 percent) and malware infections (12.77 percent) are viruses and worms. "At the end of the day, malware is created to steal information," Carrons explained. "Trojans are the most suitable malware to do that." The primary motivation behind creating so many new malware strains is to avoid detection by antivirus programs. Those programs use signatures to identify malicious software. Since each new bad app strain contains a new signature, constantly introducing new strains extends the time a malicious app can remain virulent.