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HomeHomework HelpcybersecurityEconomic Crime and Cybersecurity

Economic Crime and Cybersecurity

Economic Crime and Cybersecurity' refers to illegal activities that exploit financial systems and digital infrastructures, including fraud, identity theft, and data breaches, which can undermine economic stability and compromise sensitive information. This intersection of economics and technology emphasizes the need for protective measures to safeguard assets and maintain trust in digital transactions.

intermediate
5 hours
Cybersecurity
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Overview

Economic crime and cybersecurity are interconnected fields that address the challenges posed by illegal financial activities in a digital age. Economic crime encompasses various illegal acts aimed at financial gain, such as fraud and cybercrime, which can have severe consequences for individuals and...

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Key Terms

Cybercrime
Criminal activities carried out using computers or the internet.

Example: Hacking into a bank's system to steal money.

Fraud
Wrongful or criminal deception intended to result in financial or personal gain.

Example: Creating fake identities to apply for loans.

Data Breach
An incident where unauthorized access to sensitive data occurs.

Example: A company losing customer data due to a cyberattack.

Ransomware
Malware that encrypts a victim's files, demanding payment for decryption.

Example: A hospital's data being held hostage until a ransom is paid.

Phishing
A method of trying to gather personal information using deceptive emails or websites.

Example: An email that looks like it's from a bank asking for account details.

Encryption
The process of converting information into a code to prevent unauthorized access.

Example: Using encryption to protect sensitive emails.

Related Topics

Digital Forensics
The process of recovering and investigating material found in digital devices, crucial for understanding cybercrime.
advanced
Information Security
Focuses on protecting information from unauthorized access and ensuring data integrity.
intermediate
Cyber Threat Intelligence
Involves gathering and analyzing information about potential cyber threats to improve security measures.
advanced

Key Concepts

CybercrimeFraudData BreachesDigital Forensics