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ITM 6000 Research Study: The Cost Of Cyber-Crime

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ITM 6000 Research Study: The Cost Of Cyber-Crime
ITM 6000 Research Study – The Cost of Cyber-Crime
Submitted by
R. Allen Green
Prepared for
Professor Philip D. Whittle
ITM 6000 Information Technology Management
Fall II, 2013
Webster University
December 16, 2013

CERTIFICATE OF AUTHORSHIP: I certify that I am the author. I have cited all sources from which I used data, ideas, or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.
Abstract
Cyber-crime, also known as e-crime, costs companies billions of dollars every year in stolen assets and lost business. Cyber-crime can thoroughly disrupt a company’s marketing actions. Additionally, when a business falls victim to cyber criminals, which could cause a
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This attack may be undertaken to gather information to support a later attack or the data collected may be the end goal of the attack. This attack usually involves sniffing network traffic, but may include observing other types of data streams, such as radio. In most varieties of this attack, the attacker is passive and simply observes regular communication, however in some variants the attacker may attempt to initiate the establishment of a data stream or influence the nature of the data transmitted. However, in all variants of this attack, and distinguishing this attack from other data collection methods, the attacker is not the intended recipient of the data stream. Unlike some other data leakage attacks, the attacker is observing explicit data channels (e.g. network traffic) and reading the content. This differs from attacks that collect more qualitative information, such as communication volume, not explicitly communicated via a data stream.
b. Data Modification
Privacy of communications is essential to ensure that data cannot be modified or viewed in transit. Distributed environments bring with them the possibility that a malicious third party can perpetrate a computer crime by tampering with data as it moves between sites.
In a data modification attack, an unauthorized party on the network intercepts data in transit and changes parts of that data before retransmitting it.
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The first is that another person committed the crime. Second, the individual being charged had knowledge of the crime or the principals ' intent. Third, the individual provided some form of assistance to the principal. An accessory in legal terms is typically defined as a person who assists in the commission of a crime committed by another or others. In most cases, a person charged with aiding and abetting or accessory has knowledge of the crime either before or after its occurrence. A person who is aware of a crime before it occurs, and who gives some form of aid to those committing the crime, is known in legal terms as an "accessory before the fact. "He or she may assist through advice, actions, or monetary support. A person who is unaware of the crime before it takes place, but who helps in the aftermath of the crime, is referred to as an "accessory after the

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