Analysis Of Cybercrime

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At the beginning of the semester, my policy was seeking to stop the repeal of Net Neutrality laws, in other words, stop government from allowing big telecom businesses from giving network speed priority to services they provide or approve of while in effect slowing down competing services. While I think net neutrality is extremely important, the current administration wants to remove the laws put into place in 2015, not strengthen them so ultimately I thought it would be better to look somewhere where not as much legislation has been put into place, and thus I decided to focus my efforts on data breach disclosure and reporting. For the last 15 years, cybercrime has grown dramatically with the continued advancements in technology and is now…show more content…
At the federal level, it would be the minimum for all states, but those states could raise the bar and implement a more robust law if they thought the federal law was not strong enough. In the end, a policy like this needs to be implemented at the federal level. Nation States like China, North Korea, and Russia have become high profile hacking entities who can cause massive financial damage to other countries without ever leaving their borders. An example of this is the Sony hack of 2014. When Sony Pictures planned to release the movie The Interview, a satirical comedy about an assassination attempt on, the leader of North Korea, Kim-Jong Un, a group of hackers called Guardians of Peace, hacked Sony Pictures and retrieved company employee salaries, social security numbers, and emails. (Siboni) The hackers released a portion of this information claiming they had more and would release it unless the company pulled the movie from theaters. It was later found the Guardians of Peace were a North Korean sponsored hacking group. Attacks like this are becoming more and more common and include a broader range of targets eventually they could target companies with ransomware or sell users information on the dark web. The strongest argument I have in support of my policy solution is that cybercrime damage is estimated to cost 6 trillion dollars annually by 2021. Early disclosure of stolen data could lead to individuals taking action to prevent further
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