Types of Cyber Crimes

1. I C O N L E G A L S E R V I C E S . C O M 01

2. TYPES OF CYBER CRIMES Email and internet fraud Theft of financial or card payment data Theft and sale of corporate data Cyber extortion Ransomware attacks Cyrptojacking 02

3. EMAIL AND INTERNET FRAUD Email fraud (or email scam) is intentional deception for either personal gain or to damage another individual using email as the vehicle. Almost as soon as email became widely used, it began to be used as a means to defraud people, just as telephony and paper mail were used by previous generations. The term "internet fraud" generally covers cybercrime activity that takes place over the internet or on email, including crimes like identity theft, phishing, and other hacking activities designed to scam people out of money. 03

4. THEFT OF FINANCIAL OR CARD PAYMENT DATA Phishing is a type of fraud that involves stealing personal information such as Customer ID, IPIN, Credit/Debit Card number, Card expiry date, CVV number, etc. through emails that appear to be from a legitimate source. Card payment fraud is any unauthorized use of a payment card, or the information registered to it, to make a fraudulent transaction. This could be to make a purchase with the victim's money, withdraw cash from the victim's bank account, or transfer money from the victim's account to a criminal's. 04

5. THEFT AND SALE OF CORPORATE DATA Corporate data theft can lead to the loss of proprietary information. This is a serious risk as it can give competitors an unfair advantage. Operational disruptions. Data theft by employees can disrupt business operations. Company data theft is the unauthorised or illegal exfiltration, transfer or copying of confidential information or intellectual property from company networks, servers or computers to a third-party location. 05

6. CYBEREXTORTION Cyber extortion is a crime involving an attack or threat of an attack coupled with a demand for money or some other response in return for stopping or remediating the attack. Cyber extortion attacks are about gaining access to an organization's systems and identifying points of weakness or targets of value. 01 Cyber extortion also involves a ransom demand but encompasses a wider range of attack methods beyond just ransomware. 02 It includes threats of exposing sensitive data, conducting DDoS attacks to disrupt operations, or demanding payment to prevent a security breach. 03 06

7. RANSOMWARE ATTACKS Ransomware is a malware designed to deny a user or organization access to files on their computer. By encrypting these files and demanding a ransom payment for the decryption key, cyberattackers place organizations in a position where paying the ransom is the easiest and cheapest way to regain access to their files. In addition to entering a system and depositing encryption malware, some ransomware operators will use multiextortion techniques to encourage payment, like copying and exfiltrating the unencrypted data, shaming the victim on social media, threatening additional attacks like Ddos, or leaking the stolen information to clients or on the dark web. 05

8. CRYPTOJACKING Cryptojacking is a cybercrime in which another party's computing resources are hijacked to mine cryptocurrency. Cryptojacking, which is also referred to as malicious cryptomining, lets hackers mine cryptocurrency without paying for electricity, hardware and other mining resources. Cryptojacking is a type of cybercrime where a criminal secretly uses a victim's computing power to generate cryptocurrency. Unlike most other types of malware, cryptojacking scripts do not normally cause damage to victims' data. 02

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