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The impact of cybercrime on life

The Internet can be a dangerous environment for children and also for adults. Especially, in this digital period where social media such as Facebook, Instagram or the Internet in general play an inseparable role. Protecting especially children on the Internet requires high awareness about the risks and advanced IT skills — as a parent you have to know what dangers lurk and how to safeguard against them.

Here are the six greatest risks that kids face online:

  • Cyberbullying
  • Accidentally Downloading Malware
  • Grooming
  • Phishing
  • Posting Private Information
  • Chat room “friends”

However, not only children are confronted with virtual threats. The cybercrime landscape is enormous, and there are varieties of ways in which cybercrimes can catch up directly with you. Cybercriminals attack human ignorance, nescience and comfort, which can cause a loss of identity and finances. What should people be aware about? Criminals consciously design their traps by taking advantage of human weaknesses or human behavior, such as:

  • individual’s willingness to trust others
  • suggested urgency or importance of a message
  • signs of legitimacy or authority in a message or individual (branding identical to the official branding of an individual or organization to cultivate trust)
  • fear of situations that are high stress or where individuals can be highly anxious
  • convenience (the easier decision may not be the most secure)
  • individuals’ tendency to overshare personal identity details online (especially on forms of social media, including Facebook, Twitter, LinkedIn)
  • unfamiliarity with new forms of technology which open individuals to risk
  • individual’s underestimation of the situation

If a person remains in the behaviour shown above, he or she will face a higher risk to become a victim of cybertheft. Cybertheft is a type of crime when financial or personal information is stolen through the use of computers. Cyber thieves are sophisticated and can breach security measures data.

In the first phase, the offender must first acquire a foreign computer identity. This is most often done by stealing electronic data (passwords, access data, etc.), usually by unauthorized copying (skimming), deceitful phishing or hacking. This is called identity theft. In the second phase, the perpetrator misuses the identity. The aim is generally property benefit. In some cases, the aim may be simply to harm the victim, for example by acting under his name in social networks such as Facebook.

The defence is not complicated – it is important to follow a few simple rules:

  1. monitor the account
  2. buy on secure websites – if there is a green padlock icon before the “https,” you know off the bat you’re on a secure website
  3. be careful about opening untrustful emails

Cyber theft is when your financial or personal information is stolen through the use of computers. Cyber thieves can target banks, corporations and individuals.

In the first phase, the offender must first acquire a foreign computer identity. This is most often done by stealing electronic data (passwords, access data, etc.), usually by unauthorized copying (skimming), deceitful phishing or hacking. This is called identity theft.

In the second phase, the perpetrator misuses the identity. The aim is generally property benefit. In some cases, the aim may be simply to harm the victim, for example by acting under his name in social networks such as Facebook.

Impact on individuals, companies and society

Cybercrime has a direct and significant impact on jobs, innovation, economic growth, and investment. Additionally, IP theft makes up at least 25% of cybercrime costs, and has an especially high threat to military technology. Two areas of cybercrime that are difficult to measure are IP (IP address) theft and loss of opportunity.

Individuals and businesses can suffer significant financial loss because of cyber crime with the most obvious impact being theft. Loss of business can also be significant in the instance of a denial of service attacks for large corporations

It may make life easier, but it also leaves us vulnerable to risk. Because of this, cyber security is top priority and affects our daily/working lives greatly. Breaches in cyber security can be catastrophic for organisations and their employees or client base.

Damages from cyberattacks and cyber theft may spill over from the initial target to economically linked firms, thereby magnifying the damage to the economy. Firms share common cyber vulnerabilities, causing cyber threats to be correlated across firms.

Crime affects everyone and in future cybercrime (and cyber security) is going to affect people more and more. No one is safe – it impacts the rich and the poor:

  • Anyone with a mobile phone in their pocket.
  • Anyone who has a bank account.
  • Anyone who stores important files on their computer.
  • Anyone whose name is in a direct marketing database.

Cyber crime is not some futuristic possibility. It is being committed every day right now. Thieves commit cyber crimes to steal people’s money and their identity. With your identity, the thief can take out loans, incur credit, accumulate debt and, then flee without a trace. It can take years to rehabilitate your identity. A virus can destroy someone’s files and a lost database can result in receiving unwanted sales calls.

Cyber security is important for national security – securing this beautiful country of ours.

  • There are some state secrets that must remain secret.
  • The personal safety of our leaders is very important.
  • The fingerprint database and Home Affairs database must be secure.
  • Terrorists must not be able to halt trading on the important national and world database with sensitive data.

But national security cannot override our personal freedom we fought so hard to achieve:

  • Our freedom of speech is crucial.
  • A free press holds people to account.
  • Personal privacy ensures democracy.
  • Freedom to do things online without surveillance.
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