Essay on The Internent Grows More Dangerous - 1048 Words

As the internet grows vastly the more dangerous it becomes to its users. With the new advances in technology cyberspace fraud has been increasing. These new advances have made the internet vulnerable to various kinds of e-commerce fraud. New techniques to detect and prevent cyber fraud have been developed to discover and prevent criminals before the fact, rather than after the damage have been done. Individuals and businesses should recognize each new cyber attack and make themselves aware of the consequences each attack can create. This paper will discuss the new cyber attacks that are increasing and how individuals and businesses are affected. Internet Grows More Dangerous Cyberspace fraud has been increasing vastly with new†¦show more content†¦The article then goes on to discuss how dependent society is on cyberspace and how they have become more susceptible to cyberspace threats. It also talks about how dependent society is of the internet, â€Å"online banking travel , entertainment, and stock brokerage services† (25). With this increased activity makes the internet an enticing target with more opportunities and weaknesses for cyber crime. Criminals are learning new methods to perform cyber crimes more efficiently and effectively. However, these crimes are not just affecting individuals, businesses also fallen victim to these crimes every day. Some of the largest and most profitable cyber crimes of 2010 were reported by the Internet Crime Complaint Center were:, auction frauds, counterfeit cashier’s checks, credit card fraud, debt elimination schemes, parcel courier e-mail schemes, employment and business opportunity frauds, escrow services frauds, identity theft, internet extortion, investment frauds, lotteries, hoaxes like the well-known â€Å"Nigerian letter scheme, phishing, and third-party receiver of frauds schemes. The outcome of the highest-profile frauds included company employees who unintentionally gave access to crimi nals; particularly those â€Å"seeking to steal confidential customer information† (26). This type of crime is called a lax password policy. An example of this type of