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Cyber-Crime

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“Cyber-crime,” which refers to any criminal activity committed with the aid of or in the arena of the Internet and similar telecommunications, is both a new incarnation of old crimes through a new medium, and a unique entity all its own. It differs from physical crime in four ways. It is easy to commit, requiring minimal resources for great potential damage, being committable in a jurisdiction in which the perpetrator is not physically present, and often, not being entirely clearly illegal. A cyber crime that was committed recently is the “Gozi” virus that infected a million computers including NASA computers and bank computers. The Gozi virus is also known as a Trojan. It infiltrated businesses the way a wooden horse rolled into Troy. The wooden horses, in this case, are the employees of businesses who click on suspicious links in an e-mail, or fail to recognize a phony banking website when they see one. The virus and other malicious software infected individuals' and businesses' computers, and then stole log-in information for online banking and other accounts. One program even imitated a bank's website, tricking users into giving away their PINs and personal information, such as their mothers' maiden names. The worms and viruses released in the twenty first century posses a higher impact in terms of financial damage and loss of productivity. Today’s sophisticated attacks posses a greater damage potential. Hackers are no longer enthusiastic, cyber geek profiled teenagers but guys with real bad intentions having monetary interests and selfish motives. “Information, whether personal or business related, is becoming increasingly valuable to criminals. Where personal information, such as bank account, credit card, or social security numbers, is stored, whether on your personal computer or with a trusted third party such as a bank, retailer or

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