Cyber Crime Prosecution (Research Paper Sample)

my task was about cyber crime and its impacts,As the use of the internet continues to grow, the threat of cybercrime will continue to increase. Businesses rely on connectivity and data to conduct business. According to a McKinsey report, the internet has an $8 trillion annual economic impact, with the smallest firm able to have an international reach. But despite the economic impact of the web, a lack of legal justification can lead to overcriminalization and moral overreaction.
The costs of cybercrime are rising rapidly, resulting in a large threat to internet users and the global economy. In 2016, IBM CEO Ginni Rometty described cybercrime as the number one threat to every profession. The cost of cybercrime is expected to reach $6 trillion by 2021, according to a Ponemon Institute study. Its findings suggest that organizations that suffer at least one breach during 2016 lost an average of $4 million. In addition, 98 percent of data security breaches are caused by malicious intent.
While the likelihood of detection is low, organized crime organizations are increasing their use of technology and the internet as a means of crime. The likelihood of being targeted by a cybercrime group is less than one percent in the U.S. As people become more aware of cybercrime, they are more likely to commit crimes that may affect them.
There are many forms of cybercrime, including organized crime groups. Organized criminals have a growing dependence on technology to make money, and the use of high-tech crimes makes the internet a tempting option for illicit activities. However, catching criminals using cyber tools is a major challenge for law enforcement. Once boundaries existed between countries, cybercriminals have eliminated them and have become the biggest threat to global society and commerce.
The impact of cybercrime on society is enormous. It has implications on national security, public health, and personal privacy. In the U.S., the likelihood of detection is 0.05 percent. Ransomware is a type of malware that blocks access to files and threatens to destroy information unless the victim pays a ransom. It is now the preferred method of cybercriminals.
Cybercrime is a serious threat to society, affecting not only the real world but also the virtual. For instance, it can impact both the real and virtual bodies. Identity theft is a big example of cybercrime. While the United States doesn't have an official identity card, it uses its Social Security number as a de-facto identification number. Taxes and other private institutions use this number, and the theft of this number allows for a person to gather citizenship documents.