What is Cybercrime - cyercrime definition - Cyber Security Tutorial

Just like regular crime, it also exists on the Internet. Here are some examples of Cyber Crime

Increasing Crime

Cyber Crime has been increasing regularly every year. Why is Cyber Crime on the rise? Here are some reasons:

Easy to accomplish
Risks of getting caught is Low
Little work Which results in high returns
Attackers aims thousands of victims
Money based attack is done easier with Cryptocurrencies
Challenges like identify theft can have significant consequences on an individual, causing not only the potential of financial losses but also a lot of personal grief.
The Internet offers many services to facilitate money laundering, usually making it a trivial process.
As money is exchanged in cryptocurrency, services make it hard to track the money.
Tumblers are services which split up cryptocurrency transactions and forward the money through many accounts, with different values, for thousands of people, making them hard to track.

Who are Cyber Criminals?

It can be anyone, but let’s deal with some common ones where we see in the media all the time:

Cybercriminals are individuals or teams of people who use technology to commit malicious activities
On digital systems or networks with the intention of stealing sensitive company information or personal data, and generating profit.
State-sponsored groups [Scammers] targeting organizations in other countries
Hacking Groups out to target companies to make them pay ransom

Cyber Criminals can stay anonymous with trivial means, and typically easy to avoid getting caught.
When attackers do get caught, it is often because of mistakes made by the attackers themselves
For example as a result of becoming complacent.
There is also a great deal of potential for law-enforcement to use caught cyber criminals to rat out others in the industry.
Law enforcement do, however, have many challenges in tracking down cyber-crime.
You might see attack traffic coming in from a system residing in UK, and when taking down this system, you realize it was being remotely controlled by e.g. another system in US.
Cooperating with law-enforcements across borders, you might be able to get to the system in India, but only to realize it was again remotely controlled through e.g. Russia