Introduction The securing of data and information is more important in today’s post-industrialized economy, for many reasons. For example, businesses continue to decentralize, in addition to, outsourcing products and-or services. In essence, outsourcing of products and-or services by contractual agreements with third-party vendors can substantially reduce cost of operations, therefore, enabling increase(s) in profits and revenue. Therefore, manufactures, companies, and businesses constantly attempt to gain a competitive edge within their respected market by utilizing innovative technologies for business, information technology (IT) and information security (IS) processes. Henceforth, there has been both an emergence and shift from traditional crime to cyber and-or corporate crime. Additionally, there has been a dramatic increase of cooperate internal crime within the business environment a result modern sophisticated technologies; including, highly qualified cybercriminals that constantly dwell on strategies to target businesses internally and externally. For example, corporate (IT) cybercrime most often consists of crime against an organization in which the perpetrator of that crime utilizes a computer and-or host-server to engage in all or part, thereof, of the crime. Businesses have expanded globally due to implementation of ecommerce primarily due to availability innovative technologies such as databases, corporate servers, website servers, computers internal and
As technology is used worldwide, it is in no way hard to get your hands on, or learn how to use computers etc. One of the most significant problems with cybercrime is it’s secretive nature; many protection devices which can be cracked will not pick up that they have been, therefore the majority of cybercrime will go unnoticed for a substantial amount of time. Combined with the world wide web, hackers can use the computers to gain information from any organisation around the world, penetrating even the most impenetrable organisations to get what they want, highlighting how technology has led to the process of globalization within the criminal world.
Cyber crimes from criminal organizations has risen over the past few years many of these have been located overseas and most of them have been based in Eastern Europe that hire and direct hackers on what they want done. The statement has been made that the battle lines between cyber attacks by organized crime reaches far wider than just an institution's firewalls. One such organized cybercrime unit is the Russian Business Network they are one of the more well known criminal organizations delving into the global networks of the financial institutions.
As organizations utilize software and the internet together to make transactions and complete accounting functions, the threat of cybercrime comes into play. “Cyber crime against private business is growing, and consuming a larger share of Federal Bureau of Investigation resources than ever before…” (Kelly, M., & 42 staff, 2011)
M2 – Explain the operation and use of encryption technique in ensuring security of transmitted information
The world of cyber security continues to introduce new threats each year against network infrastructures and computer devices. In the recent years, the impact from cyber-attacks has wreaked havoc on many company brands and organizational reputations. As this issue grows so does the technology to prevent and protect against these malicious attacks. It is absolutely crucial for organizations and businesses to shift focus from defense for different types of attacks to improving safeguards to mitigate the loss of sensitive data when an attack occurs. In addition to the traditional security technology used to detect an attack, companies will have to include
In today’s IT world every organization has a responsibility to protect the information and sensitive data they have. Protecting data is not only responsibility of security and IT staff but every individual is involved in protecting the information. The risks to information security are not digital only, but it involves technology, people and process that an organization may have. These threats may represent the problems that are associated to complex and expensive solution, but doing nothing about these risks is not the solution.
Times have changed what was known as organized crime has been replaced by Cybercrimes (Heists: Cybercrimes with Ben Hammersley). Cybercrimes have risen dramatically in recent years and have become a major issue the United States and company’s face today jeopardizing as well as threatening the critical infrastructure of America (Cyberwar Threat, 2005). Sadly, the status quo of cyber security is very unstable with the advancements and growth which has put most individuals and businesses into an enormous threat (Agustina, 2015).
With the dramatic development in the technology of computers and communications, the entire world has certainly benefited a great deal, but the purchase price of computers might also be very expensive. Computer crimes are now becoming very serious problems that are costing as much as billions of dollars. Also, computer crimes are threatening the continuing future of communication, confidentiality, and even the integrity of businesses and organizations.
With the constant changes in society and advances in technology, it is no surprise that new types of crime have started to emerge. Such as terrorism, white-collar crime, green crime, cyber-crime, and organized crime. Often times these crimes tend to overlap because technology is such a huge factor
The use of information technology in business presents major security challenges, poses serious ethical question, and affects society in significant ways. Especially, the computer crime is a growing threat to society and is caused by the criminal or irresponsible actions of individuals who are taking advantage of the widespread use and vulnerability of computers and the Internet and other networks. It presents a major challenge to the integrity, safety, and survival of most business systems.
Securing data that is sensitive for businesses is more important today because of how vulnerable data is, compared to what it has ever been. National security information, corporate trade secrets, social security numbers, personal medical records, and credit card information are all used, transmitted, and stored on the internet and other multimedia devices.
All over the world today, the crime rate has increased and so has its methods. Criminals are becoming more sophisticated when acting out crime. Furthermore, crimes do not just take place at a certain location anymore but from anywhere in the world. For example, cyber crime was unheard of even as far back as the early eighties because access to computer and the worldwide web was limited to only a few people who used it for research or to interact with a particular group now we hear of cases where people are being defrauded via the internet and this is becoming so rampant such that conducting business transaction over the internet can be scary, the
Organizations conduct transaction on a global scale, and they must adapt to the advances in technology to compete and succeed. E-commerce will provide a platform to promote growth and
Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).
As global security continues to grow exponentially in response to threats of cyber terrorism, the field of computer security continues to proliferate into many adjacent socioeconomic and technologically-based areas of society. Gartner Group, a leading market research in the enterprise IT industry, has stated that the worldwide market for security software will reach $21B in 2011, rising to $15.8B in 2015 (Karjalainen, Siponen, 2011). This rapid growth of computer security is also driving the development of entirely new patents in the areas of cryptography, enterprise security management strategies, and extensive support for more advanced programming features for securing enterprise networks (Albrechtsen, 2007). The pace of development in this market is accelerating as the sophistication and variety of threats continues to also exponentially escalate (Liang, Xue, 2010).