Abstract
“Cybercrimes and cyber criminals seem to be everywhere now and Taking cyber security seriously could mean the difference between Business success and failure”.
The purpose of this paper is to find out the reasons for increase and ways of detecting and preventing cybercrime in businesses. Cybercrime is a fast-growing area of crime. More and more criminals are exploiting the speed, convenience and anonymity of the Internet to commit a diverse range of criminal activities that knows no borders, either physical or virtual.
There are many ways and means of preventing cybercrime which includes education and training of staff and securing company digital assets. Simple preventative measures as these can go a long way in combating cybercrime.
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In addition, legitimate civil liberties could be argued in favor of not monitoring the information technology. All of these things make it more difficult to deal with cyber-crime
If the “perfect crime” is one that goes completely undetected, corporate cybercrime is the perfect example. Corporate entities are being breached on a daily basis, often completely unaware that their valuable corporate information assets are being stolen. Cybercriminals, operating quietly and anonymously, are rummaging through corporate accounts for confidential data, leaving without a trace, and then using or selling the information for economic gain.
This widespread, coordinated criminal effort is enabled by a plethora of vulnerabilities of the Internet, browsers, operating systems, and applications that are easily exploited by cybercrime techniques. Cybercriminals have found that compromising employee endpoints is a far simpler path into the corporate network than directly attacking networks. Unpatched “zero-day” vulnerabilities allow cybercriminals to secretly install malware on employee endpoint devices and essentially gain the same level of access to the corporate network, applications, and data that employees