Definition: Criminal activity using the internet, such as stealing intellectual property, seizing online bank accounts, spreading viruses, posting confidential materials online, and disrupting computing services.
Key Points
Global cybercrime is rising, costing nations millions of dollars annually.
The average cost of cybercrime to large companies is $7.7 million per year.
Financial services, utility, and energy companies experience more cybercrime than health care and agriculture.
The highest total average cost of cybercrime is in the USA ($15 million), and the lowest is in Russia ($2.37 million).
More areas of life becoming digitized increases the risk of cybercrime.
Real-world example: In 2016, major companies such as Twitter and Paypal were attacked by a "botnet", disabling the internet and affecting several websites like the New York Times and CNN.
Definition: A major threat to internet users where unauthorized access to a system or network is gained, often with malicious intent.
Key Points
Hacking can target individuals up to national governments and TNCs (Transnational Corporations).
Attacks can come from a variety of sources, such as seemingly harmless PDFs or JPEGs.
Real-world example: Dyn, a US company that operates internet traffic, was a victim of one of the largest internet attacks, disabling numerous high-profile websites.
Definition: A crime in which an imposter obtains key pieces of personal information to impersonate someone else.
Key Points
Identity theft is one of the fastest-growing white-collar crimes in the USA.
Certain groups, like university students, military personnel, and medical patients, are more at risk.
Identity theft rates are expected to rise due to an increase in databases and lenient sentencing.
Real-world example: The increase in identity theft in 2006 is believed to have been triggered by the chaos after Hurricane Katrina.
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Definition: Criminal activity using the internet, such as stealing intellectual property, seizing online bank accounts, spreading viruses, posting confidential materials online, and disrupting computing services.
Key Points
Global cybercrime is rising, costing nations millions of dollars annually.
The average cost of cybercrime to large companies is $7.7 million per year.
Financial services, utility, and energy companies experience more cybercrime than health care and agriculture.
The highest total average cost of cybercrime is in the USA ($15 million), and the lowest is in Russia ($2.37 million).
More areas of life becoming digitized increases the risk of cybercrime.
Real-world example: In 2016, major companies such as Twitter and Paypal were attacked by a "botnet", disabling the internet and affecting several websites like the New York Times and CNN.
Definition: A major threat to internet users where unauthorized access to a system or network is gained, often with malicious intent.
Key Points
Hacking can target individuals up to national governments and TNCs (Transnational Corporations).
Attacks can come from a variety of sources, such as seemingly harmless PDFs or JPEGs.
Real-world example: Dyn, a US company that operates internet traffic, was a victim of one of the largest internet attacks, disabling numerous high-profile websites.
Definition: A crime in which an imposter obtains key pieces of personal information to impersonate someone else.
Key Points
Identity theft is one of the fastest-growing white-collar crimes in the USA.
Certain groups, like university students, military personnel, and medical patients, are more at risk.
Identity theft rates are expected to rise due to an increase in databases and lenient sentencing.
Real-world example: The increase in identity theft in 2006 is believed to have been triggered by the chaos after Hurricane Katrina.
Dive deeper and gain exclusive access to premium files of Geography HL. Subscribe now and get closer to that 45 🌟
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