Cyber Crime As A Key Risk For Regulated Firm

According to Dictionary.com (Cybercrime, n.d.), cybercrime is defined as “criminal activity or a crime that involves the Internet, computer system, or computer technology”. There are many kinds of cybercrimes, such as the spreading of computer viruses, cyberterrorism, and the stealing of someone’s identity. A computer virus is a piece of malicious programming code that is associated with an attachment. It causes a computer to act in such a way that can be detrimental for the user and is often times unnoticed. When the attachment is opened, it will spread to other computers, therefore infecting them as well (Reynolds, 2014, p. 89). Cyberterrorism is a threat made toward all types of organizations including emergency

The most up to date forms of web security cannot even keep up with the fraudulent ways of these criminals. Even though there are crimes that could be committed without the use of the internet, the internet provides these intelligent criminals with the information and tools to commit them with greater ease (Shinder). These criminals can acquire the information in a matter of mere seconds, leaving the internet user helpless and often unaware the attack even took place. Some cybercriminals are so talented, they commit these crimes out of “the sheer enjoyment in manipulating or "outsmarting" others” (Shinder). Governments all across the world may even seek out some of the world’s top cybercriminals to help them prevent from

new advances in the electronic technologies during the past decades have administered a new wealth of criminal activity. Software like Computer viruses, malware, software privacy, spam and etc. Technologically savvy artist replicate websites, so when a person's online activities occurs in a virtual world it can be compromised.Many times Cyber intrusions rely on human interaction and it often involves tricking people into breaking security procedures.

The internet has brought upon a new revolution of global interconnection where contacting someone on the other side of the world is just a click away, but with this international phenomenon comes an increased susceptibility with unfamiliar technology. Internet crime is compiled of all non-physical crime with the aid of a computer. Although broad in definition internet crimes are largely composed of acts such as cyber fraud, ‘phishing’ (username and password hacking), cyber stalking and hacking. Internet crime does not pose an overwhelming issue in society in terms of its

Hackers breaking into record data bases, utilizing malware to steal email, dumpster diving, and skimming data from various storage devices.

Cyber-Crime can be defined as the action of making an offence using computers, information technology and virtual reality that is punishable by law. Cyber-Crime can range from fraud, hacking, money laundering and theft, through to cyberstalking, cyberbullying, identity theft, child sexual exploitation and child grooming. The specific type of Cyber- Crime that will be explored sexting. Which can range from sending sexually explicit pictures and messages and also, others taking sexually explicit pictures of you.

The clear majority of communication and commerce conducted via the Internet is for lawful purposes, nevertheless, the Internet is increasingly utilized to foster fraudulent schemes. Moreover, such fraudulent scheme

This abundance of sensitive data offers criminals with an even more wide range of openings to profit from stolen information and I.P. (Intellectual property). Also, overseas governments and crime organizations have incorporated hacking as one of their effective criminal tools at their disposal.

As most people know, connecting computers and computer networks is inherently risky, however necessary it might be (Casey, 6). However, computer crime began in 1969, when university students burned the university’s computers in a protest (Casey, 35). In 1970, people were beginning to learn how to gain access to other computers, an act that was not illegal at the time (Casey, 35). As technology has changed, cybercriminals have adapted to it and they will continue to adapt as long as technology continues to change (Casey, 304).

This paper will explore five published articles and multiple other sources that report on the new transgression of the modern world, cyber crime. Within cyber crime we will be looking into a variety of specific types of online misconduct, beginning with Cyber bullying. We will also delve into Identity Theft, Online child sexual abuse material, and Sales and Investment Fraud. Along with looking into the wide array of different types of online crime, we will discuss different deterrents to try to avoid the risk of a cyber attack and tips to stop the malicious transfer of inappropriate materials. By the end of this paper I would like to call out on you as our reader to help provide a more safe and efficient cyber world.

One needs to understand that there are many different classifications of cybercrime.(Richards 69) The first classification is that when a computer is a target of the crime thus named a target cybercrime.(McCoy, 303) In our textbook McCoy states that the intent of a target cybercrime is “either to take information from the computer or to intentionally damage hardware, programs, or data files.”(McCoy, 303) Brenner focuses on hacking, malware, and Distributed Denial of Service attacks as the primary ways a target cybercrime is carried out.(Brenner, 49) Next, is the category of tool cybercrimes. These type of cybercrimes use a computer to commit a more traditional crime rather than the computer be the source of the crime.(Brenner, 73) This category of cybercrime can include any type of crime that can be aided by the use of a computer, but it most often includes fraud.(McCoy, 304) A tool cybercrime can affect property and persons.(Schell & Martin, 30) Cyber vandalism, viruses, and theft can all fall under the damage against property that can come from a tool cybercrime.(Schell & Brenner, 30) If a tool cybercrime is going to injure a person it is usually done through the means of cyberstalking or cyber pornography.(Schell & Martin, 30) Often times criminals will use the web to harass and abuse a person without having to physically put themselves near the victim, which, in the perpetrator’s mind, makes them less

Internet technology has bestowed upon society a new norm, one that brought about both social and economic benefits. Communication and informal relationships reached higher heights with persons connecting with distant and ‘long lost’ family and friends, through email and social media. Businesses themselves have also benefited from this technology. They saw their demographic expand overnight from local, to regional and international clientele. However in parallel to an increase in users using their fingers to communicate and do business online, so were Internet security threats on the rise. Internet users and governments face increased risks of being targets of cyber-attacks. The digital age have introduced a new type of criminal called, ‘cybercriminals’. A cybercriminal is a person or a group who focus on virtual theft of financial information, business espionage and accessing government information. The result of these activities has an open question: How are cybercriminals getting access to sensitive and private data? The answer is simple: Internet Security, lack of, unawareness and not following basic security protocols. Although companies are selling customers personal information to advertisers, internet users must be conscious of a website’s security when entering personal information online, because too many users fall victim to scams resulting in financial loss and identity theft. The significance of this research paper is educate

The internet is largely unregulated, therefore, those who are most familiar with it will dominate the virtual world. There is hope, although cybercrimes are committed via the internet, there is an operator

Hacking is one of the main forms of cybercrimes (McGuire and Dowling, 2013: 4). To best understand cyber hacking, it is necessary to first define cybercrime. Basically, the word “cybercrime” is a media invention, just as “cyberspace” (Jewkes, 2010). Cyberspace is deemed to be the imaginary space on the internet. Consequently, the crimes committed within this cyberspace are called “cybercrimes” (Yip, 2010: 21). Another connotation provided by Symantec refers to cybercrime as any crime done with the use of a computer, hardware or network device (Fossi, et al., 2008: 51). Wall (2008) further explained that cybercrimes are harmful and criminal activities characterised by the acquirement and manipulation of data for various motives or gains.

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).