Technological evolutions come with pros and cons, but if there is one area that the effects are of high magnitude is on the internet. Each day, it is certain that there will be a significant number of victims of cyber crime, and since it is hard to eliminate its existence, the effects will continue to torment many as time advances. By and large, the greatest opening towards cyber crime has all to do with criminals taking advantage of the technology to ply their trade. As the situation stands, the internet provides a reliable tool for the scammers in a way that they can achieve their objectives behind the shield of digital anonymity (Kazmeyer, 2016).
Apart from the internet serving as a convenient setting, there is also the financial motivation as a reward when the scammers use information that belongs to others. For instance, in a case involving identity theft, it is possible to hack someone’s bank account and steal an enormous amount of money. Identity theft is one of the leading and high magnitude impacts regarding cyber crime since it has long-lasting effects on people’s life in all the ways that scammers use personal details. In fact, they don’t use it for any good to the owner.
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An accurate example to illustrate the far-reaching consequences includes the recent case Wikileaks email hacking. In the scenario, hackers managed to release critical information on Hillary Clinton’s campaign structure; therefore, enabling the opponents to degrade her as well as causing anxiety over the candidate’s weaknesses (Wagner & Philip, 2016). In fact, cyber criminals use leaks as a way to spread distrust for the ruling class within the society (Kazmeyer, 2016). Far from that, cybercrime also involves security and monetary costs besides piracy issues. For instance, in a case where hackers manage to take company’s servers and damage the systems, it compels the management to hire people to update their systems or replace them. Regarding that, there are costs involved, which lead to losses.
References
Kazmeyer, M. (2016). Effects of Cybercrime . Tech in our Everyday Life.
Philip, A. & Wagner, J. (2016). Hacked WikiLeaks emails show concerns about Clinton candidacy, email server. The Washington Post.
