What is cybercrime? An Inside Look At Cyber Threats

Determining what is a cybercrime

We often hear the term cybercrime, but what is cybercrime? It is crucial for individuals and businesses to know what it is and how it can affect them. Cybercrime can be defined as a wide range of malicious activities including the illegal possession of data, system interferences that compromise network integrity and availability of copyright infringements. Cybercrime is one of the biggest threats in the U.S. It has a significant impact on national security, economic advancement, and also public safety.

Here are some alarming facts about cybercrime:

• Cybercrime is now ahead of drug trafficking in terms of criminal revenue.
• Every 3 seconds, someone has their identity stolen due to cybercrime.
• Without a reliable security package, it can take only 4 minutes for a computer to be infected.

How & why is cybercrime committed?

Cybercrime is growing due to the drastic growth of the internet. Criminals are finding cybercrimes lucrative due to the speed of the internet, the ability to remain relatively anonymous, and the unfortunate ease of computer or network access due to poor cyber security.

Cyber criminals are using a number of different methods depending on their experience & overall goal. Below is a list of the most common cybercrimes that individuals and companies may face.

• Theft of personal data
• Hacking
• Online scams & fraud
• Identity theft
• Attacks on computer systems

One threat alone can completely ruin a person’s life or a company’s success. In 2014 , Mcafee reported that cybercrime cost businesses $400 billion worldwide and that impacted 200,000 jobs in the U.S. alone.

What now?

The first thing you should do is realize the severity of cybercrime and not ignore it. Cybercrime & cyber security are very complex and both are constantly evolving. Relying on your own knowledge if you’re not an expert will leave you susceptible to being a victim. Next you should consult with a security company about which security solutions are appropriate for you. A knowledgeable security company will be able to inform you on the potential threats you may face and what solutions will be able to protect you in the future. The last thing you need to do is find an affordable solution. That’s it! Once you are able to do that then the odds of being a cybercrime victim are severely reduced!