Cyber Crimes That Affect The Business World - 832 Words

Introduction Today we are going to talk about cyber-crimes that affect the business world. Cyber-crime in the business world Cyber-crime can occur in a number ways. Most of them can have a significant impact on a business. (Business Law, p. 143-157): 1. Credit card Theft-When a credit card is stolen from a consumer it often hurts the merchant and the issuing bank significantly greater. This is due to the owner of the credit card not being charged for any fraudulent charges on the card when it was stolen. The merchant and issuing bank must absorb the loss 2. Hacking-This occurs when a person who has significant knowledge about computers and are capable of accessing files, passwords, documents, etc., through the computer. These people often have skill to do this to hundreds maybe even thousands of computers at a time, even before the authorities realize what is going on. 3. Malware- Is a virus, worm, or botnet that attacks a computer in order to harm the computer or the person who owns the device. 4. Juvenile cyber-crime-Juvenile’s tend to get away more with cybercrimes for 3 main reasons. First, they do not sometimes realized that hacking is unethical, they think it’s fun. Second and third, they can do things anonymously due to being a juvenile and they do it from home. 5. Hacking and cyber terrorism-Skilled hackers more often than not try to attempt to attack big companies and offices ie., Microsoft, as well as the FBI. 6. Pirating of intellectual property-StealingShow MoreRelatedShould Government Implement Laws For Cyber Crime?977 Words   |  4 PagesGovernment implement laws to prevent cyber crime† Today is the era of technology and globalisation, as it connects the whole world together but also opens new ways to crime. Cyber crime is the result of negative use of technology. 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