As cybercrime is such a broad area that can be linked to traditional crimes, as well as computer only crimes, there is no consistent definition of cybercrime. However, it has been stated that computers need to be either the target or the tool of the crime for it to be considered a cybercrime. Cybercrime tends to be either a cyber-enabled or cyber-dependant crime.
Lots of crimes that existed prior to widespread internet use such as fraud and child pornography are now increasing in their magnitude with the use of computers, these are known as cyber-enabled crimes. Other examples of these crimes are theft, sexual harassment, money laundering and intellectual property offences.
Cyber-dependant crimes can only be committed using a computer and in these offences, technology is usually also the target.
The scale of cybercrime is considerably vast which makes it extremely difficult to get accurate figures. 59% of the global population have access to the internet which gives a substantial possibility of potential victims and offenders. Cyber-attacks are the quickest increasing crime globally. Currently around $76 billion dollars of illegal activity annually involves the use of bitcoin. Blockchain marketplaces using crypto currency on the darknet has made it extremely difficult for law enforcements to track transactions. In the United Kingdom (UK) cybercrime is considered a tier one threat as, ‘we are critically dependant on the internet, yet anything connected to it is vulnerable to cyber-attack’.
Europol has stated that new threats arise from new technology and known vulnerabilities in existing technology, with the focus now on larger, more profitable targets. Many cyber-attacks are not reported due to the belief that the attackers would not get caught and prosecuted. In some cases, people may not realise they are a victim of cybercrime or be aware that the activity is illegal. Many crimes are computer supported meaning the use of a computer is not a significant element but may provide evidence of the crime, such as text messages sent between the offender and the victim. Law enforcement agencies can struggle to detect and investigate cybercrime due to a lack of resources and the communication needed between different legal jurisdictions, due to the global reach of cybercrime. Often the offender and victim can be in completely different countries, which creates immense challenges for various law enforcement agencies.
As a business that operates online it is vital to ensure that you are sufficiently and adequately protected against cyber threats. A failure to do so could result in substantial negative consequences for your business. As well as being a victim you could also face considerable fines if you lose the personal data of your customers due to inadequate security measures.
At Lawdit Stay Legal we offer several packages at different price points to keep your business compliant with the law. We will also put legal safeguards in place to protect and assist you and your business if a dispute were to arise. With a free initial consultation there is no need to delay, so book today!