What is Online Cybercrime?
Online cybercrime consists of a variety of crimes that take place using computer systems. This can include identity theft, credit card fraud, extortion, and theft of classified information. This is often the result of theft of private and monetary information. Phishing is another form of cybercrime. Software piracy can also be considered an online form of cybercrime. As the term suggests, the purpose of phishing is to entice people to provide their personal information or download a malicious program.
A recent study cited that nearly half of all global cybercrimes involve the theft of sensitive information, including financial and personal data. According to the study, the likelihood of being identified and prosecuted by law enforcement is only 0.05 percent in the United States. Ransomware is an example of an online cyber crime. It infects computer systems, and demands ransom payments in return for the data. It is a well-known attack method and has become epidemic in the world.
A phishing attack entails tricking you into giving out information that you don’t know. This allows the phisher to steal your data, upload a Trojan or other malicious software, and cause severe damage. A successful phishing attack can cause significant damage, from lost productivity to direct financial loss. Some of the damages caused by phishing attacks include intellectual property, direct monetary loss, compliance fines, and lost customers.
Cyber-extortion is an online crime where a perpetrator asks for money or information from a victim by threatening to publish their personal data, photos, or recordings. Cyber-extortion isn’t just a problem for women. It can also be used to harass men. This type of crime can be motivated by many factors, from simple pranks to more serious acts.
Software piracy refers to the unauthorised copying of software purchased from consumers. Software licenses are usually limited to one person or one computer site. Licensees are only permitted to make backup copies of the software, and are not allowed to distribute unauthorized copies. Software piracy can be considered a violation in copyright laws. Companies who create these products bring legal action to protect their interests. These crimes can be particularly severe.
Unsolicited bulk email sending for commercial purposes (spam),
It is possible to send bulk emails without being prosecuted, despite the common misconception that it is illegal. In fact, spam is an actual crime. The CAN-SPAM Act bans commercial messages that promote commercial websites. Spammers are not allowed to send unsolicited messages with false headers, except in certain cases, such as business-tobusiness email.