Cybercrime Problems: Global Impact, Prevention Strategies, and the Need for Institutional Awareness
Overview
This paper examines cybercrime as a pervasive global problem affecting individuals, organizations, and institutions. It discusses various types of cybercrimes including identity fraud and malware attacks, argues for increased institutional awareness and public education, and presents the author's personal experience as a victim of credit card fraud.
What this essay covers
- Introduction to cybercrime definitions and types (identity fraud, malware)
- Global impact and prevalence across different populations and sectors
- Need for awareness campaigns and educational initiatives
- Author's personal experience with credit card fraud and vulnerability assessment
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Real Life Problem-Cybercrimes
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Cyber-crime Problems
On the verge of the digital era, the world is under pressure to contain the digital market. Moreover, technology has revolutionized the world, and everyone is pushing the limits to partake in its benefits. Cybercrimes are usually criminal activities that are committed through electronic gadgets such as computers and mobile phones. Typically, criminals access computers by overriding proxies and firewalls to snoop on victim’s information. New technology and new electronic devices are the primary avenues for cybercrimes. There are different types of cybercrime offenses that we have witnessed globally, for example, identity fraud, whereby cybercriminals stole personal information to access banks and other facilities. Secondly, malware is injected into computers to compromise business operations or steal confidential data (Virtanen, 2017).
For example, WannaCry was subjected to malware attacks which were imposed in 2017, and consumer’s information was stolen. The information stolen is used in two ways: to rob people indirectly or seek a ransom. Cybercrime is a meaningful discussion that should be carried in every institution across the world. It is essential to fight and prevent disease than wait for the worst, and cybercrime has become more painful than chronic diseases (Baecker, 2019). People are losing money digitally every day, and identity is left exposed due to these criminal activities. Most people doubt whether their medical records or financial information are in jeopardy; thus, making cybercrime the top discussion is vital.