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What is Cyber Crime?

May 12, 2019Simeon Georgiev

When you read the words ‘cyber crime’, the first thing that comes to our mind is the crimes that take place on the internet or through computers. But the question is if something isn’t visible and prominent to us, how can it be dangerous and how can we detect it. Here’s a brief explanation of cyber crimes, what they are, how they happen, and how to prevent and overcome these crimes.

The loss has a cost:

In the past couple of years, the rate of cyber crimes has rapidly increased. Cyber crimes that took place globally cost around $600 billion a year. The report has shown the immediate increase in these sort of crimes from 2014 onwards. This total was around $500 billion back in 2014.

Predictions about future cyber crimes:

A senior vice president of CSIS, James Lewis, wrote a report saying cyber crimes are unremitting, unyielding, undiminished and dubious about stopping in near or even in far future.

This is because the crime isn’t just too easy, but the reward is high and the chances of being caught and punished for this crime are meager, minimum to almost none.

Why is it catching the attention of criminals?

When a criminal mindset person finds a little leak in the system of a renowned company, a few of such criminals try their best to team up to get a complete hold of the leakage to hack the information. They use this as a source of ransom.

Cybercriminals are becoming more intelligent and erudite in their process of communicating with the companies to steal their minor leakage of information to get in the system.  As the full spread of internet web has caught the attention of everyone worldwide, the crimes have also increased. These criminals have incorporated new attacking technologies.

Some other facts:

– Because of cyber crime, someone’s identity is stolen every THREE SECONDS!

– If you don’t have an authentic and verified security to your PC, your PC can catch a virus in around 4 minutes of being connected to the internet that is unknown to it before.

– Cybercriminals don’t just work on a significant business level, but they can attack smaller and new companies too. Through only one click, your company’s ‘health’ could be in danger, so it’s better to tell your employees to be aware of clicking on random pop-ups and software updates and installments.

– Cyber crimes also help in money laundering, hacking your computer system and the entire Wi-Fi-packages, intellectual property rights, and lead to cyberbullying, and cyberstalking.

–    Financial frauds have also been committed through cyber crimes as well as digital piracy, electronic vandalism, extortion, and terrorism.

The various ways you could be affected by cyber crimes:

If you think playing videogames on the internet is secure and safe, you’re wrong and you might want to reconsider your sources of games and their installing. Not only this, but social networks such as Facebook, Twitter, and Instagram sometimes have an ad pop-up that you unknowingly click, and it results in different cybercriminal activity.

Simeon Georgiev
https://www.linkedin.com/in/simeon--georgiev/
I am a Cyber Security Enthusiast from Bulgaria. I like to write about malware and ransomware and global cyber attacks. You can reach me on Twitter @sgeorgiev1995 or Email: [email protected]
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