Cause And Effect Essay On Cybercrime

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The reason to why have I chosen this issue is because cybercrime is an arising issue in Pakistan and I am acquainted to individuals who have been made victims of cybercrime. Terms such as Internet fraud, cyberbullying, hacking, identity theft etc. all come under the world of ‘Cybercrime’. The damages caused by cybercrime vary depending on the type of crime committed. Damages caused by cybercrime can affect a person both psychologically and economically. A person commits cybercrime either by being motivated economically, personally or ideologically. As the amount of personal information being stored online increases, so do the potential reward for cybercriminals. By the use of technology, criminals can easily hide their identities, commit their heinous acts and not get caught for it. ‘As of 2017, there has been a 22.7% increase in the cost of cyber security’.
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Consequently, cybercrime is reported to be the world’s most dangerous criminal threat. One of the most harmful cybercrime is identity theft. As bad as it sounds, identity theft is one of the fastest growing crimes in the United States and it costs people billions of dollars every year or so. According to the US Federal Trade Commission (FTC):
Around 245,000 …show more content…

It can ruin a person emotionally and can change the personality of the person. A woman named Laura Shin was made victim to identity theft in February 2013. She got a call from a major credit card company which she cross-checked, and sure enough, it was the number of the company’s fraud department. They claimed that an individual had recently tried to obtain a credit card using her address, name and Social Security number and they asked that if she had requested to sign up for a card to which she replied that she had not done so. Though they said that they will deactivate the card, they still sent the card to the fraudsters address. She said that it felt like as if someone had taken over her

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