There are many organized groups of hackers that are going to be engaged in trying and accomplishing to stealing massive number of identity and credit cards for fraud globally. Cyber hacks focus on manipulating digital data in order to operate their nefarious way to steal information, gather money or many other purposes. This threat made by cyber attacks is with the purpose of stealing information such as social security numbers, birthdays, addresses, and driver's license numbers which would leave individuals as a suitable target for identity theft. Equifax one of the largest credit card reporting agency which company was who was affected by the hackers, they establish that 143 million of credit card users were exposed to a cyber hack threat …show more content…
But wasting time in informing customers puts their customers at a highest risk from any threats while these companies choses to avoid consequences. This scenarios give us an illustration of how companies can easily prioritize their bottom line over customers. This kind of threat involves financial security and privacy, it’s unsafe when personal information data becomes digitally accessible. This decision in delaying to tell customers about being hacked with their personal information it’s consider by company self interest. But also there are reasons why companies choose to wait before informing customers through media. In some cases they are cooperating with law enforcement agencies who don’t want to sabotage their investigation into the source of the hack which make this kind of threat some source of classified information. Companies also might not be aware the damage cause by hackers, requiring time to investigate before letting users know. Because our society knows the importance of our personal information and what others can do with it. This companies and cybersecurity experts are not trying to drive people on panic. In the other hand, companies know that they would loose popularity and business which lead them in a scenario that they take time to inform costumers. Not giving costumers enough time to defend themselves leave us in a …show more content…
My references for this opinion is that, by hacking credit card companies. Our personal information, saving and business are on risk. This should never be tolerated and needs more attention than it has being giving. Companies should have more protocol and security so hackers cannot brake into their systems. Personal information should be safeguarded. Cyber crime tends to be more serious than real life crime, for the sole reason that it usually affects millions of web users at once for example the Equifax case were millions of personal information was hacked, as compared to perhaps one bank or store in a real life robbery Cyber hacks tends to be more serious because in many cases you can’t call a police officer at the moment. Hackers could be stealing money from your bank account and you won’t even realize it. Not all people are victims to cyber crimes, but they are still at risk. As difference of a theft that tries to robber you with caring a gun, hacker could live away from its victim, and they wouldn’t even know they were being hacked. Crimes done behind the computer are the now-a-days problem. With the technology increasing, criminals don’t have to rob banks, they don’t have to be outside in order to commit a theft crime. They have everything they need on a computer. It’s unlike impossible to prevent someone from stealing the information stored in a database. But you
All the tools we have are awful’” (147). That is the problem with digital security. The average stereotypical lazy American does not want to be inconvenienced, which is why the government can access almost anything we put online. Our online lives are like an elementary school girl’s diary that doesn’t have a key and is hidden under her pillow, which is not secretive at all.
There exact report on cyber crime is. “Our vision is a cyberspace that supports secure and resilient infrastructure, that enables innovation and prosperity, and that protects privacy and other civil liberties by design. It is one in which we can use cyberspace with confidence to advance our economic interests and maintain national security under all conditions”. Quadrennial Homeland Security Review Report 2010 This is important because being able to have trust in storing are personal data online is crucial.
In similar, there is a house that has been ransacked and that might be a price that the person would have to pay for the neglect of observing the standards of all security measures. For the ones that are careless of protecting their information that is personal and that is highly susceptible to identity
Now focusing on cyber security and communication security which are the following parts that make up the national security. Each one of these parts are responsible for a specific function. Cybercrime is attacking the information systems, sometimes identity theft, but in some cases fraud. By providing insight into causes of cybercrime, its participants their motivations, then we identify some of the major issues dealing with these crimes. With cybercrime being nondiscriminatory, also dramatically increase.
Same Breach Script? - BankInfoSecurity," n.d.) Once detected, it was too late, the installed malware allowed the hackers to steal information on over 56 million credit and debit cards. The stolen information included names, credit card numbers and expiration dates. Additionally, over 53 million
One improvement was enhanced encryption measure at the time of purchase to assure customers that their cards transactions where protected. They are also transitioning to EMV Chip-and-Pin technology and eventually eliminate the strip on the back of the cards. The breach did not affect me thus far, so legally I have no intentions to pursue and recoupments. However, if my account is compromised; I will seek legal assistance to protect my claim.
