Cyber Crime Costs And Its Effects On The World Essay

Cybercrime has experienced significant progress during recent years, as its advance is directly proportional with the advance of technology. In spite of the fact that the authorities devise new and better strategies to fight cybercrime, the fact that the number of people online is constantly increasing means that cybercrimes occur even more frequently. Dishonest people who seek opportunities have discovered how the internet stands as a perfect environment for them to commit crimes by taking as little risks as possible. Computer fraud generates a series of benefits for the person committing it, as he or she can either profit financially from the enterprise or can simply alter files in order for his or her image to be positively affected. Identity theft is a major form of cybercrime and it is essential for society to acknowledge the gravity of the matter in order to be able to effectively fight against criminals using it.

As technology is used worldwide, it is in no way hard to get your hands on, or learn how to use computers etc. One of the most significant problems with cybercrime is it’s secretive nature; many protection devices which can be cracked will not pick up that they have been, therefore the majority of cybercrime will go unnoticed for a substantial amount of time. Combined with the world wide web, hackers can use the computers to gain information from any organisation around the world, penetrating even the most impenetrable organisations to get what they want, highlighting how technology has led to the process of globalization within the criminal world.

If there is nothing done about cyber hacking, money, and important resources will be stolen from innocent people trying to live a successful life. “Cyber-crime units exist within local, state, federal, and international law enforcement agencies. The Federal Bureau of Investigation (FBI) plays a critical role investigating crimes committed through the Internet” (Dingwell).

Hewes, J. A. (2016). Threat and Challenges of Cyber-Crime and the Response. SAM Advanced Management Journal (07497075), 81(2), 4-10.

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

Just in the last decade, there has been a 29% increase in crimes committed against residents and a 22% increase for business losses due to online crimes (Meyer). Another large issue with technology is that they monitor an individualś every move, for example, a phone company, AT&T, was monitoring their customers phones to be able to “use your individual Web browsing information, like the search terms you enter and the Web pages you visit, to tailor ads and offers to your interests” (Silverman 282). Although the increase in such crimes can potentially cause many issues and obstacles for an individual, they do not physically harm anyone. Such crimes as internet fraud and any other crime that can be committed online, are all fixable and can be prevented. There are security systems that can help protect against frauds and prevent any more from occurring, which makes this issue much less crucial to stop. It is also possible to contact police and bankers to stop this from occurring and they can help you regain all of your losses. The government also has the NSA, the National Security Agency, to monitor all internet movements, which helps stop many of these issues. New technology has helped prevent an immense amount of street crimes, that without the internet, would have only continued to rise, while millions of people would have continued to be murdered.

In the United States, local, state, and federal law enforcement agencies, including FBI, Department of Homeland Security, among others, have taken on roles to fight computer crimes and terrorism. The roles and responses of these law enforcement agencies concerning digital crime have created challenges that limit enforcement efforts against digital crime.

Times have changed what was known as organized crime has been replaced by Cybercrimes (Heists: Cybercrimes with Ben Hammersley). Cybercrimes have risen dramatically in recent years and have become a major issue the United States and company’s face today jeopardizing as well as threatening the critical infrastructure of America (Cyberwar Threat, 2005). Sadly, the status quo of cyber security is very unstable with the advancements and growth which has put most individuals and businesses into an enormous threat (Agustina, 2015).

At the beginning of the second millennium, an era of information society, based on the increasing use of computers, computer technology, information technology, making available "everything to everyone, everywhere and always" very urgent problem of improving the legislation in the fight against various kinds of offenses in this area, and first of all crimes. Currently, computer crime, has acquired an international dimension, is already receiving an adequate assessment of the international community, in particular, is reflected in a special Convention on Cybercrime, signed in 2001 in Budapest, representatives of 30 countries, members of the Council of Europe. The scale of a virtual crime using the internet in the US can be seen from the following

When you begin to examine how the internet and crime are related, you must first examine exactly what the internet is and how it works. The internet is a global system of computers and networks that are interconnected and service billions of users at any given time. This could be considered a cybercriminals’ playground. Because billions of computers are connected via a vast array of private and public networks including many government agencies, it is easy to see how a cybercriminal could obtain valuable information or unleash denial of service attacks that could cripple many of these systems.

The agencies employed by governments to police the web in order to protect the vulnerable have seen an increase in child pornography and online fraud. The speed at which information can be distributed and the number of people that can be reached attracts those that are intent on causing harm. The term “cybercrime” is becoming more widely used. The financial gains that can be made and the anonymity the internet can provide, make the virtual world of cyberspace a haven for criminals. Although the internet has huge benefits for information gathering and social networking, in the wrong hands it can cause harm to the vulnerable and criminals are able to vanish into the underground with the use of false identities that are hard to track online.

Cyber Crime is described as criminal activity committed via use of electronic communications with respect to cyber fraud or identity theft through phishing and spoofing. There are many other forms of cyber-crime also such as harassment, pornography etc. via use of information technology.

Since 2010 there have been over 13 major cyber attacks in the US, the FBI categorizes the severity of the attack based on what could possibly be at stake such as information on US citizens or hijacking of critical information . Cyber attacks are classified as crimes committed with the aid of a computer. Cyber crimes are considered felonies, however most people who commit the crimes can usually not be found. Recently there has been an uprising in cyber crimes, in the year 2017 alone 9 minor incidents have occured (minor attacks can consist of malware and internet “trolling” which is a form of cyberbullying) and 4 major crimes have been committed. Most crimes consist of identity theft, robbery, and hijacking private information. Recently programmers have been able to build security systems that can detect a threat almost immediately. With a growing expansion of technology protecting information gets harder day by day. Cyber security is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access.

In accordance with many decades of cyber evolution, a cybercrime is shown in different ranges of crimes, which depend on the spread of technology and law. From the introduction of computer in the 1960s to the rise of personal computer in 1980s, cybercrime began to appear. The crimes can vary from piracy of software to patent-related crimes. This caused a surge in the introduction of relevant legislation in many countries and international organizations involved. In late 1990s, when Internet and transnational crimes were born, the international community cooperated in many instances such as the passing of the UN General Assembly Resolution 45/121 in 1990 and the manual for the prevention and control of computer-related crimes issued in 1994. Despite all the

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).