Cybercrime The Latest Ways of Stealing Identity and Money

Cybercrime: The Latest Ways of Stealing Identity and Money Cyber Crime is one of the latest crimes in the world today. People try to protect themselves from being hacked every way possible. Hackers come up with new ways daily through which a person’s identity and money gets stolen. Waterson explained that, identity theft is the act of stealing personal information that enables cyber criminals to impersonate someone else. Someone can steal your identity by using your name, social security number, credit card number, or other personal information to commit fraud or theft. According to a United Nations estimate from 2000, losses suffered by business and governments from Cyber Crime during the preceding four years reached $600 million. As Waterson continued to discuss, he mentioned that users should be acutely aware of the dangers that lurk when opening innocent-looking emails, banking online, shopping online or even using Facebook or Twitter for social networking. A Computer Security Institute (CSI) annual survey for 2002 conducted in th e United States revealed that, ninety percent of respondents had suffered security breaches, and eighty percent sustained financial losses due to such breaches that reached $14.1 million. Cyber Crime is a very incriminating act that destroys people’s credit report and lives. There are several ways but below are the three latest ways in which hackers operate and they are; through forwarded emails, credit card information and Wi-Fi networks.Show MoreRelatedCybercrime Is A Common Crime That Is Done By A Person To1331 Words   |  6 PagesCybercrime is a common crime that is done by a person to take advantage of computers or technology devices by receiving another person’s personal information or committing acts of fraud or larceny. Cybercrime has expanded since the technology era and has advanced with several new devices that allows information to be stored or recorded by gathering evidence that is pertaining to a crime. There are many types of cybercrime and anybody can be a victim by providing information through financial transactionsRead MoreIs Identity Theft Or Having Credit Card Or Banking Information Stolen?1352 Words   |  6 Pagesto find a way to learn to exploit the information available. While there are some internet hackers and activists that utilize their skills to send a message or to push an agenda, there are many hackers and cyber criminals that utilize their skills illegally for monetary gain. Many of us have most of our bills and finances online, and we utilize the internet to track and manage these types of accounts. While there may be no way to revert to the days of paper accounting, the idea of identity theft orRead MoreCase Study : The Mask1217 Words   |  5 PagesATM Jackpot In this case, cybercriminals discovered a new method called, Ploutus, a new way to steal money from an individual’s bank account. ATM’s are considered the jackpot for many hackers and the increasingly popular method to achieve this challenge is through skimming. â€Å"Skimming is the process of recording the data on the magnetic strip of a credit or debit card so that it can be used later in a fraudulent way â€Å" (Symantec, 25). In this case, Symantec identified this sample of an ATM breach onRead MoreEssay on Computer Crime: Technology and Cyberspace1343 Words   |  6 PagesA major part of the world today revolves around technology and cyberspace. Almost every day one will use a type of computer in some way, whether it is work related or if it is for personal use such as social networking. Another thing occurring on a daily basis is criminals committing either trivial or major crimes; so it is not hard to imagine that these two actions would start to syndicate into one. Cyber-crime is defined as â€Å"unauthorized use of a computer for personal gain† (Dictionary.com), butRead MoreA Brief Insurance : What Is It And Why Do I Need It?868 Words   |  4 Pagesbusiness. What is handyman insurance, and why do I need it? Handyman insurance simplifies the process of obtaining insurance coverage for multiple business risks. The handyman business is often built on trust and personal relationships in a less formal way than contracting, bidding and building big development projects. Major contractors face big risks, so they often get insurance, bonds and in-house experts to satisfy government regulations, but even the simplest odd-job and maintenance contracts carryRead MoreCyber Attacks And Its Effects On Facebook1492 Words   |  6 Pagesgrow every day. According to AV-Test there is more than 395,000 new malicious are now registered every single day, and the total amount of malware attacks in circulation is around 425,000,000 marks. (Price, D 2015). Cyber attacks are not only about stealing data or making system offline, but also there can be real world damage too. An attacker can easily hack the details of a government system and can be control it from anywhere in the world. In 2015, there are more t han 110,000 Facebook users haveRead MoreCyber Crime2799 Words   |  12 Pagesfunctions. Cybercrime, which is rapidly increasing in frequency and in severity, requires us to rethink how we should enforce our criminal laws. The current model of reactive, police-based enforcement, with its origins in real-world urbanization, does not and cannot protect society from criminals using computer technology. This paper gives detailed information regarding cybercrime, its types, modes of cyber crime and security measures including prevention to deal effectively with cybercrime. It demonstratesRead MoreGlobal Industry Project : Technology Sector3325 Words   |  14 Pagescitizens through the usage of GPS, e-commerce making online purchasing and sharing financial information more ubiquitous, and social sites where people post their whereabouts for all to see, these factors have created a precipitous upswing in crime and cybercrime to be more precise. With the top retailers and manufacturers o f technological goods easily grossing billions of dollars in revenue yearly, it shows that the global market for technology is steady and continues to grow. Description of the IndustryRead MoreCybercrime : A Form Of Cybercrime1943 Words   |  8 PagesCyberspying/Cyberespionoge Definition Cyberspying is a form of cybercrime in which hackers target computer networks in order to gain access to classified or other information that may be profitable or advantageous for the hacker. Cyberspying is an ongoing process that occurs over time in order to gain confidential information. It can result in everything from economic disaster to terrorism (Techopedia). Cyberspying can be devastating toward both the government and businesses due to the classifiedRead MoreEssay on Hackers vs. Crackers3187 Words   |  13 Pagesyou probably think of a nerdy, teen-aged boy sitting behind a computer with sinister plans for his attack flowing through the keystrokes of his fingers. You probably think of a techno-criminal defacing websites, shutting down computer systems, stealing money or confidential information-basically a threat to society. But these descriptions may describe someone else enterely. Many in the computer community contend that this criminal description defines crackers. Hac kers, on the other hand, are actually