Cyber Crime and Businesses

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Cyber Crime

Every day millions in some cases billions of dollars are made by businesses from income brought in by online sale of products and services. As businesses continually develop and expand their client base with online products and services so does the desire by criminals to exploit vulnerabilities in their e-commerce setup. The mass worldwide internet usage growth within the last 20 years has been “an approximate 16 million users in 1995 to an estimated 2,937 million in March of 2014” As the importance of e-commerce increases so does the need to protect the technological infrastructure that will carry out online transactions for each business regardless of its size. I will attempt to highlight and review the history of a few cyber crimes to show the progression of the crimes within the last 30-40 years. I also plan to review how the economy and consumers are impacted by cyber crimes. Finally I will make an effort to contribute with information gathering on how to lower the risk of a cyber attack from and individual user to a large scale business.
The term “hacker” has been in use since the early 1980’s due to mass media usage to describe computer criminals. The use of this term is vastly used by the general population and most are not aware that there are different meanings to the word. People within the computing community especially within the programming subculture emphasize the use of the term “crackers” for computer security intruders (cyber criminals). Early hackers rarely used their skills for financial gain as a motivation for their criminal behavior in that time cybercrime was infantile and largely seen as a practical joke or game by those who committed it. Bob Thomas created the first credited computer worm n...

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... 1). A Short History of Hacking. . Retrieved , from!PVPc2
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