Discussion Forum: Cyber Crime

Examples of Cyber Crime and its Ellaboration

 
Picture of Abraham Selby
Examples of Cyber Crime and its Ellaboration
by Abraham Selby - Wednesday, 2 December 2020, 6:31 AM
 

Firstly, Cybercrime, also called computer crime, the use of a computer as an instrument to further illegal ends, such as committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy. 

 

Most, but not all, cybercrime is committed by cybercriminals or hackers who want to make money. Cybercrime is carried out by individuals or organizations.

 

Examples of cyber crime are stated below with elaboration.

·        Malware attacks

A malware attack is where a computer system or network is infected with a computer virus or other type of malware.

A computer compromised by malware could be used by cybercriminals for several purposes. These include stealing confidential data, using the computer to carry out other criminal acts, or causing damage to data.

A famous example of a malware attack is the WannaCry ransomware attack, a global cybercrime committed in May 2017.

Ransomware is a type of malware used to extort money by holding the victim’s data or device to ransom. WannaCry is type of ransomware which targeted a vulnerability in computers running Microsoft Windows.

When the WannaCry ransomware attack hit, 230,000 computers were affected across 150 countries. Users were locked out of their files and sent a message demanding that they pay a BitCoin ransom to regain access.

Worldwide, the WannaCry cybercrime is estimated to have caused $4 billion in financial losses.

 

·        Phishing

A phishing campaign is when spam emails, or other forms of communication, are sent in mass, with the intention of tricking recipients into doing something that undermines their security or the security of the organization they work for.

Phishing campaign messages may contain infected attachments or links to malicious sites. Or they may ask the receiver to respond with confidential information

A famous example of a phishing scam from 2018 was one which took place over the World Cup. According to reports by Inc, the World Cup phishing scam involved emails that were sent to football fans.

These spam emails tried to entice fans with fake free trips to Moscow, where the World Cup was being hosted. People who opened and clicked on the links contained in these emails had their personal data stolen.