Mitigating Computer Fraud in the Online Environment

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.

An Internet crime can be a developmental scheme by the perpetrator, using different elements of the internet, and false representation to deprive a person's property or any interest (Kim et al., 2012). Although botched representation comes along, with the provision of misleading information or anonymity of data. In the recent years, there has been an increasing trust of consumers and businesses in the carrying out of particular actions. The amplifying usage comes along with the electronic communication during the act of major business rules. The increasingly rising internet crimes have come along with the global advancement that incorporates internet based conduct of business (Anderson et al., 2013). In the digital era the crime perpetrators, have absorbed the idea of shifting with times leading to the high number of the crimes. The reason that we cannot distinguish between the self additionally the risk trader comes in with internet crime given that a face-to-face communication and monitoring barrier. With that respect, the associated internet fraud has greatly affected by the general allowance, trust, and the usage. The paper will center on the effects attached to social cost, trust, and usage associated with internet fraud.

Most organizations with company data files must predict that it is possible that someone would possibly hack into their files and cause a potential data breach.

This case study, written in 2009 is not the only case where a major data breach has occurred within organizations. In the late 2011 Sony’s PlayStation Network (PSN) was breached impacting up to 77 million user’s accounts including data on names, address and possibly credit card details. In late 2013 Target had a cyber-attack that compromised a large quantity of its data and had 110 million accounts compromised. Finally in September 2014 Apple had their iCloud server breached by hacking that compromised all the users of the online server. These occurrences still have some unanswered questions and several experts have yet to decipher the actual reason as to why the security breach occurred.

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

Data breaches like these have serious implications for the business operations and could even lead to the collapse of the whole system, where the law is applicable the Company’s systems are put under supervision to make sure they meet the newest regulation for financial data protection and regular auditing to make sure the system is stable and secure.

This critique deliberates whether law firms have enough training and expertise to handle client data breaches. The essay asserts that although there is no concrete way to prevent data breaches, law firms need to take reasonable care in mitigating risk that may allow data breaches. This article offers an eight-step plan for law firms to lessen threats to client data. The discussion also recognizes that client data breaches are not limited to stationary desktop computers and laptops. In reality, client data breaches also occur through mobile devices. Therefore, law firms should also exercise reasonable care in safeguarding mobile devices as well as establishing a policy informing employees of steps to take if a mobile device is lost or stolen.

On an average of 2% a year, personal records are exposed from over 700 public breaches over all areas of the departmentalized sectors. Global cost per every lost or stolen record are on the average of over $100 containing secret and touchy information. There were 35% more security incidents detected within the last

In this day and age, the threat of identity theft for the common individual has increased drastically. With advancements in technology and the ever growing power of the internet, identity thieves can rob personal information from unsuspecting victims quickly and easily. Identity theft, though existing before the creation of the internet, has morphed into a particular type of cyber crime. Perpetrators engage in social engineering fraud to access the personal data, passwords, or financial information. Criminals betray unknowing victims trust through email, social networking sites, but also use malware to access information, or hack into emails or computers. Techniques range from the recovery of data from insecurely disposed

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.

As more companies have made use of technology and have been offering digital services, they have been facing the issue of data breaches which has negatively impacted their businesses. During recent years, data breaches have been high in number. Only in 2011 there were 535 breaches reported in the US, which involved 30.4 million sensitive records (Caldwell, 2012). In 2012, The New York State Electric & Gas Co. in Rochester, New York experienced a data breach involving 1.8 million files containing people’s personal information, such as social security numbers, and bank accounts. Utah Department of Technology Services also experienced an attack by hackers which exposed 780,000 patient files (Arma International, 2012). Important information

The news is filled with stories of major data breaches. It’s so commonplace now that it doesn’t raise alarm bells anymore, but it should. Media focus is generally on whose account has been breached and what they’re hiding rather than why the breach occurred. While scandals may be entertaining, there are valuable lessons we as lawyers can learn from these incidents.

Organizations, on the other hand, are prime targets for social engineering attacks. As technological changes moves at such a rapid rate, many companies, especially, small businesses struggle to keep pace, and policies and procedures are developed haphazardly, if at all. However, information security poses a great risk and must be addressed if organizations are to avoid a range of unpleasant side-effects and sometimes significant financial losses. A 2007 study conducted by the Ponemon Institute on security breach revealed that “average total cost per reporting company was more than $6.3 million per breach and ranged from $225,000 to almost 35 million”. Moreover, according to an article published in one of the leading Information Security Magazines “85% of organizations experienced a data breach in 2008” (Raymond.Al, 2009).

In the last decade it’s amazing how technology has advanced over the years and will continue to advance for many years to come. Every year there is a new cell phone from Apple or Samsung, with new features that make our lives more convenient. From faster software to higher picture quality and so on. I am unable to recall the last time I used a camera to take pictures or went to the bank to deposit a check. Technology advances every day and many can’t wait to see what’s next to come. But with new technology comes greater risk for violations of privacy. In the following research paper I will discuss the types of security breaches and the cost associated with these breaches that businesses around the world face on a daily basis.

In today’s world, we are all in some way connected to or involved with the internet. We all use different services that we feel either enrich our lives or make them more enjoyable every day, from email to FaceBook, MySpace, and e-commerce. We all take a sort of false comfort in the basic anonymity of the internet; however, when we think about it, that could end up being the single biggest risk to our own safety today. When we typically think of crimes committed against us, we could probably name several: mugging, theft, scams, murder, and rape. For these, things we all take as many necessary steps as we can to help lower the chances of them happening to us because they are on the forefront of our minds. However, most of us don’t take the