{"id":14744,"date":"2021-07-08T10:21:49","date_gmt":"2021-07-08T10:21:49","guid":{"rendered":"https:\/\/crigroup.com\/?p=14744"},"modified":"2024-01-23T14:52:57","modified_gmt":"2024-01-23T14:52:57","slug":"risks-of-cybercrime-and-social-media-new-playbook","status":"publish","type":"post","link":"https:\/\/crigroup.com\/ar\/risks-of-cybercrime-and-social-media-new-playbook\/","title":{"rendered":"Risks of Cybercrime and Social Media: NEW PLAYBOOK"},"content":{"rendered":"

The risks of cybercrime claims many victims over many sectors. The PwC Global Economic Crime Survey 2020<\/a> found that a company falls victim to six frauds on average. The most common types are customer fraud, asset misappropriation as well as cybercrime. It also proved a roughly even split between frauds committed by internal and external perpetrators, at almost 40% each \u2013 with the rest being mostly collusion between the two. Few can deny the enormous technological advancements that are constantly taking place in the modern world. The internet, the computer, and other technological advancements have dramatically changed what it means to socialise, ‘chat’, and even read a book. Both the disadvantages and advantages of such developments are clear, and as technology gains pace, so have the unlawful activities of those who seek to take advantages of such developments.<\/p>\r\n

According to a 2020 cybercrime report from Europol, COVID-19 sparked upward trend in cybercrime<\/a>. In fact, since the beginning of the pandemic, the FBI has seen a\u00a0fourfold increase\u00a0<\/a>in cybersecurity complaints, whereas the global losses from cybercrime exceeded\u00a0$1 trillion in 2020.<\/a>\u00a0<\/p>\r\n

In other words, as technology evolves, the risks of cybercrime have become complex. The sense that one is safe from crime in the privacy of one’s own home has been lost. In fact, according to World Economic Forum’s “Global Risks Report 2020<\/a>” the chances of catching and prosecuting a cybercriminal are almost nil (0.05%).<\/p>\r\n

Take the First Steps Towards Developing Measures Against the Risks of Cybercrime!\u00a0<\/strong><\/h3>\r\n

This playbook critically examines the growth of cybercrime, evaluating the risks it poses in terms of the different forms of cybercrime that exist and the regulations that seek to detect, prevent and punish them.<\/p>\r\n

The extension of an old legislation to include cybercrime is not entirely effective – especially not for crimes committed within the realm of social media and social networking. Therefore the need to develop an ‘anti-cybercrime culture emerges. It has to be implemented on an international scale that safeguards these crimes – the promotion of careful use would therefore be facilitated to hinder such crimes before they can materialise. Our playbook includes:<\/p>\r\n