Rapid Technology Progress

Business Information Systems (Student Details) Business Information Systems Page 2 Cybercrime Rapid Technology Progress And Improvements Have Offered Companies Of All Sizes With Enormous New Opportunities And Effective Sources . The Internet mostly supports technical progress. In other words the internet makes the globe smaller, bringing remote item s closer together. The internet has become a inter national asset, but it also depends on the entire national security system that no such risks associated with it are entertained in the form of cyber security risks . However, these new technologies have als o brought along with them enormous risks. Cybercrime is a crime that uses a computer for crimes such as hacking, spam, phishing, etc. The computer and internet technology of cyber -criminals is used to breach personal computers, smart phones, social media personal data, corporate secrets, national secrets etc. Hackers are termed criminals carrying out unlawful operations over the internet. Although , the law enforcement authorities strive to address this problem, it is steadily expanding and many individuals have been the victims of identity theft, hacking as well as malware. One of the most effective methods to deter thieves and safeguard sensitive information is to employ impenetrable security, which employs a unified system of software and hardware to veri fy any information accessible over the Internet (Weissbrodt, 2013) . Parties who indulge in cyber crimes/ attacks Anyone who has remote access to the assets of the organization can create cyber threats such as trusted employees indulges in accidentally misp lacing information, disgruntled employees, malicious insiders, careless employees remiss of procedures or policies. Also, clients, supplier, contractors or business partners can have access to the critical assets which further insider threats for the busi ness. In terms of outsiders, cyber criminals are the most potential threats and damage to the business. These usually include organized criminals, professional hackers or amateur hackers, etc. In order to steal sensitive information of companies or persona l data and generate benefits, cyber criminals are persons or groups who utiliz e technology to conduct cybercrimes. They are the most apparent and aggressive sort of attacker in today's world. Individuals or groups of hackers who engage in malicious activity to propagate a political goal, religious conviction, or social philosophy are referred to as hacktivists. Hacktivists are not the same as cybercriminals who Business Information Systems Page 3 break into computer networks in o rder to steal data for monetary gain. They are people or groups of hackers who work together to combat injustice. They operate together. State -sponsored attacks have certain aims linked with their nation of origin's political, trade, or military interests. Government organizations employ highly experienced hackers who specialize in finding and exploiting flaws before they are fixed. Due to the huge resources available to them it is exceedingly difficult to defeat the invaders (Yar and Steinmetz, 2019) . Dif ficulty to encounter cyber attacks It would be exceedingly difficult to strike back if the attack cannot be attributed or if there were ambiguity as to who was responsible. Cyber assaults are hard to accurately attribute to particular perpetrators, contrar y to traditional attacks. In the case of a large cyberattack, there would be immediate — and perhaps intense — pressure to respond. However, if a country responds and the forensics is incorrect, the response will have unnecessarily and accidentally sparked a c onflict (Eddolls, 2016) . During the development of successful solutions, several institutions devote considerable resources. Governments aim at disturbing adversaries and other government stakeholders, companies promote cyber security, academics and associations’ foster discourse, collaboration, and technology firms develop advanced cyber security services. These efforts, however, are not as necessary. Whether the case if for a small local business, a worldwide corporation with extensive supply chains, an individual with a mobile p hone, or a government agency responsible for national security, the degree of exposure and duty to prepare for cyber threats is quickly rising. Unless and until increasingly complex security solutions are created and implemented, antagonists will continue to outperform security systems (Brewer et.al, 2019) . Recent examples of Cyber crime/ attacks On March 28, 2021, the Australian broadcaster Channel Nine was struck by a cyber assault, which prevented the channel from airing its Sunday news bulletin and nume rous other programmes. Due to the lack of internet connection at the network's Sydney headquarters, the assault also disrupted activities at the network's publishing division, as some of the publishing Business Information Systems Page 4 tools were also unavailable. Although the station firs t claimed that the outage was caused by "technical issues," it later verified the cyber assault. In March 2021, a ransomware assault was committed on the London based Harris Federation and the devices and emails in all 50 of the secondary and primary acade mies which it oversees were disabled momentarily. Over 37,000 students were unable to access their coursework as well as communications as a result of this. The ransomware assault on 21 March 2021 was one of the largest cyber -insurance companies in the US CNA Financial. CNA was compelled to shut down to prevent future compromises. It interrupted the organization's customer and staff services for three days. The cyber assault made use of a new variant of the Phoenix CryptoLocker virus, a kind of ransomware. Any crime that occurs online is cybercrime. Cybercriminals frequently conduct crimes by attempting to compromise computer networks or devices. Cybercrime may vary from safety violations to identity theft (Security Boulevard, 2021) . Prevention of cyber crim es As an analyst these are th e ways , I will suggest through which cyber crimes can be prevented are - -Using full service suite for internet security by providing real time protection against the emerging malware which includes viruses or ransomware and also helps to protect financial information, -The use of strong passwords on different sites as well as changing passwords on regular basis, this will help in password management. -Keeping the antivir us software update d is also one of the ways to prevent c yber crimes by protecting operating and strengthening software security. -The management of social media settings is also essential; it usually includes so cial engineering cybercriminals. -It also includes strengthening of home networks such that cyber att acks can be reduced. Business Information Systems Page 5 -By being up to date on major security breaches, businesses can prevent the threats of cyber attacks. -It also includes the use of firewall settings to prevent cyber attacks ( Poonia et.al, 2011) . The strategies of Cybercrime prevention measures outlines the efforts of governments, corporations, academic institutions, organizations and the public to deal with cybercrime directly and indirectly in an effort to regulate and / or to minimize cybercrime. Such strategies cover legislative, ad ministrative, technological and institutional measures for systems, networks, services as well as data protection. Business Information Systems Page 6 References Brewer, R., de Vel -Palumbo, M., Hutchings, A., Holt, T., Goldsmith, A. and Maimon, D., 2019. Cybercrime prevention: Theory and applications . Springer Nature. Eddolls, M., 2016. Making cybercrime prevention the highest priority. Network Security , 2016 (8), pp.5 -8. Poonia, A.S., Bhardwaj, A. and Dangayach, G.S., 2011. Cyber Crime: Practices and Policies for Its Prevention. In The First International Conference on Interdisciplinary Research and Development, Special No. of the International Journal of the Computer, the Internet and Management (Vol. 19, pp. 1 -5). Security Boulevard. 2021. 10 Major Cyber Attacks Witn essed Globally in Q1 2021 . [online] Available at: [Accessed 7 July 2021]. Weissbrodt, D., 2013. Cyber -conflict, Cyber -crime, and Cyber -espionage. Minn. J. Int'l L ., 22 , p.347. Yar, M. and Steinmetz, K.F., 2019. Cybercrime and society . Sage.