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EFCC

The document discusses the rise of cybercrime, its impact on individuals, businesses, and society, and the importance of exploring alternatives for sustainable development. It highlights the need for education, technological advancements, and strong policies to mitigate cyber threats while promoting economic and environmental goals. The text emphasizes the role of community engagement and proactive cybersecurity measures in creating a safer digital environment.

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0% found this document useful (0 votes)
28 views15 pages

EFCC

The document discusses the rise of cybercrime, its impact on individuals, businesses, and society, and the importance of exploring alternatives for sustainable development. It highlights the need for education, technological advancements, and strong policies to mitigate cyber threats while promoting economic and environmental goals. The text emphasizes the role of community engagement and proactive cybersecurity measures in creating a safer digital environment.

Uploaded by

faithetobamre
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

“Exploring Alternatives to Cybercrimes for

Sustainable Development."

Cybercrime, the use of a computer as an instrument to

further illegal ends, such as committing fraud, trafficking

in child pornography and intellectual property, stealing

identities, or violating privacy. Cybercrime, especially

through the Internet, has grown in importance as the

computer has become central to commerce,

entertainment, and government. It basically refers to as

criminal activities carried out with the aid of computers or

the internet. Most cybercrime is an attack on information

about individuals, corporations, or governments. Although

the attacks do not take place on a physical body, they do

take place on the personal or corporate virtual body,

which is the set of informational attributes that define

people and institutions on the Internet. In other words, in

the digital age our virtual identities are essential elements

of everyday life: we are a bundle of numbers and

identifiers in multiple computer databases owned by

governments and corporations.


Cybercrime ranges across a spectrum of activities. At

one end are crimes that involve fundamental breaches of

personal or corporate privacy, such as assaults on the

integrity of information held in digital depositories and the

use of illegally obtained digital information to harass,

harm, or blackmail a firm or individual. These new

cybercapabilities have caused intense debate. The

pervasive nature of cybercrime poses significant risks and

challenges to the society, affecting individuals, businesses

and the government. Cybercrimes are in various forms

such as: ATM fraud, Child pornography, Counterfeit and

Forgery, Wire fraud, Spam, Computer viruses and Identity

theft.

Exploring alternatives to cybercrimes involves

understanding motivations and finding constructive

outlets. One effective path is pursuing a career in

cybersecurity, where individuals can gain valuable skills

through degrees or certifications. Engaging in ethical

hacking not only offers a legitimate use of technical

abilities but also helps organizations secure their

[Link] option is to develop coding and software


development skills. By creating apps or contributing to

open source projects, individuals can make a positive

impact while enhancing their technical expertise. Digital

art and design present further opportunities. Exploring

graphic design or game design allows for creative

expression and the chance to build engaging digital

[Link] engagement is also vital.

Volunteering for organizations that promote digital literacy

or hosting workshops on cybersecurity can help foster

safer online [Link] and development into

innovative solutions against cyber threats can be a

meaningful pursuit. Analyzing cybercrime patterns

contributes to prevention strategies that benefit the wider

[Link], online content creation, whether

through blogging, vlogging, or social media, provides

platforms for sharing knowledge about cybersecurity and

responsible internet use. By channeling skills and interests

into these positive actions, individuals can contribute to a

safer digital environment while steering clear of

cybercrime.
The root causes of cybercrimes are not far-fetched. One

only has to take a quick glance around the society to

observe illicit wealth acquisition and its display. This is

coupled with the fact that, the perpetrators are highly

exalted. The problem is made worse by the high youth

unemployment, the absence of enforceable prohibitive

laws and the general laissez faire attitude of individuals

and businesses regarding cyber security (Hassan et al.,

2012). Evidence has also shown that, a significant

proportion of these crimes are perpetuated by people in

their youthful age. It is however

worth noting that some of these attacks are also

perpetrated within organizations. Many internet users are

easily lured by unknown mails and web site addresses,

falling victim to spyware and [Link] financial costs

to economies and businesses from cyber-attacks include

the loss of intellectual property, financial fraud, and

damage to reputation, lower productivity, and third party

liability. Opportunity cost (lost sales, lower productivity,

etc) make up a proportion of the reported cost of cyber-

attacks and viruses. However, opportunity costs do not


translate directly into costs to the national economy.

Businesses face greater damage from financial fraud and

intellectual property theft over the Internet. Thus, where

cybercrime is rife (especially relating to businesses and

financial institutions) there are bound to be untold

financial consequences. A research report by Ponemon

Institute (2016) shows that, cybercrime cost in six

countries (U.S.A, Japan, Germany, U.K, Brazil and

Australia) in 2016 ranged from USD$4.3 million to

USD$17.3 million annually. The study used a sample of

237 companies in the six countries.

It has had various effects on businesses and the

economy such as:

Destruction in productivity edge, Production lost and rising

cost, Monetary loses, Retardation in financial inclusion and

Destruction of the country's image. An organization can

lose its competitive advantage and suffer losses when a

hacker steals its confidential information and future plans

and sells it to a competitor. The time spent by IT

personnel on rectifying harmful incidents caused by


computer criminals could have been used to earn profit for

the organization.

Cybercrime casts a long shadow over our digital world,

impacting individuals, businesses, and society as a whole.

