Electronic Fraud Transfer Crime Software â€Myassignmenthelp.com

Question: Discuss About The Electronic Fraud Transfer Crime Software? Answer: Introduction Nowadays, with the advancement of internet and its technologies, the issues of their security such as hacking, phishing and other cyber-attacks have raised at large extent. These issues are commonly known as cyber-crimes. Due to these cybercrimes, internet users are worried about security and privacy of their information that is transferred over internet. The different types of cyber-crimes are hacking, electronic fraud transfer crime, malicious software, telemarketing fraud etc. The purpose of making this report is to emphasize on ten topic of cyber-crime and provide detail discussion about those topics. Discussion Cyber-crime is committed over internet by professional hackers and invaders. It has very bad impact on common user and business organizations those are fully concerned with internet to perform their different business and other activities. Now in upcoming paragraphs, I will briefly discuss each cyber-crime. Hacking It is one of vulnerable cyber-crimes. Through this cyber-crime, computer of an individual is accessed by an unauthorized user without permission of that individual. This crime is done to access the personal and confidential information from an individuals system. There are various hacking software available that are used by cyber-attackers (Banyeresdelpenedes.com, 2017). Hacking is not an easy to do and sometimes, hackers do unexpected things such as system breaking and stealing of a secure data. Moreover, it is surprising to believe that hacking can be good or evil (TechRepublic, 2017). It can be a fraud of rights of people or can be done for safety purposes of them. But in most of the cases, hacking has always put bad impact on internet users. There are several examples of vulnerable hacking cases that are concerned with large business organizations such as eBays database hacking case is considered most vulnerable case of hacking where most of the confidential information is access ed from companys computer by operating its secured password. In this way there are various other companies exist those have already encountered this issue (Geek.com, 2017). It is commonly seen that hackers mostly try to hack banking and e-commerce websites that are used by users for money transactions. Therefore, I can say that to get prevention from hacking, secure software solutions should be used that can protect system from unauthorized access. This is required when our computer is connected with internet. Theft Theft is also a harmful cyber-crime. While committing this digital crime, copyrights are violated by a person. It is commonly seen that while downloading movies, music, video, e-books and any other digital material copyrights are broken by users and it is unethical form of accessing information from internet. This cyber theft is also known as online piracy. This piracy has influence on many people, especially in film industry it hurts emerging artists as well as established artists. Here I would like to give an example of Hollywood Studio where financial backing was implemented to track illegal streams and downloads. From outcomes of this process, loss of millions of dollars was estimated. This cyber-crime of online piracy so much hurts independent creators who do struggle for making a particular movie, videos and other digital material (Granados, 2017). It is commonly seen that how uTorrent is used to download movies, videos etc. by using hacking techniques and it is considered as t heft of digital data. Moreover, in case of music industry, a video album is produced with hefty cost and due to online theft, a creator bear heavy loss. It is very important to fight against internet piracy, otherwise it will become difficult for people to survive. Not at the end of a particular industry but also at end of lawmakers, online piracy should be abolished. This is a serious crime that must not be supported by people. Electronic Funds Transfer Crime In list of vulnerable cybercrimes, electronic funds transfer crime is also included. Under this digital crime, the information about an individuals credit cards, bank accounts, social security and other confidential information about their debits and credits is accessed by an unauthorized person without permission of owner. This way of obtaining information is form of hacking that results in financial losses and also demolishes credit history of a person. In most of cases, this electronic funds transfer crime is committed during cash transactions that are commonly done by people through e-commerce and e-banking services (A Sophisticated Approach to Detect Email Frauds, 2016). According to analysis, dramatic rise has seen in this cyber-crime and it is commonly known as social engineering fraud. There are several people who have become victim of this electronic funds transfer crime and law enforcement agencies have received various reports of this fraud. To commit this crime, a fraud s cheme is implemented and under this scheme legitimate superficial emails or other digital communication channels are used by hackers to obtain the identity of people without their permission. To implement this fraud scheme, schemers target specific language that is used for all online transactions. In this way, schemers have different tools to do this digital crime. The main reason of increasing electronic fraud is inappropriate usage of its prevention techniques and lack of awareness among people. Malicious