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.