Cyber Crime Reasons Unemployment Greed Improper IT structure FINAL.ppt

Cyber Crime Reasons

1. Reasons for cyber crime with Specific reference to
Unemployment , Lack of proper IT Structure ,
Greed to earn more money
Mr. Jyotindra Mehta Mr. Nalin Vasa
Mr. Shailesh Thakar Mr. Tapubhai Limbasiya
Mr. Jimmy Daxini Mr. Dayabhai Delawala
Mr. Madhav Dave Mr. hitesh Choksi-Presenter
Presentation By Group 6 – Rajkot Nagarik Sahakari Bank Ltd

2. Cybercrime & Unemployment
•We are living in digital/cyber space and are heavily dependent upon
internet, hence vulnerable to a wide range of cyber threats/attacks/
crimes that can result into both quantitative loss and qualitative
impact despite the robust IT security protocols.
•We are dealing with White Collar Criminals and when especially they
are very literate but Unemployed, it has a special impact.

3. Unemployment
•Unemployment can be a significant factor in the increase of
cybercrime. When people are struggling to find work and make ends
meet, they may turn to cybercrime as a way to make money.
Cybercrime can be an attractive option for those who have IT skills
but cannot find legitimate employment opportunities.
•Due to the devastating economic challenges caused by the coronavirus
pandemic, millions of people have been placed on furlough or left
unemployed, and with no choice but to look for new ways to make
money, some have turned to cyber crime.
 

4. Unemployment can lead to an increase in cybercrime for several reasons.
Here are some possible explanations:
1.Financial pressure: Unemployment can cause financial stress and
desperation, leading some people to resort to cybercrime as a way to make
money. Cybercrime can be seen as an easy way to make quick money without
having to leave their homes or engage in physical criminal activity.
2.Lack of legitimate opportunities: In some cases, unemployment may result
in a lack of legitimate job opportunities, leaving individuals with limited
options for making money. This can lead some to turn to cybercrime as a way
to fill the void and make ends meet.
3.Increased time online: When people are unemployed, they often have more
free time on their hands. This can lead to increased time spent online, where
individuals may be exposed to cybercrime opportunities and become more
vulnerable to engaging in such activities.
4.Lack of purpose: Unemployment can also result in a lack of purpose or
direction, leaving individuals feeling lost or bored. Cybercrime may offer a
sense of purpose or excitement that is lacking in their daily lives.
Unemployment

5. Lack of IT Infrastructure
•Lack of IT structure can also contribute to the rise of cybercrime. In many
countries, there is a significant technology gap between the government and
the private sector. This gap can create vulnerabilities in the IT infrastructure
that cybercriminals can exploit. Additionally, lack of education and awareness
of cybersecurity among individuals and businesses can also make them more
susceptible to cybercrime.
•According to Lt. General Rajesh Pant, cybercrime is the biggest man-made risk
that the economy of a nation faces. He says, “In 2021, the losses due to cyber
crime were approximately $6 trillion.” He is of the view that India’s dream of
achieving a 5 trillion dollar economy could face a severe threat if the nation
does not take measures to tackle cyber crime and build resilient infrastructure

6. Lack of infrastructure can contribute to an increase in cybercrime in several ways:
1.Vulnerabilities: When a country or organization lacks sufficient cybersecurity
infrastructure, it is more vulnerable to cyber attacks. This can be due to a lack of
resources for implementing security measures, or a lack of awareness about potential
cyber threats. Cybercriminals may take advantage of these vulnerabilities to carry out
attacks such as phishing, malware, or ransomware.
2.Limited resources: A lack of infrastructure can also mean a lack of resources for
detecting and responding to cybercrime. Without adequate cybersecurity measures in
place, organizations may not have the tools or expertise to detect and respond to cyber
attacks in a timely manner. This can allow cybercriminals to operate undetected and
continue their activities for longer periods of time.
3.Poor data protection: A lack of infrastructure can also lead to poor data protection
practices, such as weak passwords, unencrypted data, or insecure networks. These
practices can make it easier for cybercriminals to gain access to sensitive data or systems,
potentially leading to data breaches or other types of cybercrime.
4.Lack of legal framework: Finally, a lack of infrastructure can also mean a lack of legal
framework to address cybercrime. This can make it difficult for law enforcement agencies
to investigate and prosecute cybercriminals, or for victims to seek justice. This can create
a sense of impunity for cybercriminals, leading to an increase in cybercrime.
Lack of IT Infrastructure

7. Greed for Money
•Greed is another driving force behind cybercrime. The potential for
financial gain is often the primary motivation for cybercriminals. They
may use their IT skills to steal sensitive information, commit identity
theft, or perpetrate online scams. The lure of easy money can be hard
to resist for some people.
•Greed can make people vulnerable to manipulation by cybercriminals
who promise financial gain or rewards in exchange for personal or
financial information. Cybercriminals often pair it with a need, that is
they know what their targets desire and use the desire of their targets
as bait

8. Greed to earn more money
Financial Motivation:  Many cybercriminals engage in cybercrime for financial gain. They may see
cybercrime as an easy way to make money quickly, without the need for a traditional job. This financial
motivation can be driven by greed, as the desire for more money can outweigh any ethical concerns.
Opportunity: Cybercrime can provide opportunities for individuals to make large sums of money
quickly. For example, ransomware attacks can yield significant financial returns for cybercriminals who
successfully extort money from victims. Greed can make individuals more likely to pursue these
opportunities and take risks to maximize their financial gain.
Lack of Consequences: Cybercrime can be an attractive option for those who feel that there are no
consequences for their actions. Many cybercriminals operate in countries with weak law enforcement
and lax cybercrime regulations, making it easier for them to get away with their crimes. This lack of
consequences can make cybercrime a more appealing option for those driven by greed.
Sense of Power: For some individuals, engaging in cybercrime can provide a sense of power and
control. The ability to manipulate and exploit technology for financial gain can be empowering,
particularly for those who feel powerless in other areas of their lives. This sense of power can fuel
greed and motivate individuals to engage in cybercrime.

9. THANKS