Severity of cyber crime

Write a 3 page essay on Discusstion.Most of the businesses these days are using information technology to expand their origins and this is where cyber crime comes into play. It has been found that cyber crime poses a threat of 2.4 billion to the businesses operating in the United Kingdom. Similarly it was also found that this crime brought upon a loss of $67.2 billion to the companies operating in the United States (Marsillac et al 2010). Considering the high numbers of these crimes, it is estimated that cyber crime is further increasing over time and it needs to curbed as soon as possible. Different regulatory organizations have been formed all over the world to overlook the issue of cyber crime. This essay revolves around the severity of cyber crime as it is found in the world and resorts to an option that would help to limit the crime in totality.It was found that Cyber Crime went up by 10.4 % in the year 2014 from the previous year which clearly shows a growth in the pattern of cyber crimes. In accordance to the costly cyber crimes it was found that insiders, service denials and internet attacks formed an important part of the paradigm (Kassner 2015). Discerning from the research it can be said that the most suitable policy to thwart cyber crime should revolve around the threat from the inside of the company. These insiders are the ones who know most about the company and they can easily access the information with the appropriate information. If these insiders are stopped from committing the crime, the rate can be drastically reduced. The role of managers in curbing the crimes cannot be emphasized enough but the organization should also make sure that they are following the principles of strategic survival in the market. The managers can make sure of this by affirming legitimacy to the firm which forms an utmost part of its dealing with the competitors.

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