Cybercrime is becoming more organized and established as a transnational
business. High technology online skills are now available for rent to a
variety of
customers, possibly including nation states, or individuals and groups that could secretly represent terrorist groups.
Terrorism Linked to Cybercrime
The proportion of cybercrime that can be directly or indirectly attributed to terrorists is difficult to determine. However, linkages do exist between terrorist groups and criminals that allow terror networks to expand internationally forexmple
1. US water plant has been credited to an unknown attacker who managed to access a SCADA controller and take over systems.According to a report at V3.co.uk, the hacker used the compromised SCADA system to turn a pump off and on again several times before causing it to fail.This happened on 8 November 2011 and has once again caused security experts to question the security of SCADA systems.
2. Moreover estimates say that up to 90% of computer software used in China is pirated, and thus open to hijack through computer viruses.
http://www.networkworld.com/
3.Hackers are able to disrupt e-commerce by engaging in denial of service attacks and by compromising online banking payment systems. Identity takeover can
also affect online banking, as new accounts can be taken over by identity thieves, thus raising concerns regarding the safety and soundness of financial
institutions.
4.According to Meridien Research, estimated fraud loss for the credit card industry amount to $1.5 billion annually.
5.Health care fraud includes frauds perpetrated upon government-sponsored and private health care benefit programs by insiders, the insured, and providers.
6. According to an FBI report on insurance fraud, published on its web site under “The Economic Crimes Unit” section, total insurance industry fraud is 27.6 billion annually.
However preventing, detecting, investigating, and prosecuting economic crimes must become a priority,otherwise the world could be in danger of slipping further behind the highly sophisticated criminals.
For Any Query Leave A Comment Or Contact Me On Facebook
Contact ==> www.facebook.com/ryan.manjothi
customers, possibly including nation states, or individuals and groups that could secretly represent terrorist groups.
Terrorism Linked to Cybercrime
The proportion of cybercrime that can be directly or indirectly attributed to terrorists is difficult to determine. However, linkages do exist between terrorist groups and criminals that allow terror networks to expand internationally forexmple
1. US water plant has been credited to an unknown attacker who managed to access a SCADA controller and take over systems.According to a report at V3.co.uk, the hacker used the compromised SCADA system to turn a pump off and on again several times before causing it to fail.This happened on 8 November 2011 and has once again caused security experts to question the security of SCADA systems.
2. Moreover estimates say that up to 90% of computer software used in China is pirated, and thus open to hijack through computer viruses.
http://www.networkworld.com/
3.Hackers are able to disrupt e-commerce by engaging in denial of service attacks and by compromising online banking payment systems. Identity takeover can
also affect online banking, as new accounts can be taken over by identity thieves, thus raising concerns regarding the safety and soundness of financial
institutions.
4.According to Meridien Research, estimated fraud loss for the credit card industry amount to $1.5 billion annually.
5.Health care fraud includes frauds perpetrated upon government-sponsored and private health care benefit programs by insiders, the insured, and providers.
6. According to an FBI report on insurance fraud, published on its web site under “The Economic Crimes Unit” section, total insurance industry fraud is 27.6 billion annually.
However preventing, detecting, investigating, and prosecuting economic crimes must become a priority,otherwise the world could be in danger of slipping further behind the highly sophisticated criminals.
For Any Query Leave A Comment Or Contact Me On Facebook
Contact ==> www.facebook.com/ryan.manjothi
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