The left graph shows the most recurrent incidents by industry, whereas the right graph demonstrates the incident occurrence rate. Up to life in prison for the most seri… Participation in the IMPACT organization is available to all countries, and developing countries are encouraged to join and take advantage of existing capability and knowledge, all together with the more developed countries that can assist in stopping attacks. The Internet has become one of the most important tool for terrorists.  According to experts, terrorist organizations communicate, share information, propaganda, coordinate attacks, recruit, raise funds through internet connections.  Author Kaplan (2009) wrote in his article that, the number of terrorist web sites have drastically increased, from less than 100 to more than 4800, in the last decade. d.  Unity of Governmental Effort. Various government entities possess different roles, responsibilities, authorities, and capabilities that can all be brought to bear on cyber incidents. (2017, May 12).  Massive Ransomware Cyber-attack Hits Nearly 1000 Countries around the World.   Retrieved from: https://www.theguardian.com/technology/2017/may/12/global-cyber-attack-ransomware-nsa-uk-nhs, Zetter, K. (2016, May 17). This include the following: Protection from Harassment Act 1997. We know that there is significant under-reporting, although the new General Data Protection Regulation is likely to prompt a better picture of scale. Thanks to internet technology people can easily virtually travel to any destination in the world, while it was never imaginable before. Furthermore, there is little chance a professional cyber-criminal will be apprehended by law enforcement. Graphic bellow shows the total number of incidents across the four different categories with data breaches shown in the left graph, and all are shown in the right graph. Cybersecurity Enterprises forecasts that global expenditure on cybersecurity services, experts, and products will exceed $1 trillion over the next five years.  In 2004, the global cybersecurity marketplace was worth $3.5 billion and in it is estimated that it is worth more than $120 billion currently.   It shows that cybersecurity marketplace increased roughly 35 times over 13 years.  While all other technology divisions are motivated towards reducing inefficiencies and promoting efficiency, cybersecurity field expenses are inspired by cybercrime. The US cyber-security firm “Carbon Black” reported 2,502% increase in the ransomware Dark Web economy, compared to the 2016 year. Computers being seized and being prevented from accessing the internet 4. In Spain, major companies including telecommunications firm Telefónica were infected”.  Authors Wong & Solon (2017) also wrote that a ransomware that may have begun from the “cyber weapon” theft associated to the U.S.  Government, has possibly staggered hospitals across England and then extended to the countries across the world.  “This is not an attack that was meant for large institutions. IT analyst forecasts 12-15 percent cybersecurity market growth until 2021.   Unfortunately, cybersecurity analysts are still unable to keep up with the dynamic cybercrime increase, epidemics of ransomware, malware relocating from desktop computers and laptops to mobile devices and smartphones, the distribution of billions of IoT devices that are under-protected, the masses of hackers-for-hire, and the more complex cyber-attacks affecting businesses, healthcare and educational institutions, governments, and consumers globally. Cyber crimes affect people’s lives negatively, jobs, money, and loss of … This microlearning course on Consequences of Cybercrime is designed to raise awareness on how cybercriminals target individuals and organisations. According to statistic graph bellow, United States appears to be the most prepared country to fight cybercrime, but it also showed that the U.  S is the number one target for cyber espionage and cyber -attacks. It turned out to be that the world is a small place after all and internet use trend is going to continue to grow, instead, it will advance into even more sophisticated operations. Cyber crime is a serious criminal offence under the Computer Misuse Act 1990. The ubiquity of internet connectivity has enabled an increase in the volume and pace of cybercrime activities because the criminal no longer needs to be physically present when committing a crime. However, by committing an act of cyber bullying, a person may be committing a criminal offence under a number of different acts. This paper will talk about internet evolution, and how its use has changed the world and the way people live and function.   The internet has definitely revolutionized the way people connect these days and also the way data is distributed between interacting parties.   Internet technology has made the world smaller in its distinctive way, as it has become an everyday standard and relatively essential part for everyday living.   The Internet of Things (IoT) technology, mobile apps, and instant communication across the globe are now settled in all aspects of public businesses.  As people continue to sail in cyberspace waters and handle majority of professional businesses virtually, this has generated huge chances for cyber-crime.  Widespread cybercrime, that has become a transnational crime, has brought together crime fighting entities all around the globe and forced them into international collaboration, more than any other criminal activity. Looking at security incidents occurrences, we can see a very sharp rise between 2012 and 2014 year. By Legal Futures’ Associate The Cashroom. (Morgan, 2017). This, in turn, could potentially lead to: loss of customers loss of sales reduction in profits This guidance explains: 1. The Presidential Policy Directive 41have determined universal definitions as follows: “a.   