2.1.5. Cyber Crime According to Peter (2000, p56) the easy definition of cyber crime is crimes directed at a computer or a computer system. The nature of cyber crime, however, is far more complex. As we will see later, cyber crime can take the form of simple snooping into a computer system for which we have no authorization.
⅔ of households were hit with identity theft in 2013. (Minnick, 10) Cyber attacks come in many different forms and can be extremely hard to combat. Letters sent through email can be dangerous as well, containing tricks and scams to steal the user’s information. Equally dangerous, when identity theft occurs it can be hard to get rid of. Some cyber attacks seem simple, however the most effective are always the cleverest.
Identity theft is a problem. It is the act of stealing one’s information, such as credit card numbers. It can go beyond credit cards, however. Criminals can steal social security numbers, medical information, information on taxes, and others. Identity theft is one of the problems in America.
Hackers continue to attack web-based applications as they often get direct access to back-end data such as customer databases. Recent high-profile attacks have included Yahoo, TalkTalk, Sony Pictures among many others. The nature of cyber attacks is also changing as criminals target not only financial data but personal data as well for use in identity theft and confidential intelligence to carry out cyber espionage.
Impacts of Identity theft on Individuals or organizations Financial problems: Identity theft creates financial problems for both organizations and individuals. When cyber criminals acquire a victim's financial information, they can steal money from his account or take loans in his name. This can cause the victim a lot of financial problems. Identity thieves also use Social Security numbers to steal from institutions such as the government. Legal problems: Legal issues can also ensue as a result of identity theft.
It’s important for current & future customers/clients to know exactly what they’re getting into anytime they’re looking to do business. In a 2017 article provided by Rebecca Lake titled 23 Frightening Credit Card Statistics, she points out a list of these statistics which will discuss credit & debit card fraud, & identity theft: • 46% of Americans fell victim to credit card fraud at some point within the last 5 years. • Only 21% experience debit card fraud. • 47% of these matters occur right here in the U.S (a report from Barclays). • Almost 60% of data braches had something to do with identity theft.
It seems as if there are many days where news of a large organization displays that they have suffered a massive data breach due to the criminal minds and activity of many hackers. Many large companies like Apple, Microsoft, Sony, Staples, even the U.S. Postal Service, and many more, whether the company runs a fast-food restaurant chain, entertainment, clothing, electronics, sells products of any category, they all have history of being targeted and hacked, which resulted in millions of people having their social security numbers, credit card numbers, personal information, and more. While some companies have reported they’ve managed to revert the issues and set out statements, a couple of companies are still investigating how they’ve possibly gotten a security breach. One article stating that the Atlanta-based chain-restaurant, Chick-fil-A, is investigating reports of a major credit card breach. The company claims they’ve received reports from their payment industry contracts in late December, and released information that a bank listed nearly 9,000 customer cards that were sent to a number of financial institutions about a breach of an unknown retail that lasted from the beginning of December of 2013, to the end of September 2014.
These technological services help us to make our lives a little more pleasant and easier. However, same as their advantages, these technologies possesses a great number of disadvantages. The more advanced society becomes technologically, the more people begin to depend on computers and other forms of technologies for everyday lives. Anyone from anywhere can get access to our private information.
Becoming the victim of cybercrime can have long-lasting effects on your life. One common technique scammers employ is phishing, sending false emails purporting to come from a bank or other financial institution requesting personal information. If you hand over this information, it can allow the criminal to access your bank and credit accounts, as well as open new accounts and destroy your credit rating. According to EWeek (2012) a survey of large companies found an average expenditure of $8.9 million per year on cyber security, with 100 percent of firms surveyed reporting at least one malware incident in the preceding 12 months and 71 percent reporting the hijacking of company computers