Cybercrime is an everyday problem that threatens business operations and causes large out-of-pocket expenses for individual and corporate victims alike. Although statistics regarding the actual cost of cybercrime vary, the incidence of cybercrime has climbed steadily over the past decade. The 2011 Norton Cybercrime Report claims that more than one million people become victims of cybercrime every day, and it estimates the financial cost of cybercrime is larger than the combined global black market for cocaine, heroin, and marijuana.
It is easy to become a cybercriminal because it requires few computer skills, and hacking tools, spyware, and other forms of malware are openly available online. One even can hire a botnet over the Internet to engage in cyber espionage, knock a competitor offline, or send spam...................
There are several reasons why tracking and tracing cybercriminal activity is difficult, and most of them have to do with the lack of harmonized legal frameworks globally for cybercrime and antiquated legal processes for requesting and obtaining international legal cooperation on investigations. Another reason that cyber criminals seldom are caught is because the social media companies, whose sites are so often used in cybercrime, are blatantly reluctant to cooperate in cyber investigations.
Most businesses today actively use Facebook, You Tube, and Twitter to manage their marketing and customer interaction. When they suspect or know of wrongdoing, however, they enter a frustrating process trying to report it to these companies, obtain logs of activity associated with their accounts, and seek assistance in restoring service.....................
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