Cyber incident. We focus on critical cyber incidents as well as longer-term activity against the criminals and the services on which they depend. There is a strong evidence that this problem has possibly devastating consequences. Also, Microsoft continues to invest over $ 1 billion annually in many aspects of cybersecurity prevention, such as development and research. Luckily, there are some big organizations who have shown increase in cybersecurity budgets. We also work with partners such as the National Cyber Security Centre, Get Safe Online and Cyber Aware to promote ways for the public and businesses to protect themselves online. Cyber criminals seek to exploit human or security vulnerabilities in order to steal passwords, data or money directly. As people continue to sail in cyberspace waters and handle majority of professional businesses virtually, this has generated huge chances for cyber-crime. Unfortunately, on a regular basis, some vital information slip through the cracks, because of poor communication between state governments, and such lost information could have been used to avoid future problems. The internet's speed, convenience, anonymity and lack of borders make computer-based variations of financial crimes, such as ransomware, fraud and money laundering, as well as hate crimes, such as stalking and bullying, easier to carry out. Fortunately, the bank was diligent enough to prevent the theft, and save itself a loss of $1.1 million. It indicates efforts controlled at the national and international level, specifies the actions focused and directed towards prevention of illegal intrusion into computer systems. Ransomware attacks are easy to do and majority of victims are willing to pay for ransom in order to quickly gain back access in their computer system.  Some of the recent and well-known ransomware attacks that stroke computer systems across the world are Cerber, Locky, and the most famous one, WannaCry, which was the greatest challenge of the year, according to cybersecurity experts.  The total profit of ransomware sales sold on dark web are estimated to be between $250,000 to over $6m for just one year. This advantage of connectivity brings along security and safety weaknesses.  Many developers are recognizing the potential dangers and thinking of ways how to produce better IoT technology with improved security. Cyber crime continues to rise in scale and complexity, affecting essential services, businesses and private individuals alike. Cybercrime Laws in the UK. b.  Significant cyber incident. A cyber incident that is (or group of related cyber incidents that together are) likely to result in demonstrable harm to the national security interests, foreign relations, or economy of the United States or to the public confidence, civil liberties, or public health and safety of the American people.” According to publication “The White House” (2016). With that in mind, government leaders and private sectors are coming together to build a cohesive force, to prevent future cyberattacks and fight back, because a weakness in any area can cause worldwide chaos. A consumer expenses include: installation of anti-virus programs, personal identity theft protection services, installation of malware protection software, computer and mobile phone patch-up services iin order to remove viruses or malware, data recovery and user instruction for future safer use and better cyber protection.  The consumer cybersecurity marketplace is much bigger nowadays, and just like businesses, consumers are investing time and money to prevent future cyberattacks. A lot of things and laws needs to come in place before cyberworld become safer place.  United against cyber-crime, people on this planet will win over and aggressively fight back to strengthen national cybersecurity position in a limitlessly connected world.  The whole planet needs to contribute to make an important difference with a sound and multidimensional approach against cybercrime. Cyber-crime has become one of the most challenging and difficult problem for today society, for the court system and law enforcement. Have a conversation with your child and help them make the right choices. Eurojust and Europol have detected an increase of encrypted electronic data in current cyber-crime activities, therefore EU cyber investigators have to mainly handle the cases involving with these data. Contact Us to learn more about SOCaaS. From: In a World Where Criminals keep Getting smarter, how should we fight cybercrime.  https://www.weforum.org/agenda/2017/11/cybercrime-how-we-should-fight-criminals/. Besides the encrypted messaging interaction, virtual or crypto currencies also pose a substantial challenge to law enforcement. (Loman, 2017). SMBs incur nearly four times the per capita cybercrime costs of larger firms, according to Ponemon. One of the most recent and shocking example was the reported cyber-attack on the World Anti-Doping Agency (WADA), the one who suggested that all Russian athletes should be banned from participating in 2016 Rio Olympics, because it was exposed that the Russian government covered up doping use at the 2014 Winter Games in Sochi. Expenses that individuals pay someone to fix malware problems, to wipe and restore computer or smartphone, is usually unrecorded, therefore analysts are unable to take that into a count when they analyze cybersecurity costs. (Golubev, 2005). In May, 2016, the Wall Street Journal published another incident related to SWIFT cyber theft, which has actually happened in January, 2015, in Ecuador, with financial loss of $9 million dollars.  Police investigators examining the theft of $81 million from Bangladesh’s central bank were amazed to find out about the case from three years ago, in which hackers stole $250,000 from the country’s largest commercial bank using similar methods. Six men have been arrested by the NCA as part of an international investigation into the so-called QQAAZZ group, a money laundering network which laundered millions on behalf of the world’s most prolific cyber criminals. Dissertation Cyber crime costs the UK billions of pounds, causes untold damage, and threatens national security. The definition of cybercrime 2. Potential consequences - A visit from law enforcement officers resulting in a warning or possible arrest, fines and/or imprisonment. Effects of cyber bullying Cyber bullying affects people from any age or walk of life, including children, teens and adults who all feel very distressed and alone when being bullied online . “This economy extorts, according to the FBI, ransom payments that totaled about $1B in 2016, up from $24M in 2015.”, stated author of an article “Ransomware Dark Web Economy Increased by 2,502%”, Cimpanu (2017).  