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Crimes occurring within the business setting are often referred to as white-collar crimes. These crimes do not involve force against someone but rather deceit and manipulation. Some of the common white-collar crimes would be fraud, bribery, embezzlement, or insider trading. But in recent years, cybercrimes have emerged as a means by which crimes can be committed against unsuspecting individuals and companies. Cybercrimes can include identity theft, security hacking, or ransomware attacks.
Because of the growth of e-commerce, the likelihood of being a victim of cybercrime continues to increase. Not to mention, the schemes are becoming more sophisticated and harder to detect. Businesses need a cybersecurity strategy to protect their own business, their customers, and their data from growing cybersecurity threats. Below are some examples of steps companies may implement to protect themselves.Review the 10 Cyber Security Tips for Small Business
Watch this short video for an introduction to cybercrimes.
Discussion Topic
Discussion Topic:
Research a recent business case or incident in which a cybercrime occurred; you might look on the Internet or daily news. You might even find a case on the television news! Please be sure to cite your source in APA format. In your original post, answer the following:
Describe the cybercrime that occurred.
Confirm and explain the crime that was committed.
What could the company have done to minimize their exposure to such a crime?
Confirm the outcome of the case.If the case has not been decided, tell us what you think will happen and why.
What sort of punishment or compensation is there or should there be?