Tech support scams are nothing new, they have been around for years, in part because they are so easy and inexpensive. They are also shockingly effective, because they instantly create fear and offer resolution at the same time. Despite increased awareness in recent years, the scam is even more prevalent in 2018 then ever before. 86% of all tech support scams originate from West Africa or India. The support scammers make amazing money anyone’s standards. Averaging $1,000-$1,200 (USD) on an OK day, and up to $20,000 on a good day. The scam occurs when a criminal claims to be providing technical support in an effort to defraud unsuspecting internet users. Thousands of Americans have been exposed to the scam, which often appears as a pop-up ad with a number to call, that looks like a legitimate alert about a virus. In other cases, scammers contact people by phone or email, claiming they are from Microsoft, Apple or Google support. The scammer’s goal is to get people to call a toll-free number and virtually connect to the persons device. Once connected to the computer, they claim to discover a fake threat, at which point the tech support scammer starts pressuring the person to buy unnecessary repair services, service plans, potentially dangerous anti-virus protection or software, and other worthless and possibly harmful shit. If you’re online and get a pop-up window telling you to call a tech support number, don’t do it. If someone calls you and claims to be from Microsoft or any other company, don’t believe it. While these scams remain such a thriving industry in India, consumers in the US will be at risk. It’s more important than ever to be vigilant to such threats.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi): is a blanket term from mid 2019 for an ecosystem of financial applications that are built on blockchain. Traditional finance relies on institutions such as banks to act as intermediaries, Defi is an entirely new and independent of the current infrastructure.
Economic and IT experts agree, the majority of what today is considered “Fintech” was fueled by the financial crisis of 2008. Investment in Fintech jumped 5,600% from $1.2 billion in 2008 to more than $69 billion in 2019. The pandemic will likely prove to be the biggest shock the global economy has ever seen. The DeFi ecosystem appears to be gaining attention and maturing in times of hardship. Leading financial institutions like TD Ameritrade and even Visa are joining.
Understanding blockchain could be helpful for succeeding in the post-COVID-19 economy. Numerous job opportunities will be available for those with a fundamental understanding for crypto and blockchain technology. Blockchain enthusiasts, innovators, entrepreneurs and new employment are a positive for the industry and the world as a whole.
Kode with Klossy
As one of the world’s most in-demand super models, Karlie Kloss is known for walking on runways and appearing on magazine covers. However, she is much more than a pretty face. Kloss is a champion of empowering women to become professional developers. Her own journey with coding began six years ago, when she took her first coding class and learned the basics of Ruby on Rails. The next year, she started her coding camp called “Kode with Klossy”. The now 27 year-old launched her free camp in 2015 to teach coding skills to women aged 13 to 18. Today the camp has over 50 locations in 25 cities, where thousands of young women learn HTML, JavaScript, CSS, Ruby, game development and even Ai/ML basics. Kloss hand picks the candidates, designs the curriculum and selects the teachers; many of her graduates have gone on to study computer science at Ivy League universities. The summer camp is meant to encourage young ladies to pursue a field in which women are largely underrepresented. Most importantly, Kloss is doing something schools could never do: she’s making coding cool.
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