Computer Forensics Essay

971 WordsApr 1, 20124 Pages
Evolution of Cybercrime Computer Forensics Evolution of Cybercrime Evolution of Cybercrime The digital age is in full swing. Corporations, businesses, state and local government offices, as well as educational institutions have begun to embrace the evolution and life cycle of this ever so changing cyber world culminating before us. These institutions are seeing positive returns by utilizing technologies to automate functions that were once performed manually, thereby reducing overhead costs and opening up new revenue streams. With that being said, there is also a dark side to this chaotic push toward cyber power. According to the Regional Computer Forensics Laboratory (RCFL), in 2006 the average cybercrimes reported across all RCFL branches in the U.S. accounted for 45%, the most crimes committed amongst all crime classifications in America (1). These reports showed that virus contamination was the number one cause for financial losses within these types of institutions, followed by unauthorized access to information, laptop or mobile hardware theft, theft of proprietary information, denial of service, financial fraud, insider abuse of network access or e-mail, and telecom fraud. The Internet Crime Complaint Center (IC3), reports show a slight drop of complaints from 2005 to 2006, but attribute this partly to better knowledge and understanding of the validity of these complaints. Dollar loss attributed to cybercrimes showed an increase from 68.1 million in 2004, to 183.1 million 2005, and 198.4 million in 2006; a staggering increase from 2004 to 2005 (2). One stat that does not seem to be listed under either of these reports is identity theft. This attributed 49.3 billion dollars in losses which accounted for 3.7% of the American populous in 2006. Though down from 4% in 2005, these numbers only prove that cybercriminals are keeping a good pace ahead of law

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