Software Besides above discussed digital crimes, malicious software is also a vulnerable cyber-crime. It is basically an internet-based software which is used to disrupt the network. The malicious software has potential to steal confidential information from system. Moreover, it also causes damage to other software that exist into the system. There are different types of malicious software that are used by cyber-criminals to damage the computer systems and networks of its users. But ransomware is a dangerous form of malicious software that has potential to locks up the files on computer, encrypt them and to damage those files (Press, 2017). According to analysis, I got to know that malicious software has three major types such as adware, riskware and pornware. The biggest threat of adware malicious software is that these are able to hack the system and can collect confidential data that is related to host computer and this data may include IP address of user, browser, most visited sites and u sed operating systems. On flip side, the type riskware is basically concerned with legitimate programs that can be used for vulnerable attacks. This type of malicious software includes IRC client programs, password utilities, telnet and proxy. In case of pornware malicious software, it causes contents that are related to pornography and it is displayed on users systems. These software programs are installed into system with approval of user, but a user cannot understand that it is malicious for his system and gives permission to them to enter into system (GIERSZEWSKI, 2016). Cyber Stalking This kind of cyber-crime is also known as online harassment. In this crime, various illegal online messages or emails are send to people and due to this crime, targeted people have to face various problems of stealing information. Cyber-Stalking is also known as online stalking. It is basically defined as usage of internet technology to harass someone. There are some characteristics of Cyber-Stalking such as false accusations, monitoring, identity theft, threats and data destruction. Moreover, this crime is also related to exploitation of minors. The impact of cyber stalking can be terrible (Lacroxin, 2017). It can destroy credit, careers, self-image, friendships and even confidence. When cyber-stalking is combined with real-world stalking, then it can cause physical danger. This is really a serious matter and it is properly analyzed that victims of domestic violence are mostly considered as cyber-stalking victims. In cyber-stalking, cyberstalkers mostly prefer to use spyware softwar e that is helpful to monitor everything that happens on users computer or cell phone. It is a tremendous source of power and information for cyber-stalkers. This digital crime of cyber-stalking is a serious offence and it is necessary to find resolution of this problem of cyber-stalking. One of the anti-stalking tips is management of good password and security. It is management for every user to change passwords at frequent basis. Furthermore, the care over physical access of computer and web-enabled devices is also required because hardware and software devices are also used by cyber-stalkers to monitor victims (Shpantzer, 2017). Terrorism and Extortion This digital crime encourage terrorism activities. Through this cybercrime, a number of individual and protest groups try to hack the certified web pages of different governmental and commercial organizations. On governmental and enterprise related websites, hefty amount of confidential information is stored and this information should be secured. To achieve this goal, better security measurements are required. All terror groups that are involved in this digital crime of extortion, they have motive to get money from transactions of business enterprises. The lack of awareness about this issue may cause several issues for chief security officer of enterprise. Furthermore, the violence against personal and corporate assets can also occur to large extent. There are several countries that are influenced by terrorism and extortion digital crime and Nigeria is one of those countries. The Nigerian terror group MEND was notorious among people for its extortive acts and kidnappings. The reduct ion of this terror task should be done at priority basis. To do this, the support at countrys government, business, labor and civic entities and non-governmental institutions is required. Besides this, IT users should also need to aware about cyber terror attacks and their impacts, so that appropriate solution can be implemented to get better prevention. In banking sector where various transactions are done by users, there high level security is required to stop terror and extortion cyber-crimes. Telemarketing Fraud This fraud of telemarketing is considered a simple but vulnerable digital crime. In this crime, an unknown person calls the victim, makes a false statement to provide best offers to the victim after paying money to the caller. The wide range of scams are covered in this scam such as won prize for foreign tour by submitting your personal detail and some amount of money. Some victims accepts this request and submit their personal information with bank details. Further, scammers use this information to access your bank accounts. Telemarketing fraud has raised to large extent and it has become necessary to get rid of this problem. The recognition of telemarketing fraud is difficult, so here I would like to suggest some schemes for getting prevention (Findlaw, 2017). The prevention is registration of