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Friday, 27 December 2019

December 27, 2019

Cyber Extortion

Cyber Extortion


 A crime involving an attack or threat of an attack coupled with a demand for money to stop the attack. One form of cyber extortion is the ransom ware attack, in which the attacker gains access to an organization's systems and encrypts its documents and files -- anything of potential value -- making the data inaccessible until a ransom is paid, usually in some form of crypto currency, such as bit coin.
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December 27, 2019

Types of Cybercrime

Types of Cybercrime


As mentioned above, there are many different types of cybercrime; most cybercrimes are carried out with the expectation of financial gain by the attackers, though the ways cybercriminals aim to get paid can vary. Some specific types of cybercrimes include the following:
  • Cyber extortion
  • Crypto jacking
  • Identity theft
  • Credit card fraud
  • Cyber espionage
  • Software piracy
  • Exit scam


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December 27, 2019

How cybercrime works?

How cybercrime works?



Cybercrime attacks can begin wherever there is digital data, opportunity and motive. Cybercriminals include everyone from the lone user engaged in cyber bullying to state-sponsored actors, like China's intelligence services. Cybercrimes generally do not occur in a vacuum; they are, in many ways, distributed in nature. That is, cybercriminals typically rely on other actors to complete the crime, whether it's the creator of malware using the dark web to sell code, the distributor of illegal pharmaceuticals using crypto currency brokers to hold virtual money in escrow or state threat actors relying on technology subcontractors to steal intellectual property (IP).
Cybercriminals use various attack vectors to carry out their cyber attacks and are constantly seeking new methods and techniques for achieving their goals, while avoiding detection and arrest.

Cybercriminals often carry out their activities using malware and other types of software, but social engineering is often an important component for executing most types of cybercrime. Phishing emails are another important component to many types of cybercrime but especially so for targeted attacks, like business email compromise (BEC), in which the attacker attempts to impersonate, via email, a business owner in order to convince employees to pay out bogus invoices.



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December 27, 2019

Defining Cyber Crime

Defining Cyber Crime



The U.S. Department of Justice (DOJ) divides cybercrime into three categories:


  • crimes in which the computing device is the target -- for example, to gain network access;



  • crimes in which the computer is used as a weapon -- for example, to launch a denial-of-service (DoS) attack; and



  • crimes in which the computer is used as an accessory to a crime -- for example, using a computer to store illegally obtained data.
The Council of Europe Convention on Cybercrime, to which the United States is a signatory, defines cybercrime as a wide range of malicious activities, including the illegal interception of data, system interferences that compromise network integrity and availability, and copyright infringements.
Cybercriminal activity may be carried out by individuals or small groups with relatively little technical skill or by highly organized global criminal groups that may include skilled developers and others with relevant expertise. To further reduce the chances of detection and prosecution, cybercriminals often choose to operate in countries with weak or nonexistent cybercrime laws.

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