Ransomaware as a Service (RaaS) promotion started in early 2017, which significantly contributed to Ransomware aggressive growth.  Beside all this, there are also sole sellers (malware authors) who only sell the ransomware basics, and let the buyers deal with the rest the best they can.  Interesting fact also discovered by Carbon Black experts is that some ransomware authors profit is more than $100,000 per year, which is much profitable than the average income of the legitimate software developer whose average annual salary is around $69,000. According to author of an article” Vietnam’s TienPhongBank Stops attempted fraud through Swift System”, Peyton (2016), the bank authorities explained that bank performs transfers using third party infrastructure from an outside vendor who was hired to link it to the Swift system ban uses for messaging.  The bank did not reveal the service provider name, although the bank has immediately stopped cooperation with that vendor and switched to a new system with much stronger security that enables bank to connect directly with Swift. That Insane, $81M Bangladesh Bank Heist? This approach has a goal to utilize secretly collected personal information of a terrorist that can be applied to discredit their reputation in the Islamic society, and that way to destabilize the radicalizing ideas that they propagate online.  (Taylor, 2017). Despite of major cybersecurity concerns, incidents and privacy violations, most technology experts predict that the Internet of Things will continue to successfully grow in the next few years, binding machines to machines and connecting people to valuable services, resources and opportunities.  (Rainie & Anderson, 2017). 'Off the shelf' tools mean that less technically proficient criminals are now able to commit cyber crime, and do so as awareness of the potential profits becomes more widespread. European countries and their law enforcement bodies suffer from the data retention directive assigned by the EU Court of Justice whose policy is fragmented. c.  Respecting affected entities. To the extent permitted under law, Federal Government responders will safeguard details of the incident, as well as privacy and civil liberties, and sensitive private sector information, and generally will defer to affected entities in notifying other affected private sector entities and the public. The White House, Office of the Press Secretary. Registered office: Venture House, Cross Street, Arnold, Nottingham, Nottinghamshire, NG5 7PJ. Currently the level of sentencing at court is not commensurate with the seriousness of attacks, and this is an area which is ripe for consideration. The most unfortunate fact about these robberies is that $900 million dollars’ loss could have been prevented should Banks in Ecuador and Vietnam did what they supposed to do, report the incidents and rise international awareness.  Unintentional error did more favor to prevent the robbery that the joined knowledge of these two independent nations. More young people are getting involved in cyber crime. Besides that, the U.S. is the second-most targeted country in DDoS (Denial of Service).  With the average cost of a cyber-attack in the U.S. ranking at around $17.4 million, government and business organizations cannot allow that any cyber-incident might happen. (Zetter, 2016). 2016;2(2):121-135. doi:10.1093/cybsec/tyw001. Cybercrime is a crime and it is illegal. Violation of copyright laws. In the news article “Cyber-crime could trigger a global crisis”, written by Tony Glover in 2012, it was discussed that the widespread cyber fraud that is affecting banks worldwide as high as it is can potentially lead into another global financial crisis. This was the first international contract on technical and juridical aspects of discovering, investigating and indicting cybercriminals. All these facts are the true evidence that internet technology has made this world smaller place and through internet connection, people are able to interact and communicate like they are minutes away instead thousands of miles away across the globe. In a report that singled out the UK … Retrieved from: https://www.scmagazineuk.com/the-rise-of-nation-state-attacks–with-intelligence-gathering-the-aim/article/661661/, Morgan, S.  (2017, May 31).  Cybersecurity Ventures Predicts Global Cybersecurity Spending will exceed $1 trillion from 2017 to 2021. Currently, what is happening among many countries, the joint effort to pursue cyber-criminal investigation nationally is showing some good results. Barrett, D. & Burne, K. (2016, May 19). Cybercrime continues to fuel cybersecurity market growth. Whichever Federal agency first becomes aware of a cyber incident will rapidly notify other relevant Federal agencies in order to facilitate a unified Federal response and ensure that the right combination of agencies responds to a particular incident. In supplement, cyber misdeed needs persons and organizations to take on the supplemented cost of security programs and other entails by which to block the cyber criminals. Retrieved from http://www.pewinternet.org/2017/06/06/the-internet-of-things-connectivity-binge-what-are-the-implications/, Romanosky, S.  (2016, August 8).   Examining the costs and causes of cyber incidents.  Retrieved from https://academic.oup.com/cybersecurity/article/2/2/121/2525524, Schallbruch, M.  (2017, April 24).   Common Challenges in Combating Cybercrime.   Retrieved from https://blog.esmt.org/dsi/?p=606, Stalans, L. J. According to The White House statement, the U.S. Government is planning on investing over $19 billion for cybersecurity in 2017. Internet technology is in charge of the global immediate interaction that comes by advantage of technology. 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