Cyber crime is a cause of widespread concern today, as so many people use technology to store and transmit sensitive data. There are a number of problems that people suffer as a result of these crimes, but also some straightforward measures we can take to protect ourselves.
Perhaps the worst problem stemming from this is the financial impact. If someone has his or her bank account emptied, or has false credit lines created under their name, they are potentially liable for large sums of money. Even if they can avoid the consequences, their bank or finance company has to cover the losses, which can damage their performance. Further problem is the way in which these stolen funds are used to subsidize other crimes, such as drug distribution or even terrorism. Once the money enters the criminal networks, we have no way of knowing how it will be used. Finally, there is the problem of anxiety and stress caused to the innocent victims of these crimes. The initial shock is often followed by months or years or legal wrangling, paperwork and a sense of insecurity.
Turning to possible solutions, probably the most effective measure is to improve personal security, ranging from passwords to the shredding of documents. This denies the criminals the raw materials to work with. Secondly, we should raise awareness of the risks among the elderly or the very young – two groups who are often specifically targeted – via publicity and public education. Ultimately, however, it is the financial companies who can make the greatest contribution, by increasing their security and detection systems – ideally in partnership with the police.
Overall, the problems caused are both financial and social, and the solutions should involve coordinated action by individuals, corporations and the state.
Cyber
crime
is a cause of widespread concern
today
, as
so
many
people
use
technology to store and transmit sensitive data. There are a number of
problems
that
people
suffer
as a result
of these
crimes
,
but
also
some
straightforward measures we can take to protect ourselves.
Perhaps the worst
problem
stemming from this is the financial impact. If someone has
his or her
bank account emptied, or has false credit lines created under their name, they are
potentially
liable for large sums of money. Even if they can avoid the consequences, their bank or finance
company
has to
cover the losses, which can damage their performance.
Further
problem
is the way in which these stolen funds are
used
to subsidize other
crimes
, such as drug distribution or even terrorism. Once the money enters the criminal networks, we have no way of knowing how it will be
used
.
Finally
, there is the
problem
of anxiety and
stress
caused to the innocent victims of these
crimes
. The initial shock is
often
followed by months or years or legal wrangling, paperwork and a sense of insecurity.
Turning to possible solutions,
probably
the most effective measure is to
improve
personal security, ranging from passwords to the shredding of documents. This denies the criminals the raw materials to work with.
Secondly
, we should raise awareness of the
risks
among the elderly or the
very
young
–
two groups who are
often
specifically
targeted
–
via publicity and public education.
Ultimately
,
however
, it is the financial
companies
who can
make
the greatest contribution, by increasing their security and detection systems
–
ideally
in partnership with the police.
Overall
, the
problems
caused are both financial and social, and the solutions should involve coordinated action by individuals, corporations and the state.