Information Technology on Financial Losses
If figures must be believed, the virtual world is not exactly asafe venue for business or private affairs. In its sixth annual ComputerCrime and Security Survey in 2001, the Computer Security Institute of SanFrancisco reported on mounting financial losses to computer crimes andother information security breaches, 85% of which were incurred primarilyby respondent large corporations and government agencies (Business Journal2001). A third of these respondents said that they lost almost $400 millionto cyber criminals in 2001 alone, an increase from a yearly average of $120million in the three years before 2000 and $265 in 2000, according to the The most common forms of losses have been theft of proprietaryinformation at an aggregate of $151 million and financial fraud at $93million. Almost all of these occurred through their internet connection incombination with their internal systems as points of attack (BusinessJournal). Despite the rise of the said crimes, only one of three reported The US Department of Justice released a list of prosecuted crimescommitted through the internet from 1998 to the present (2004). These
This Center makes its fullrange of computer and forensic capabilities available to solve and containcrimes in the virtual world where these are as prevalent as they are in thetangible world. It punishes anyone who knowingly accesses acomputer internet connection without authorization or in excess ofauthorized access and acquires information protected by the US governmentfor reasons of national security or foreign relations (DOJ). In the meantime, individuals must keepthemselves as updated as possible on cyber crimes and what corrective andpreventive recourses are open to them. The victim or offended party may also file a civil suit against theoffender in seeking compensatory damages and injunctive relief if thevictim suffers economic loss as a consequence (DOJ). Itprovides hundreds of leads on cyber crime to law enforcement agencies andconducts cyber training to these agencies on the federal, state, local andinternational levels. One reality that was not addressed and must be faced is the lack ofdual criminality (Ziff Davis Media), wherein a crime in one country is nota crime in another. The resort was said to be a haven to touriststhat preyed on minors for sex. One of these is theCyber Crime Center, the recognized and leading agency that conductsinternational investigations of crimes, which are committed or facilitatedthrough the internet (ICE Cyber Crimes 2004). Thisspecifically pertains to information that can injure the US or transmittedto any person not entitled to receive it. During the Convention, the USadministration asked the US Senate to ratify laws that would address thesedaunting probabilities (Ziff Davis Media). The investigation and arrests led thegovernment of Mexico to create a federal task force to deal with crimesagainst children in the country. These include the use of theinternet in committing violations against intellectual property rights,money laundering, narcotics trafficking, fraud, theft of cultural property(such as the missing Iraqi artifacts) and arms trafficking or illegalexports (ICE). Operation Mango, onthe other hand, was an extensive investigation on child sex violations inan American-owned beach resort in Acapulco, Mexico, which resulted in theclosing down of this resort. nclude the disabling of the control tower of a government facility,hacking, banditry or web banditry, theft of proprietary company informationby an employee or outsider, computer sabotage, embezzlement by un-authorized sales of items or services, un-authorized access into creditcard accounts, creation of destructive viruses or worms. An agreement in this direction will eliminate politicaldissidents of protection by another country and deny freedom of speech.
Common topics in this essay:
Davis Media,
Department Justice,
Cyber Crimes,
Computer Forensics,
Media Convention,
Business Journal,
Secret Service,
Acapulco Mexico,
Cyber Crime,
San Francisco,
davis media,
ziff davis,
ziff davis media,
cyber crimes,
law enforcement,
cyber crime,
law enforcement agencies,
child pornography,
enforcement agencies,
excess authorized access,
computer forensics,
council europe's convention,
personal rights,
protected computer,
europe's convention cyber,
|
Acceptance Essays