mobile or home numbers with the particular registry of National Do Not Call. This is because, telemarketers are not allowed to call on this number and any call from this number consider as sc am. Another solution is that, whenever a person receives any call from telemarketers then he or she should not provide personal information to caller. But if an individual is interested into given offer then he or she can ask caller to send information about offer by email to make decision later. Moreover, do not take pressure to make decision in hurry, because in telemarketing fraud caller always wants you to make quick decision (Kulkarni, 2016). Denial of Service Attack This digital crime is also considered as very harmful and by committing this crime a cyber-criminal can deny access of server from users. Eventually, cyber-criminals do virus attack on server to stop access of information that is available on servers website and its database. Here criminals mostly put their focus on web server of a particular website and send several requests to it at a time (Ydstie, 2017). Due to this, maximum bandwidth of the website is used by criminals that slow down the website. Moreover, this website also becomes unavailable for some time for its users. DDoS attack is mostly implemented on application layer of network by hackers. This cyber-crime has put influence over business enterprises through large-scale attacks. However, these organizations are using security tools to get prevention but still DDoS attack is frightening applications and business. While implementing denial of service attack, malware virus is used which is considered most harmful DDoS attack . To get rid of DDoS attack, better defense solutions are necessary to use by IT users. These solutions should be in proactive and reactive mode which is basically based on preference of business. It would be helpful for appropriate protection. If I talk about network layers, then not only at application layer but also at other layers such as network or session layers, security should be maintained. Data Diddling This digital crime is related to modification of data without any authorization for that data. This is done with the help of virus programs those have potential to change the systems data that is entered by a user. Data diddling is considered as common method of computer related crimes. The modifications in data occurs before, during and after inputting the data. The most commonly affected things by data diddling are banks, payrolls, credit records, school transcripts and other forms that require data processing. There are several cases of data diddling have registered in cyber law. As we know in banks and other online businesses, confidential information is transferred over internet. Therefore, hackers mostly put emphasize on these transactions to steal or modify this information. Due to amendments in amount and other personal inputs, heavy loss are encountered by users. To get rid of this problem, it is necessary to maintain security at users end. They should concern with their sec urity experts to sustain high level security of their network, database and computer. Every potential security tools such as anti-virus, use of strong passwords and security of network layer etc. should be used by users. It is responsibility of system administrator to check that only authorized persons should have permission to access information from of different departments in an organization. Spamming It is also a harmful cyber-crime activity that is performed by cyber criminals to access confidential information from internet users by sending fake emails to them. Spam email is known as junk mail that sends a message to victim with a web link or some business proposals by spammer. Multiple emails are collected from different websites by criminals and on those emails proposals are sent. When user receives spam email then he clicks on link that results to install malware into system and user redirects to phishing website. Spamming has become a biggest threat for internet users and it is an easier and common method to collect information by using emails (Jain, 2016). It is commonly seen in inbox that various spam emails have received from unknown entities and all these have purpose to collect personal and financial information of a user. Spamming emails not only steal information but also damage system files if they contain virus. The best way to get rid of this problem is that do no t open spam emails and just discard them with one click. Otherwise, sometimes with opening of spam emails, virus can directly attack on system. Besides this, by using email filters, emails can be squeezed. Filters can restrict to enter spam emails into users account and security of account will remain for long time. References Banyeresdelpenedes.com. (2017). Great Essay Example on Different Types of Cyber Crimes. Retrieved 11 September 2017, from https://www.banyeresdelpenedes.com/great-essay-example-on-different-types-of-cyber-crimes.asp Ddosattacks.net. (2017). accounting layer DDoS attacks rising | DDoS Attacks. Retrieved 11 September 2017, from https://ddosattacks.net/application-layer-ddos-attacks-rising/ Findlaw.(2017). Telemarketing Fraud - FindLaw. Retrieved 11 September 2017, from https://criminal.findlaw.com/criminal-charges/telemarketing-fraud.html Articles-about-spam.com. (2017). Am I a Spammer?. Retrieved 11 September 2017, from https://www.articles-about-spam.com/am-i-a-spammer.shtml TechRepublic. (2017). Hacker vs. cracker. 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