The chief aim of all cyber crime is economic; that is, most crimes are committed with the goal of securing greater wealth. According to a 2013 study conducted by the InfoSec Institute, cyber crime makes up … The impacts of a cyber attack can be determined in terms of losses that it brings with itself. The term cyber crime is confirmed as the official crime term as criminals started getting more aggressive over the online and becoming a threat for millions of Internet users. We don’t have enough time to research the effects, or potential effects, of new technology. The problem is that technology is often far in advance of the conversations society should be having. A data breach may lead to financial, regulatory , reputational or operational loss . 3. Cyber crime is an evil having its origin in the growing dependence on computers in modern life. ... United States is leading in cyber-attacks throughout the world about 35 % (approximately) in total of the whole world followed by South Korea 12 % of cyber-attacks of the whole world. Due to computer crime there is loss of billions of dollar annually. Social Medias are considered as part of life for a major portion of Internet users. It can also occur when a [3] Today computers have come a long way, with neural networks and nano-computing promising to turn every atom in a glass of water into a computer capable of performing a Billion operations per second. INTRODUCTION Cyber crime is an activity done using computers and internet. Effects of Cyber Crime Loss Of Revenue One of the main effects of cyber crime on a company is a loss of revenue. Introduction. The following examples are three ways that cyber-crime affects companies and their customers. Fighting cyber-crime is expensive and must always evolve as new threats and methods emerge. In a day and age Cybercrime has a direct and significant impact on jobs, innovation, economic growth, and investment. One of the most palpable effects of cyber crime is its disastrous monetary consequences. It’s always created and made available unchecked, and we have to respond afterwards. Additionally, IP theft makes up at least 25% of cybercrime costs, and has an especially high threat to military technology. Unlike these crimes, cyber crimes can be committed single handedly and does not require the physical presence of the criminals. We can say that it is an unlawful acts wherein the computer either a tool or target or both. With cyber-attacks able to cause such damage to networks and shut down services, the effects could be extremely damaging. 2 days before Christmas 2016, a … Just like every other sphere of life, crime too has gone online, and we are poorly prepared. HISTORY OF CYBER CRIME The first recorded cyber crime took place in 1820. 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