The recent trend in the global business has been largely driven by the mechanism of the internet and more broadly the cyberspace. This has created a more elaborate platform for all business activities to be coordinated through an information system protocols. The information system is the management of the information data base of an organization or an institution. Information is assumed to be a significant asset, organisations strive to gather, retain and protect their valuable intellectual property to place them in a prominent business platform over their competitors.
The proficiency and efficacy of the cyberspace in its application in accounting, finance, system designs, manufacturing etc., cannot be denied nor neglected. The reality of the twenty-first century is simple; no organization can survive without the adoption and implementation of the mechanism of information technology to their area of business. On the contrary perspective, there are several challenges that are associated with the cyberspace, among which is majorly cyber security. Recently the hackers’ activity has really skyrocketed and has become a major concern for organizations, states and federal governments and even international organizations. Several regulatory schemes are put in place to mitigate the activities of hackers across the globe.
General Group
General group was founded in Berlin in 1831 and has grown to be a major player in the banking, finance service/ insurance sector. The group’s
Many users are subject of Security and Privacy on the Internet issue. The term "information" now is more used when defining a special product or article of trade which could be bought, sold, exchanged, etc. Often the price of information is higher many times than the cost of the very computers and technologies where it is functioning. Naturally it raises the need of protecting information from unauthorized access, theft, destruction, and other crimes. However, many users do not realize that they risk their security and privacy online.
in favour of a system where by the government can gain the key to an encrypted
The international political arena of the twenty-first century has largely been demarcated by the national security strategies of the United States. The keystone of these strategies has been the United States’ Global War on Terror and it has beguiled not only the U.S., but a majority of the Westernized governments into an over decade long conflict, extending across the globe. This more than decade long commitment to anti and counterterrorism operations has not only revolutionized contemporary warfare, but has spurred rapid international growth and integration of information technologies. Globally, information technology has permeated military weapon capabilities, military and domestic infrastructure and has increased global economic
Businesses, Governments and academic institutions are becoming needy on the internet in their day to day undertakings. Similarly, consumers are increasing their use of e-commerce and online shopping more. This indicates increasing openings for hackers to intercept and disrupt activities.
Wolfgang Goerlich once said, ““Employees make decisions every day that negatively affects their business’s security…As a result, we have known for a while that, to protect organizations, employees need online street smarts. However, the problem is that some in the industry treats employee awareness as a training concern or one-time activity. It is not. It is an ongoing cultural problem.”1 The question is then levied, “How do we influence a cultural shift?”. It is evident that personnel need to be better trained in cyber security, but will training adults currently in the workforce be sufficient? I believe that cyber security education must begin at earlier ages if a cultural shift is ever going to happen. Cyber security should receive the same attention that physical security receives during early childhood development. Successful integration of cyber security into early childhood development will result in more conscientious adults and will require engaged parents, integration into institutional learning, and integration into media.
Prevalent to the current trend now is the dependency of the society on Information technology and communication systems. Every aspect of human life is one way or the other linked and controlled by information technology tools. The importance of information technology cannot be over emphasized as its unavailability could lead to a form of disaster or the other. Pivotal infrastructures like finance, healthcare, education and security are driven by information technology. However, information technology and its benefits are accompanied by vulnerabilities and risks that can be exploited by people with the necessary technical skills. Individuals like ‘Hackers’ and ‘Cyber Terrorist’ can cause disruption to information systems, commit financial fraud and also attack computers and networks. These attacks and disruptions could result to violence against people and properties. In some cases, death, serious injuries and severe economic loss could occur as a result of these attacks.
Today cyber-attacks are a occurring at an alarmingly high rate. It is not just governments and major corporation’s websites that are under attack; cyber criminals are using the Internet as an instrument to execute crimes against law enforcement agencies, members of congress, and small businesses as well as conducting terrorism, and even waging war. Cyber-attacks can come anywhere, anytime, anyplace from anybody. Cyber criminals are constantly testing computer defense systems for weaknesses in order to gain access to information in which they can use to their advantage. The following paper characterizes three types of cyber criminal activity, real world examples, ways organizations can protect themselves and why the need for law enforcement and e-business professionals involvement.
