The Pros And Cons Of Cybercrime

1569 Words7 Pages
As the time is moving forward, the cyber technology industry is rapidly developing as well, which brings a lot of benefit for the people and makes their life easier since everything is just one click away. However, like everything in life, the rapidly progressing cyber technology does come with a heavy cost to pay. One of the price cyber technology users has to pay is Cyber Crime , which is also called as computer-oriented crime where it is a crime that involves a computer and a network and can defined as offences that are committed against individuals or groups of individuals with a criminal motive to intentionally harm the reputation of the victim or cause physical or mental harm, or loss, to the victim directly or indirectly, using modern telecommunication networks such as Internet. According to a report that was sponsored by McAfee (computer security software company), cybercrime causes an annual damage of $445 billion dollars to the global economy. Not only that, in 2016, a study by Juniper Research estimated that the costs of cybercrime could be as high as 2.1 trillion by 2019. Cybercrime is very serious issues that need to be taken a serious look at to stop it from producing negative effects like lost of private information, lost of business and sales and lost of company’s reputation. First of all, due to the advancement of cyber technology, nothing seems impossible anymore for cybercriminals because most of the public’s private information and data is stored in
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