Please Seperate Each Response!!
The Verizon 2020 Data Breach Investigations Report indicates that organized criminal groups were behind 55 percent of breaches, and 86 percent of breaches were financially motivated. (Note that Verizon points out that their use of the term “organized crime” refers to a criminal with a process and not necessarily the mafia.)
Answer the following question(s):
Why do you think financial information is such a popular target of organized criminals versus other types of data that can be sold on the dark web? Explain your answer.
When the criminal group is located in a country outside of the U.S., prosecution is difficult or impossible. What type of method could be used to get some justice after a successful financial breach by an overseas criminal group?
Agree or Disagree? Why or Why Not?
Why do you think financial information is such a popular target of organized criminals versus other types of data that can be sold on the dark web? Explain your answer.
Criminals exploit financial information for immediate and substantial financial gain. The reasons behind this preference are clear: ease of use, global acceptance, low risk, and high demand. These factors attract criminals and pose a significant threat to our financial security, making it crucial to understand why financial information is a primary target.
Financial information is a direct route to monetary gain for criminals. It is relatively easy to use for fraud, has a broad global reach, and carries a lower risk of immediate detection. However, what truly amplifies its appeal is the existence of established underground markets to sell this information. These factors make financial data a highly sought-after target for criminals involved in identity theft, fraud, and economic crimes, posing a significant threat to our financial security.
What Is the Dark Web? How It Works & Why It’s So Dangerous. https://www.aura.com/learn/dark-web. Accessed 1 May 2024.
