PIRATES

Like I did promised you,I will be rolling out article series on the threat of cyber crime on your business,also check out more articles on the article page.....Enjoy reading

Members of a transnational telephone hacking scheme were indicted in New Jersey,few months ago. These individuals, many based in the Philippines, were accused of unauthorized entry into the telephone systems of major U.S. businesses and other entities and of attempting to sell information about these vulnerabilities to Pakistani nationals residing in Italy. The arrests and indictments were the result of a three-year investigation that included a high degree of cooperation and coordination among many affected US businesses and foreign entities.

The most tempting, untapped markets can have significant security challenges. Perhaps the most tempting markets are those where technological pirates and privateers dominate. These are not pirates that plunder the high seas, nor are they privateers given ships and commissioned by royalty. These technological scallywags constitute very real threats to the multinational corporation. Personal identifying info - PII, is a deliberate target of cyber criminals, members of criminal organizations and foreign governments. These cyber criminals obtain sensitive Private info for profit. They perceive corporations as galleons - giant, slow ships filled with a vast stockpile of assets; they seek to overtake the ships to take as much as they can before being identified or captured. They vanish as suddenly as they strike using the anonymity of the Internet for mobility, masking their trails and escaping to reemerge another day in another guise.

The need for protection against cyber crime is great, especially considering the PII and financial transactions which corporations and financial institutions manage on a daily basis. Cyber criminals, members of criminal organizations, and potentially foreign governments all specifically target PII.

Unless current cyber crime legislation is modified to permit virtual "self defense" against these pirates, business to business e-commerce in lawless areas is likely best conducted via VPNs. In areas with minimal security and law enforcement capabilities, this method of self protection is critical. Current cyber crime legislation around the world does not address virtual "self defense." Most existing cyber crime legislation is broad, and does not yet distinguish among attacks based on intent. Unless current legislation is changed or modified, using VPNs and security awareness training are likely the best option for operating in unstable areas.

Businesses, particularly those in the financial sector, are facing the challenge of ensuring self-protection within legal bounds that do not drive away their clientele. The balance between customer service and Internet security is delicate.

IS CYBERCRIME A THREAT TO YOUR BUSINESS ?

Welcome back. I will be starting an article series on how cyber crime could be a threat to your business

The need for protection against cyber crime is ever increasing, especially considering the volume of personally identifiable information (PII) and financial transactions which corporations and financial institutions manage on a daily basis. Moreover, cyber crime is often a transnational threat, creating even more difficulty for law enforcement to pursue cyber criminals. The added complexities of international inconsistencies with respect to laws pertaining to PII exacerbate the problem, and current cyber crime legislation in key areas around the world currently does not permit virtual self defense.

Data protection law has been the subject of an increasing number of jurisdictional disputes, which have largely been driven by the ubiquity of the Internet, the interconnectedness of the global economy, and the growth of data protection law around the world in recent years.

There are also an increase Artwork: A number of instances where data protection law conflicts with legal obligations in other areas. Moreover, the rapid development of new computing techniques (such as so-called 'cloud computing') is putting even greater pressure on traditional jurisdictional theories. Jurisdictional uncertainties about data protection law have important implications, since they may dissuade individuals and companies from engaging in electronic commerce, can prove unsettling for individuals whose personal data are processed, and impose burdens on regulators. These difficulties are increased by the fact that, so far, there is no binding legal instrument of global application covering either jurisdiction on the Internet or data protection.

This discussion is restricted to traditional crimes committed through virtual means and the implications of potential solutions. This articles address how corporations and financial institutions can conduct e-commerce in areas with minimal security and cyber law enforcement capabilities and also discuss the question of which areas and organizations are most often targets of cyber crime and which attackers pose the greatest threat to e-commerce is also discussed.

We will continue from here next time...............................