4. Phishing

Phishing is a type of cybercrime whereby the attacker contacts the victims with the aim of obtaining sensitive information such as credit card details or login credentials. The attacker may contact the victim via phone, text, or even via email. Anybody can be a victim of phishing, and it can result in identity theft, fraud, and other cyber-attacks. When companies fall victim to phishing, it is often devastating because data that is sensitive to their operations and customer interests are compromised.

Cybercrime, which is also called computer crime, is the use of a computer as a tool to carry out illegal activities. The rate of cybercrime is rising vastly, especially in the world of tech, and is estimated to cost the world 10.5 trillion dollars annually by 2025. To understand the impact of cybercrime over the past few decades, experts posit that it is bigger than the damage caused by natural disasters in a year and that it could even be more “profitable” than the global trade of all major illegal drugs combined.

The computer is a tool whose invention totally revolutionized the world. For decades now, we have continued to witness paradigm shifts in global trends as a result of the computer. It changed everything – from how we communicate to how we buy and sell. The impact of the computer is undeniable; however, with the good often comes the bad. Computers have also changed how crimes are committed, giving birth to what we now call cybercrime.

Cybercrime, which is also called computer crime, is the use of a computer as a tool to carry out illegal activities. The rate of cybercrime is rising vastly, especially in the world of tech, and is estimated to cost the world 10.5 trillion dollars annually by 2025. To understand the impact of cybercrime over the past few decades, experts posit that it is bigger than the damage caused by natural disasters in a year and that it could even be more “profitable” than the global trade of all major illegal drugs combined.

Cyber Criminals take advantage of the anonymity of the internet and use a device to access personal or business information illegally. They pose a risk to any organization, especially technological and financial organizations, where the protection of sensitive information is crucial. A cyber-attack on an organization’s system could accrue costs in the form of stolen money, stolen intellectual property, destruction or restoration of data, identity theft, etc. Therefore, it goes without saying that cybercrime poses an insidious danger, and organizations require urgent intervention to protect themselves from this threat.