A Survey on Emerging Cyber Crimes and Their Impact Worldwide

A Survey on Emerging Cyber Crimes and Their Impact Worldwide

Suraj Gangwar (University of Delhi, India) and Vinayak Narang (University of Delhi, India)
Copyright: © 2020 |Pages: 13
DOI: 10.4018/978-1-5225-9715-5.ch002

Abstract

The number of cybercrime cases have increased exponentially in the last couple of years. With each passing year, the cybercrimes become more diverse and cyber criminals become more sophisticated. The explosion of connectivity in addition to growth of the cloud services and internet of things have given cyber criminals more potential targets and discovery of new avenues of attack. Today's cyber criminals target elections, industrial control system, and cause digital wildfires. In the future, they may even target human life. “Global Risks 2018” report reveals that cybercrimes are increasing both in prevalence and disruptive potential and predicts them as one of the top five global risks. This article gives a brief overview of the emerging cybercrimes and their impacts worldwide and solutions to combat this crime.
Chapter Preview
Top

Introduction

Cybercrime is an unlawful act wherein the computer is a tool or target or both. The number of cybercrimes has escalated in recent times. The opportunity for cybercrime is increasing with the increasing number of internet users. In the year 2016, it was reported as the second most commonly reported crime across the world. Report published by World Economic Forum placed cybercrime in top five of the global risk for 2018 (The Global Risks Report 2018 (13th Edition), 2018). The reason behind is simple: the rate of internet connections and the ever growing number of computer devices are outpacing our ability to properly save them (Security Predictions for 2018 Paradigm Shifts, 2017). In today’s increasingly connected digital world, organisations are too hyper-connected with a new wave of technologies to improve their performance. At the same time cyber-attacks are becoming more sophisticated and impactful (Cybersecurity Regained: Preparing to Face Cyber Attacks, 2017). Embracing of technical innovations such as the Internet of Things (IoT), cloud computing and AI/ML, by organisations provides cybercriminals with new avenues for attack.

As per a report generated by Global Cyber Security Index (GCI), it can be inferred that majority of the countries in world are not yet ready to deal with cyber-attacks. GCI categorizes the countries depending upon their level of cyber security. It divides the countries in three stages

  • 1.

    Leading stage: which includes countries that show high commitment to face cyber-attacks

  • 2.

    Developing stage: which includes countries that are increasingly digitized but are still developing their cyber security capabilities

  • 3.

    Initiating stage: which includes countries whose economies are only beginning to be digitized and where cyber security efforts are just a beginning.

The 2017 report reveals that only 21 countries are at a leading stage and 96 countries are still at the initiating stage. So there is still much needed to be done to tackle cybercrime menace efficiently (Global Cybersecurity Index (GCI), 2017).

Top

Background

The Internet connection was available to general public in 1989 and the first ever website was launched in 1991. Today, there are more than a billion websites and the number of internet users is increasing with each passing day. Figure 1 shows exponential growth of the internet users from 1995 to 2017. There will be 6 billion internet users by 2022 which equals 75 percent of the estimated world population of 8 billion. This prevalent and dominant nature of computers and interenet in our life has made cybercrimes more prominent (Morgan, 2017).

Figure 1.

Growth of internet users from 1995 to 2017

978-1-5225-9715-5.ch002.f01
Source:https://www.internetworldstats.com

Key Terms in this Chapter

Machine Learning: It is the science of training the machine how to learn using algorithms and mathematical models to improve their performance.

Internet of Things (IoT): IoT is a concept of connecting any device to the internet or other connected devices to send and receive data.

Artificial Intelligence: It is the area of computer science in which machines are created that have ability to think and learn like human.

Internet: It is a network of networks that connects millions of computers together globally. It is used for communication, entertainment, etc.

Cyber: A broad term relating to or characteristic of the culture involving computers, information technology, and the internet.

Cyberspace: Cyberspace is the environment created by the links of tangible like a computer, intangible like application and services, and networks like the internet and communication.

Cybercrime: Crime done in or using cyberspace is called cybercrime.

Complete Chapter List

Search this Book:
Reset