Program codes that are scheduled to execute at a particular time are known as “time-bombs”. Based on this, there are two categories of viruses: 1) Those that only disseminate and don’t cause intentional damage. Hackers displaying such destructive conduct are also called “Crackers” at times. In this section, we discuss a few common tools and techniques employed by the cyber criminals. Sending hoax emails intended to scare people. Identity Theft. Denial-of-Service attacks typically target high profile web site servers belonging to banks and credit card payment gateways. However, even by disseminating, they take up plenty of memory space, and time and resources that are spent on the clean-up job. Viruses are usually seen as extraneous code attached to a host program, but this isn’t always the case. The embedded piece of code destroys the software after a defined period of time or renders it unusable until the user pays for its further use. frauds at Enron, WorldCom, etc., the dollar magnitude of fraudulent financial reporting soared in the last decade , with total cumulative misstatement or misappropriation of nearly $120 billion across 300 fraud cases with available The most common types of online fraud are called phishing and spoofing. Theft of FTP Passwords: This is another very common way to tamper with web sites. Watch out for fake threats. 5. There are many types of cyber crimes and the most common ones are explained below: Hacking: This is a type of crime wherein a person’s computer is broken into so that his personal or sensitive information can be accessed. But if email is sent repeatedly in an attempt to intimidate the recipient, they may be considered as stalking. Referred to as “White Hat” hackers, these guys are against the abuse of computer systems. Computer fraud can be classified into many types depending upon the fraud committed but the major categorisations of fraud are mentioned below. The internet allows long-term victimisation of such children, because the pictures once put up, spread like wild-fire, and may never get taken down completely. How phishing can net some really interesting catches. Instead, this discussion focuses on the most common type of occupational fraud—asset misappropriation. Bank Account Takeover Fraud. He may change the content of the original site or even redirect the user to another fake similar looking page controlled by him. In general, there are three major types of occupational fraud—corruption, asset misappropriation, and fraudulent statements—but an examination of each of the three types is beyond the scope of this material. Some credit card companies have software to estimate the probability of fraud. Phishing– Phishing is one of the types of computer frauds which targets the account of the computer user. Cases have been reported where the attacker has asked for ransom, and even posted obscene material on the site. Web jacking can also be done by sending a counterfeit message to the registrar controlling the domain name registration, under a false identity asking him to connect a domain name to the webjacker’s IP address, thus sending unsuspecting consumers who enter that particular domain name to a website controlled by the webjacker. Attackers insert a program into the system to automatically carry out the task. Here are Computer Weekly’s top 10 cyber crime stories of 2019. To protect your software from piracy if you’re a developer, you should apply strong safeguards. It is one of the biggest internet frauds since the past few years. This command checks the data you’ve entered against the relevant table in the database. 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