How Cybercrime Has Become An Important Concern For The Success Of International Businesses

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.

One such method is organizational data gathering which rather than assembling statistical data it aims to collect profiling information to increase the chance of arrest therefore providing more data (Hayes and Prenzler, 2008). In 2003-4 the Australian Competition and Consumer Commission (ACCC) received a total of 63,695 complaints and enquiries and of that amount 480 were investigated of which 22 were taken to court. Overall in 2003-4 police investigated only 0.7% of possible white-collar crimes (ACCC, 2004). As technology increases so does the complexity of white-collar crime therefore facilitating for a predicted rise in frequency. White-collar crime is the highest costing of all crimes and damages people both directly and indirectly through economic manipulation.

The internet has aided to criminal activity by providing an increased amount of anonymity for the criminal. They are able to commit crimes from long distances even from other countries. Most people feel protected because they are not physically near the person they are committing the crime against. Computer related crimes have become prevalent in recent years as many aspects of human life are consumed by

Cyber crimes, as defined by dictionary.com, are criminal activity or a crime that involves the internet, a computer system, or computer technology. Cyber Crimes may occur all over the globe, but the scene of the crime shares one common location, the internet. Law Enforcement has been tasked with bringing an end to this digital dilemma and they have started by going to war. The war on Cyber crimes is a term used to designate the efforts of Law Enforcement to go against these sly criminals. There are many different forms of these crimes, such as some come in forms of scams and others are ushered in by hackers. The shocking part is the statistics that come along with these crimes and the amount of money that

The creation go of the Internet has helped spawn new forms of criminals and crimes, and has always helped make older criminal schemes easier to execute, identity theft, child pornography, copyright violations, hacking and you could go on and on. In a 2003 survey conducted by the CSI with the participation of the San Francisco Federal Bureau of Investigation’s Computer Intrusion Squad, of the 530 respondents made up of U.S. corporations, government agencies, financial institutions, medical institutions and universities, 56% reported unauthorized use of their computer systems (2003 CSI/FBI Computer Crime and Security Survey).

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

Criminals have always been around, but cybercrime is something new. It has only been around since the 60s, but it has grown exponentially. Why? Is cybercrime somehow different? Criminals engage in cybercrime for the simple reason that it is easier than conventional crime, there are no witnesses, and they can make more money faster. Cybercrime investigators are few and far between, and there is little cooperation among different jurisdictions. Nevertheless, as technology advances, so does the number of people who see that cybersecurity is a growing field and is needed to maintain the integrity of commerce locally and globally.

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.

Electronic crime is also known as computer-related crimes, high-tech crimes or cybercrime. The term describes both crimes directed at computers or other carrier servers and crimes that use computers or networks to make the offence. These crimes are often driven by the intention to ruin one’s reputation, harm someone physically or mentally, and/or cause loss to the victim directly or indirectly for their own personal gain. Some examples of electronic crime include: phishing, copyright infringement, viruses, child pornography, child grooming, cyberterrorism, cyberbullying, defamation etc.

The basic idea of cybercrime can be explained by just one line “Cybercrimes are any crimes that involve a computer and a network.” It is not necessary that the computer is used in order to commit a crime, sometimes it can be target as well. These include crimes such as cyber-stalking, Identity theft, cyber trespass, cyber deceptions etc. In other words cybercrime can be defined as any illegal activity carried out using computer and the network as its means of communication.

Nowadays cyber crimes are increasing everyday with the development of technology and these crimes are unstoppable and the investigation of these cases take years if the evidence is not recorded correctly. Cyber crimes refers to the crimes where computers are involved but in this scenario computers would be a used for as a part of crime or they might be targeted. Net-wrongdoing alludes to criminal utilization of the Internet. Cyber crimes are characterized into two components and it can defined as offenses that bounds people or group of people with a criminal motive to purposefully effect the fame of the victim or cause any physical or mental harm to the person by utilizing current telecommunication systems such as Internet, messages, cell phones etc.,

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

In the era of omnipresent internet, machines provide grounds for committing internet fraud but can also be a channel to commit traditional crime and provide platform for criminals to support each other and build network.

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).

Cybercrime has become more globalized and professionalized in recent years. And now there is a networking of cybercriminals who acquire knowledge and tools to perform various cyber crimes and are now starting to make products and services for use by other criminals.