The Cyber Crime Magazine defines Cybercrime as the “damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, and post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.”
The Ponzi scheme is a type of fraudulent tactic or scam, named after Charles Ponzi. It first started off by Ponzi who was born in 1882 in Italy. Looking forward to a better and more fortunate life, he had moved to America in 1903. However, his desire to seek fortune led him down to the path of crime and fraudulent tactics rather than gaining with integrity and honesty.
How did he make the scams work exactly? He would take money from new investors and pay dividends to older investors, keeping a lot of profit to himself. Out of all the scams, he was able to make a total of 193 million US dollars, which is just an estimate.
When we talk about the Internet or technology in general, we can think about identification as well. This is because it is now more than ever, that we have online accounts for everything. In cases where it is not online, we have a sort of identification set up for our devices.
But mostly, when talks about cybersecurity and its importance pop up, it has to do with the online world. A lot of us have accounts on various platforms, from e-mails to social media platforms like Facebook, Youtube, Instagram and so on. And as you may have noticed, many security considerations go into it all. In fact, there's an option for privacy and security on every service that you may have used in these modern times.
We have many advanced forms of technology now. But along with these technological solutions, scams and cybercrime shave been equally rising as well. And people who fall prey to such cybercrime are victims who are not aware of the various methods that criminals have adopted. And even if they are, new methods to fool people always keep coming up.
Of all the digital communication channels available to us, SMS is the most common. Every person has incoming SMSs, even if they are not paying attention to them, or even if they use other social media platforms to stay in touch with their friends, relatives and close ones. You may be surprised to know that more than 90% of messages via SMS are fraudulent.
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