Cyber Crime

It is important to note that today, unlike was the case a couple of years ago, technology has made it easy for businesses to compete more efficiently, reduce costs associated with doing business, and address the needs of customers in a more effective manner. However, the same technology has brought with itself some unique challenges. This is particularly the case with regard to increased instances of cyber crime.

Cyber crime and its Impact on Businesses and Consumers

Cyber crime, according to Thomas and Loader (as cited in Reyes, Brittson, O'Shea, and Steele, 2011, p. 28), constitutes of all those "…computer-mediated activities which are either illegal or considered illicit by certain parties and which can be conducted through global electronic networks." The examples of cyber crime offered by the authors in this case include, but they are not limited to, software piracy, industrial espionage, network break-ins, etc. As the...
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