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Trends in Cyber

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Submitted By phokeenguy
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As we are all well aware, fraud on the Internet is a huge problem. Not a day passes without picking up a paper and reading of some new Net fraud scam.
It would appear that Net crime appears to be groing faster than the Net, for every new dot com company appearing there appears to be a new Net criminal.
With the huge impact that the Net is having on business, personal and social lives, there is a huge impetus to be a part of the dot com revolution.The world’s 2 richest men, Bill Gates and Larry Ellison have made their fortunes through the information age, and every day new entrepreneurs try to reap similar rewards using the Internet as the medium. However, as these new entrepreneurs attempt to reap the rewards of this boom, there are those who also attempt to reap the benefits of the Internet, but rather than through legal commerce, have taken the route of criminal activities.
CSI / FBI Survey 2000 Computer
Crime And Security Survey
The CSI report that in the United States:
• 90% of respondents (primarily large corporations and government agencies) detected security breaches.
• 74% reported serious breaches.
• 71% reported unauthorized access by insiders, 25% detected system penetration from the outside.
• Losses that were quantifiable were $265m (compared to $123m in 1999).
• Most serious: Netspionage theft $66m ( compared to $42.5m in 1999).
• Financial fraud : $55m (compared to $39.7m in
1999).
• Loss due to sabotage: $27m (compared to $10m combined previous 3 years).
• 59% cite their Internet connection as a frequent point of attack, as compared to 38% cite their internal system as a frequent point of attack.
These figures clearly show that fraud on the Internet is a vastly growing problem. Financial fraud has increased by 38% compared to the 1999 figure and the problems faced by businesses in the United States are very

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