The revolution of the cyber world grows rapidly, and the dangers of cyber crime like fraud, scams, harassment and even terrorism have evidently developed with technology (Ionescu, Irea & blăjan 2011). Local laws alone are not enough to stop this rapid growth such crimes require a ‘transnational approach’ (Moslemzadeh Tehrani, Abdul Manap Taji, 2013). Interpol (The International Criminal Police Organisation (ICPO)) is an organisation devoted to this ‘transnational’ approach and tackles cyber-related crime (Cybercrime 2016). The use of a universal jurisdiction, however, could specifically help countries internationally exercise justice and damaged caused by cyber attackers (Moslemzadeh Tehrani, Abdul Manap Taji, 2013).
INTERPOL Secretary General Ronald Noble said. “Until countries update their national legislations and agree to develop a legal framework to facilitate international cybercrime investigations, police will, therefore, need to remain creative in working with their colleagues from abroad.” (Cooney, 2012)
The cost of cybercrime includes the effect of hundreds of millions of people having their personal information stolen and an estimated annual cost to the global economy from cybercrime is more than $400 billion (Net Losses: Estimating the Global Cost of Cybercrime 2014).
List of the most common cyber crimes reported by Stephen Nale are:
3. Accessing Stored Communications
4. Sports Betting
5. Non-Delivery of Merchandise
6. Electronic Harassment
7. Child Pornography
9. Drug Trafficking
10. Criminal Copyright Infringement
In conclusion, the cyber revolution has resulted in an increase in cyber crimes like fraud, scams, hacking, terrorism and corruption globally. Building an international legislation and jurisdiction is the only way to stop the growing rate of cyber crime.
Cooney, M. (2012) INTERPOL: Lack of international laws, resources hurts cybercrime fight. Available at: http://www.networkworld.com/article/2222039/malware-cybercrime/interpol–lack-of-international-laws–resources-hurts-cybercrime-fight.html
Cyber crime. (2016). Interpol. Retrieved 27 July 2016, from http://www.interpol.int/Crime-areas/Cybercrime/Cybercrime
Ionescu, l., irea, v., & blăjan, a. (2011). Fraud, corruption and cyber crime in a global digital network. Economics, Management & Financial Markets, 6(2), 373-380.
Moslemzadeh Tehrani, P., Abdul Manap, N., & Taji, H. (2013). Cyber terrorism challenges The need for a global response to a multi-jurisdictional crime. Computer Law And Security Review: The International Journal Of Technology And Practice, 29207-215. doi:10.1016/j.clsr.2013.03.011
Nale, S. (2012). The 10 Most Common Internet Crimes. Complex AU. Retrieved 27 July 2016, from http://au.complex.com/pop-culture/2012/11/the-10-most-common-internet-crimes/
Net Losses: Estimating the Global Cost of Cybercrime. (2014) (2nd ed.). Retrieved from http://www.mcafee.com/au/resources/reports/rp-economic-impact-cybercrime2.pdf