Its effects are far-reaching, extending beyond immediate

financial losses to erode trust, compromise security, and

even damage mental well-being. The very nature of

cybercrime, often shrouded in anonymity and operating

across borders, makes it difficult to address. While we can

implement robust security measures and educate users

about online safety, the challenge lies in fostering a

collective awareness of the dangers and a commitment to

responsible online behavior. The ethical implications are

particularly concerning, as cybercrime often involves the

violation of privacy, the exploitation of vulnerabilities, and

the creation of an uneven playing field where those with

malicious intent gain an unfair advantage. Ultimately,

tackling cybercrime requires a multi-faceted approach that

involves not only technological solutions but also a shift in

societal attitudes and a commitment to ethical conduct in

the digital realm.


Cybercrimes had affected the environmental services

which involves more connected devices than smart grids,

too. IT/IoT convergence is critical to sustainability, as IoT

devices provide the data and control that organizations

need to protect the environment. Without better

cybersecurity, this connectivity could let cybercriminals

attack environmental processes themselves. In February

2021, an attacker accessed the controls to a water

treatment plant in Florida, changing the sodium hydroxide

levels in the water from 100 parts per million to 11,100.

Had operators not noticed and responded to the change

early, it could have had devastating effects. The altered

water could have poisoned citizens, as well as plant and

animal life that came into contact with it. Similar attacks

could threaten many sustainability initiatives. Attackers

could release hazardous waste into surrounding

ecosystems or disable wildfire alert systems. In these

instances, connected infrastructure may threaten the

environment more than protect it.

Connected devices also play a crucial role in

environmental research. The effects of climate change are


rarely evenly distributed. For example, the Gulf of Maine

has warmed faster than 99% of the global ocean in the

past decade. Researchers rely on IoT systems to monitor

these changes, opening them to [Link] attacks may

be less obvious than those on smart buildings or critical

infrastructure but could still have severe consequences.

An attacker could change the readings of monitoring

systems, providing scientists with misleading data. If this

information informs policy changes or new technologies, it

could thoroughly disrupt environmental

[Link] changes to how these devices

measure their environments may not be noticeable

without network monitoring. Consequently, without robust

cybersecurity, cyberattacks could throw environmental

research off-course.

Education and awareness about cybercrimes are

essential in today’s digital age. Understanding the various

types of cyber threats, such as phishing, malware, and

ransomware, is crucial. People should be able to recognize

signs of potential attacks, such as unusual account activity

or suspicious messages, to take timely [Link]


measures play a significant role in enhancing security.

Encouraging the use of strong passwords and

implementing two-factor authentication can help

safeguard personal information. Additionally, keeping

software updated protects against

[Link] safe online behaviors, such as

avoiding the sharing of sensitive information and being

cautious with unknown links, is vital. Knowing how to

report cyber incidents to the appropriate authorities can

also empower individuals to act decisively in the face of a

[Link] engagement through workshops,

seminars, and educational resources can strengthen

collective awareness. By fostering discussions around safe

online practices, communities can build resilience against

cyber threats and create a safer digital environment for

everyone.

Technological innovations have significantly influenced

both the nature of cybercrimes and the ability to combat

them. For instance, advancements in artificial intelligence

and machine learning have enhanced threat detection,

allowing for real-time analysis of vast amounts of data.


This capability helps identify suspicious activities and

potential breaches more effectively than traditional

[Link] the regulatory side, there has been a push for

comprehensive policies that address the evolving

landscape of cyber threats. Governments and

organizations are implementing stricter cybersecurity

frameworks and promoting collaboration between public

and private sectors. This includes initiatives for

information sharing, incident reporting, and establishing

standards that govern data [Link] cybercrimes

continue to evolve, regulations must adapt accordingly.

This includes addressing new challenges posed by

emerging technologies, such as deepfake technology and

the Internet of Things (IoT), ensuring that policies remain

effective in preventing and responding to these threats.

Reducing cybercrime is essential for achieving

Sustainable Development Goals by ensuring secure and

resilient infrastructure, which supports economic growth

and fosters innovation. By lowering cybercrime rates,

societies can build effective institutions, ensuring justice

and promoting peace through data [Link]'s


digital society exemplifies strong cybersecurity measures

that support a robust digital economy. Their proactive

approach and secure e-residency program demonstrate

effective integration of technology with sustainable

development. Similarly, Singapore's comprehensive

cybersecurity strategies, aligned with national goals,

highlight the effectiveness of public-private partnerships

and international collaboration.

In conclusion, exploring alternatives to cybercrime is

crucial for sustainable development. By focusing on

education, technological advancements, and strong

policies, we can mitigate cyber threats while supporting

economic, social, and environmental goals. Future

research should explore emerging technologies and global

cooperation to further combat cybercrime, integrating

cybersecurity into sustainable development strategies for

long-term success. Incorporating these alternatives into

global strategies ensures a secure digital future, fostering

innovation and contributing to a more sustainable world.


REFERENCE

New Technology, New Risk: Cyber Concerns For Industrial

Control

Systems; FM Global/Advisen; circa 2018;

[Link]

com/wp-content/uploads/2017/07/cyber-concerns-for-

industrial-

[Link]

Hassan A. B., Lass F. D. and Makinde J. (2012): Cyber

crime in Nigeria: Causes, Effects

and the Way Out, ARPN Journal of Science and

Technology, vol. 2(7), 626 –

631.

Lakshmi P. and Ishwarya M. (2015): Cyber Crime:

Prevention & Detection,"


International Journal of Advanced Research in Computer

and Communication

Engineering, vol. 4

[Link]

corruption_perceptions_index_2016

Ibikunle F. and Eweniyi O. (2013): Approach to cyber

security issues in Nigeria:

Challenges and Solutions. International Journal of

Cognitive Research in Science

Engineering and Education (IJCRSEE), Vol. 1, No. 1.

[Link] 2024

[Link] 2024

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