In the newfound age of Cyber Security there is much that still needs to be done before the industry can function without all of the difficulties currently faced. Every day it seems like a new cyber attack has overtaken another victim. This cyber threat is so big that President Barak Obama passed the Cybersecurity Act of 2015 . Among other things, this act calls for increases in information sharing between businesses and the federal government. It also has a hefty dollar amount behind it. In the 2017 budget, the president is allocating more than $19 billion to be used for cybersecurity . With all of the threats out in the internet of things, companies need to find personnel that can analyze the traffic flowing in/out of the systems. Some of these companies do not have the manning or experience to support this growing need and they look to other companies to provide this vital service for them.
Issues of cyber security have come to the forefront of global knowledge and focus. Like many technological issues, it has been a problem for a long time and light has recently just spread in this issue. The emergence of people becoming technologically understanding has led to an ever-expanding rate of technology development. With this, businesses have a need to rely on the internet to broaden their reach of the market while still taking measures to ensure that their information and data stay protected from unauthorized access or attacks. There seems to be no clear preventive solution to the problem as technology is always on the rise while the law and implementation of the law tend to fall behind. Many argue that economically safe options will protect businesses better in the long run, while others argue that making more progressive laws will improve the solution. Though cyber security is primarily the focus of technological businesses, businesses across all fields have differing amounts of interest in the subject as well. As is to be expected, the topic affects each field differently, whether it be focusing on the different information held, or simply a different audience targeting it. The economic strategy brings structure while the law is catching up by relying on old modified statutes.
It has been noted that cybercrime is growing at a faster rate due to the diversity of modern technology and expertise in the field of technological engineering. The global environment in which the internet is built in has allowed significant thresholds of increased criminal activities that are internet related. One of the major concerns is the rise of terrorism activities conducted through the internet causing a state of fear and distrust within national and international security. Cyber related crimes pose a great challenge in economies of both developed and developing states in the essence that it is known to threaten the financial health. Large amounts of money is lost annually due to cases of online theft or hacking the systems by changing key policies and commands that govern the operating systems and programs in use. Cybercrime can be committed by both governmental and non-state actors, it
Based on the level of technology and the age of technology in the world now, it is unimaginable to how technology has developed the business strategy and production level. Most especially, corporate organizations are benefiting immensely on the cyber security platforms. Corporate entities relying on cybersecurity are not limited to, website security, organization 's computer network security, organization 's hand held devices security and communication security. But, extends to the information security on the transactions between organizations and their clients.
With the advent of what many refer to as the internet age, there have been numerous developments in the world as we know it and as time continues to pass, the developments keep on coming thick and fast. Over time we have arrived to an age where the use of computers and networks related to these computers has almost become commonplace. The advantages and benefits that can be drawn from these developments have been many and most of them have been welcome. Industries have been created, new markets have been created and the overall outlook could not be clearer. Simply put, the future looks bright as far as developments in the technological industry is concerned (Creery 215). However, with the massive improvements in the world of technology, the developments, the new and improved ways of doing things there has also come new vulnerabilities and problems. In this paper, I will analyze the different cyber threats that we face and highlight the factors that one ought to consider when developing cyber security policies.
Cyber security is in the forefront of every organizations’ core strategy to protect its data and information systems. This increased awareness about cyber security has been driven partly due to the increasing number of cyber-attacks and also due to the various government regulations such as HIPAA, SOX, PCI and so forth. Unlike in the past, attacks on organizations are more targeted, organized and sophisticated and the target of these attacks on organizations are to obtain proprietary and sensitive information. The exponential growth in the number of cyber-attacks can no longer be contained using static, existing standard security
Various critical data breaches that have occurred within the past five years are examined in chronological sequence. The underlying nature of each breach is discussed where sufficiently detailed technical information was actually made available. Commonalities among the various situations are derived. Finally, recommendations are presented for minimizing the frequency and fallout of such breaches in the future. It is seen that the affected vendors are typically remarkably vague in their reporting, likely indicative of both their individual failures to understand the technology and their consultants? desires to maintain an unjustified mystique.
The Merriam-Webster’s Dictionary defines cyber security measures taken to protect a computer or computer system (as on the Internet) against unauthorized access or attack Most people think that hackers are just people that want to mess up your computer, but real hackers break into systems because they want to see what they can do, then they might leave a message on the victims computer, but that’s it. So, the computer security people protect from those other hackers that want to mess up peoples computers. The means we take can as individual to protect ourselves in the cyber world is be anyomous on websites, don’t post your personal information ,have virus protection install on your computer, get spy