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Security Risks on the Web: Problems and Solutions - Research Paper Example

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Summary
Millions of dollars have been stolen and people, especially women, have been threatened and abused over the Internet. In order to curb such acts and to place preventive measures against such crimes, cybercrime complaint centers have been established. …
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Security Risks on the Web: Problems and Solutions
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"Security Risks on the Web: Problems and Solutions"

Download file to see previous pages Most countries that have established strong operational cybercrime centers have obtained their knowledge from their own experiences since the Internet became popular and got widely available in the 90s. Before that, there was limited literature available on networking and the Internet.
Internet security breach can be committed from anywhere in the world. The people committing these crimes do not necessarily have to reside within country’s borders. Therefore, in order to have satisfactory hold on these security infringements, international collaboration is important, where every country would join forces in these matters.
Introduction
The use of new technologies such as mobile devices and cloud computing is on the rise. More money and funds are being transferred online than ever before. These mobile and cloud computing devices are not yet mature enough to be completely secure (Shrinder, 2011). The increasing use of such technologies has made the work easy for cybercriminals. Internet security can sometimes get bleak and that is why cybercrimes have become more profit-oriented with the increasing use of technology worldwide (Shrinder, 2011).
Stealing money using fraudulent methods is just one form of cybercrime; there are many ways in which people fall victims to high-tech crimes. Other than financial fraud and identity theft, Internet crimes that have been on the rise in the world are children and women abuse. Police reports suggest that various social networks that are spread all over the country’s network are a safe haven for online blackmailers. Problems This section looks into various Internet security problems that have disturbed the residents as well as the corporate and business world in the past. The concise list of crimes that have been reported in the world consists of: Hacking Malware (malicious code) Fraud Denial-of-service attacks Computer viruses Phishing scams Cyber stalking Identity theft Information warfare (Dwyer, 2010). There have been many cases in the world where cybercriminals ask for personal information from the victim or ask him/her to transfer money from his/her personal bank account. Phishing and Internet scam tools are widely used in this regard. For instance, an expert hacker will send a finely designed link to Internet users anywhere in the world, saying that some person wants to transfer a huge amount of money to their bank account. In many cases people take interest in such scams, and start interacting and eventually end up losing their own hard earned money. International statistics show that: Large organizations are frequently targeted by cybercriminals Majority of cyber-attacks are driven by financial gains or esteem of the criminal Surprisingly, over 60% of cybercrimes are committed by “insiders” Cases of financial fraud doubled over the year 2008-2009 Around 34% of companies fall victim to misrepresentation because of “phishing” tactics On average, every cybercrime in 2009 alone cost its victim enterprise almost $395,000 per incident of crime Sadly, the majority of these organizations failed to counter these attacks on Internet security due to lack of skills, expertise, anti-cybercrime infrastructure and lack of direction to reduce the impact of such crimes (Dwyer, 2010). At a global level, cybercrimes that have b ...Download file to see next pagesRead More
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