Question

Hello dear,

Subject name: Accounting Information System

My question from the book:

Most cybercrime is not reported. Give as many reasons as you can why much of this crime is purposely downplayed. Do you consider these reasons valid?

Please minimum of 150 words, I wish to get it clear so I can read it.

Thank you very much

Answer 1

With the advent and increase in technology, cyber crimes have become rampant. They are committed in in various forms and victims have a hard time reporting the same. The first reason to not report a cybercrime is to find a easier way out. In the case of ransomware crimes, the victimes find it easier to pay the amount being asked for rather than reporting the crime and risk losing their data.

Sometimes a cyber attack is an employees fault. People click on something they should not and breach a company's security code. If the companys data has been compromised due to your fault, the common human tendency is to conceal the fact and not tell the boss.

Many instances of cyber crimes are not reported because victims consider that the data stolen is not that important and not worth reporting.For example, if the name of employees and their addresses are stolen but their passwords or other crucial information is not compromised, the fraud shall not be reported.