The Pros And Cons Of Phishing

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.

Individuals following these directions were then taken to a fake website, where the scammers got the pertinent log-in information.

First of all, phishing attack is a kind of social engineering, where the attacker try to find out your login name and password simply by requesting. They usually pretends to be an authority figure, such as banking system, with a sense of urgency (for example if you don’t send your password, your account could potentially be froze). It is like an impersonation and deceit.

There are many types of Cyber Crimes. The most common Cyber Crimes are: Hacking, Theft, Cyber Stalking, Identity Theft, Malicious Software and Child Soliciting and Abuse.

page) a person’s web browser to a webpage that is (phony and) malicious in nature,

Phishing is an attempt to acquire personal information by masquerading as a trustworthy entity through an electronic communication. [ Compl. ¶ 28, ECF No. 1.]

Dhamija, R., Tygar, J. D., & Hearst, M. (2006, April). Why phishing works. InProceedings of the SIGCHI conference on Human Factors in computing systems (pp. 581-590). ACM.

This is called phishing when interne users are deceived into divulging their personal information. Malware is when software is downloaded to your computer which collects and transmits personal information. Hacking is illegally accessing computer systems remotely United Nations Office Drugs and Crime). The internet allows people steal and transfer information without meeting or communicating with the person they steal it from. The United States is the leading source of credit card numbers of underground markets. It is estimated that internet identity theft is 1 billion dollars a year.

In legal terms, phishing is an attempt to acquire personal information by masquerading as a trustworthy entity through an electronic communication. First Anti-Phishing Act was drafted in 2005 to regulate phishing attacks, which did not passed. However it

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

In recent years, the Internet has become an appealing place for criminals to obtain identifying data, such as passwords or even banking information (Borrus). In their haste to explore the exciting features of the Internet, many people respond to "spam" ¬ unsolicited E-mail ¬ that promises them some benefit but requests identifying data, without realizing that in many cases, the requester has no intention of keeping his promise. In some cases, criminals reportedly have used computer technology to obtain large amounts of personal data. With enough identifying information about an individual, a criminal can take over that individual's identity to conduct a wide range of crimes: for example, false applications for loans and credit cards, fraudulent withdrawals from bank accounts, fraudulent use of telephone calling cards, or obtaining other goods or privileges which the criminal might be denied if he were to use his real

Over the past few years the internet has become a tempting place for criminals to acquire identifying information, such as passwords and banking data. In criminal’s haste to explore the exciting features of the internet, many people respond to “spam” unsolicited emails that promise them benefits, but request identifying information, without recognizing that in many situations, the requester has no intention of keeping their promise. In some situations, criminals reportedly have exploited computer technology to acquire large amounts of personal information. With enough identifying data about an individual, a criminal can take over that individual’s identity to conduct a wide range of crimes: for example, false applications for loans, credit cards, fraudulent withdrawals from bank accounts, acquiring other goods, or privileges which the criminal might deny if they were to use their real name. If the criminal takes steps to ensure that bills for the falsely acquired credit cards, or bank statements showing the unauthorized withdrawals are sent to another address other than the victims, the victim may not become aware of what’s happening until the criminal has already inflicted substantial damage on the victim’s assets, credit and reputation (Identity Theft).

The increasing volume and sophistication of cyber security threats including targeted data theft, phishing scams and other online vulnerabilities demand that we remain vigilant about securing our systems and information.

With the beginning of internet, various online attacks have been increased and among them, the most popular attack is phishing. Phishing is an online security attack where the hacker targets in achieving sensitive information like passwords, credit card information etc. from the users by making them to believe what they see is what it is. It is the combination of social engineering and technical methods to convince the user to reveal their personal data. The paper discusses about the Phishing social engineering attack theoretically and their issues in the life of human Beings. At the same time this paper also provides different techniques to detect these attacks so that they can be easily dealt with in case one of them occurs. The paper gives a thorough survey of various Phishing attacks along with their preventive measures.

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).