1. A threat to global security and economy Koushik Mannepalli CMPE 294

2.  What is cybercrime?  Types of cybercrime  Effects on the global economy  Organized cybercrime  Conclusion

3.  Crime committed using computers as a tool or a target.  Motives – Bragging rights, Money, returns-to-effort ratio is more.  Made lucrative by the growth of e- commerce.  Thieves are where the money is.

4.  Financial fraud  Identity theft  Corporate/Government espionage  Extortion  Software Piracy  Techniques used -  Denial-of-service attacks  Phishing scams  Botnets  Spamming

7.  Phisher sends spoofed e- mails to users.  User clicks link to fraudulent website.  User information logged is sent to ‘dead-drop’ server.  Collected information is sold to the highest bidder.

8.  Annual estimated losses of $100-400 Billion.  Corporate espionage costs $60 million annually.  60% of U.S. businesses believe cybercrime is more costly than physical crime – IBM survey.  Average annual loss due to cybercrime has doubled this year.

9. 84% of IT executives believe organized criminal groups are replacing lone hackers.

10.  Cyber-terrorism is the next level of cybercrime.  Cyber criminals are not associated with any particular region.  User is the weak link in the system and awareness is required.  Cybercrime is committed in a no man’s land.  A consistent universal law for cybercrime has to be created.

11.  http://www-03.ibm.com/press/us/en/pressrelease/19367.wss http://www-03.ibm.com/press/us/en/pressrelease/19367.wss  http://www.symantec.com/avcenter/cybercrime/index_page 2.html http://www.symantec.com/avcenter/cybercrime/index_page 2.html  http://www.verisign.com/verisign-inc/news-and- events/news-archive/us-news-2005/page_028572.html http://www.verisign.com/verisign-inc/news-and- events/news-archive/us-news-2005/page_028572.html