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6) Cyber-frauds have grown in terms of sophistication and reach in the recent times  with increasing influence of social media. Critically analyse.(250 words)

TopicChallenges to internal security through communication networks, role of media and social networking sites in internal security challenges, basics of cyber security; money-laundering and its prevention.

6) Cyber-frauds have grown in terms of sophistication and reach in the recent times  with increasing influence of social media. Critically analyse.(250 words)

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Why this question:

The article brings us highlights of a  report- Current State of Cybercrime – 2019″ white paper, released by RSA Security, that states cyber criminals are increasingly relying on social media platforms to sell stolen identities, credit card numbers and other ill-gotten gains. Fraud from mobile apps rose 680% between 2015 and 2018.

Key demand of the question:

Analyse in  detail the issues around cyber security, the root causes of Cyber fraud and what needs to be done to handle the menace.

Directive word:

Critically analyzeWhen asked to analyze, you  have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgement.

Structure of the answer:

Introduction:

In a few introductory lines discuss the highlights of the report.

Body:

  • First explain what you understand by cyber frauds  – cyber fraud is any crime that is committed with the use of a computer or to computer data. This can look like many things, such as: Identity theft. Stolen bank account numbers.
  • Due to the incredibly rapid advances in technology and electronic communications, a steadily increasing proportion of total fraud is

being perpetrated with the use of computers, the Internet, and sophisticated software and programming techniques.

  • Discuss the impact, reach and expanse – not only are individuals victimized by cyber fraud, but companies suffer from the costly effects of cyber fraud within their networks.
  • Explain while some of the detection and prevention methods for managing these cyber risks will be technological, a human element in the fight against cyber fraud will always be central to the war on such crimes.
  • explain with the aid of recent examples.

Conclusion:

Conclude with what needs to be done, suggest way forward.