The Annual Cost Of Cyber Crime Essay - 1279 Words

Over a billion dollars have been summed up to be the annual cost of cyber crime in the United States. Due to high cyber attacks and the daily high usage of the internet it is crucial for business to have a secure network to prevent and protect customers and the business itself from having sensitive information compromised and leaked. Causing the current debate between the technology market and the U.S Government Officials. The government is requesting access to all encrypted data which will allow law enforcement to track cyber crime with hopes to detain the criminal and prevent future events. However, the use of backdoor increases the risk of being hacked reason why the technology companies do not agree on granting access to encrypted data. â€Å"You can’t have a back door that’s only for the good guys.† – Tim Cook, Chief Executive Officer of Apple Inc. (Morgan, 2015). He makes this statement as he knows the risk of vulnerability will increase. Millions of private information is communicated daily through networks and some are stored in the cloud which makes every one a target of cyber crime and privacy invasion. Reason why the technology market is pushing against the government officials. backdoor is an undocumented method of gaining access to a program or a computer by using another installed program or rootkit that bypasses normal authentication, usually created for testing and troubleshooting. The backdoor is generally written by the programmer who created the originalShow MoreRelatedCyber Crimes And The Crime1153 Words   |  5 Pagesevolve with the trends in crime throughout history. Unfortunately for Law Enforcement, they are always on the back end of that and are often behind for months before being able to counteract. Cyber crimes are no different. Cyber Crimes are a new and always developing form of crime that bases its entire agenda from taking advantage of its victims over the internet. 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