The Dangers Of Cyber Crime
Cyber Crime is the new face of crime per se. It’s at its cradle, and for that reason the niche is not supersaturated nor explored to its fullest.
It seems that the possibilities for potential criminal activities are endless, and the fact that the spectrum and efficiency of seizure methods are very much behind the vivid and restless growth of cyber criminal activity, should be a reason good enough to take any prevention measure possible.
Cyber crime
The danger of cyber crime lays in its anonymity. It is especially tempting to criminals because of the little risk involved comparing to the dimension of potential gain. The nature of it is volatile and its penetration is uncontrollable. There is lack of methods of capture. It requires little
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As technology increasingly permeates all facets of modern life, the risksposed by computer hackers has risen dramatically due to their ability to stealinformation, compromise sensitive networks, and establish launch points forfuture attacks (Brenner, 2008; Chu, Holt, and Ahn, 2010; Computer SecurityInstitute, 2011; Denning, 2011; Holt, 2007; Holt and Lampke, 2010; Wall 2007).Malicious software, including viruses, trojan horse programs, and various othertools, simplify or automate portions of a compromise making it possible toengage in more sophisticated or complex intrusions beyond the true skills of the attacker (Brenner, 2008; Computer Security …show more content…
In many cases a firm will incur a financial loss together with a fine from law enforcement agencies given to penalise the lack of sufficient security systems and procedures, and least but not last, its public image will greatly suffer, causing loss of business.
According to the Commons Home Affairs Select Committee cyber crime costs Britain £18bn to £27bn each year. (Paul Peachey 2013 http://www.independent.co.uk/news/uk/crime/uk-faces-falling-into-cybercrime-black-hole-if-banks-keep-quiet-on-small-scale-fraud-warn-mps-8737343.html)
Individuals also offer cash out services to obtain funds from electronic accounts or ATMS off-line, as well as checking services to validate whether an account is active and any available balance.
The gang lead by Sergei Nicolaevich Tšurikov compromised the data encryption used by the firm to protect customer data on payroll debit cards. These are cards used by some US companies to pay their employees, and can be used at ATMs.
The group hacked what was then RBS Worldpay – the US payment processing division of RBS, based in
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