The Effects Of Cyber Legislation On The United States

The proficiency and efficacy of the cyberspace in its application in accounting, finance, system designs, manufacturing etc., cannot be denied nor neglected. The reality of the twenty-first century is simple; no organization can survive without the adoption and implementation of the mechanism of information technology to their area of business. On the contrary perspective, there are several challenges that are associated with the cyberspace, among which is majorly cyber security. Recently the hackers’ activity has really skyrocketed and has become a major concern for organizations, states and federal governments and even international organizations. Several regulatory schemes are put in place to mitigate the activities of hackers across the globe.

As organizations utilize software and the internet together to make transactions and complete accounting functions, the threat of cybercrime comes into play. “Cyber crime against private business is growing, and consuming a larger share of Federal Bureau of Investigation resources than ever before…” (Kelly, M., & 42 staff, 2011)

Hewes, J. A. (2016). Threat and Challenges of Cyber-Crime and the Response. SAM Advanced Management Journal (07497075), 81(2), 4-10.

Moreover, many organizations within the public and private sector heavily relies on technology to carry out their day to day operations. Those cyber technologies help make many difficult or tedious tasks easier to do and technology can also carry out many of those tasks more effectively and efficiently than humans can. However, cyber technologies are at risk of espionage, cyber attacks, or other crimes such as theft and fraud (Ammori & Poellet, 2010).

Cyber threats have increased dramatically over the past few years, with large companies such as Amazon, Netflex, PayPal, Wikipedia and most recently Equifax, experiencing high profile breaches. Traditional tools, defenses and responses have been strained with keeping up with the level and sophistication of an very organized and ubiquitous hacking community, which has coalesced into organized crime syndicates that the FBI and law enforcement continues to battle.

Over the past twenty years, the Internet’s role in our lives has grown to an everyday necessity. We rely on the Internet to communicate within the scope of our employment and social lives, to conduct our banking and bill paying, we even use it to track our personal property. There is hardly one area of our lives that we can not conduct over the Internet. While the Internet is a convenience that has made our lives easier, it has also opened the door in our lives to a vulnerability that is rapidly being exploited by cyber criminals. Cyber crimes are growing at an exponential rate in the United States and we, the consumers/end users are unaware of the liabilities a simple click on the wrong button can cause. This paper will

Our corporations, and even government agencies, continue to demonstrate the variation in defense and mitigation techniques, as we are more or less unsurprised when another company reports an erroneous amount of stolen credit card and banking data. Indeed, our visage of unconditional safety is leaving us vulnerable on the cusp of another internet revolution.

Evaluating the various laws, regulations, and legal concepts specific to cybersecurity and how it relates to managerial decisions within the private sector, in addition to the ability of protecting national security is a frequent topic of discussion within the cybersecurity, government and private sector communities. Although this topic is often debated, there is no true right or wrong response to how managerial decisions should be made when discussing cybersecurity. Ultimately, the decision to have government intervene in private industry regarding cybersecurity issues may rest with popular demand and/or private industry voluntarily accepting government recommendations. While technology is consistently changing and advancing, government laws

Today’s Government is faced with many challenges when it comes down to Information Assurance compliance. The Government is faced with the impossible task of unifying all systems and ensuring that they meet all the mission needs. So this paper will include an analysis of cybersecurity metrics as well a governmental policy framework. I will discuss some cybersecurity strategies, frameworks, workplace threats caused by modern day technology, and at least one governments strategic prospective as it relates to their methodology of what a cybersecurity policy should be.

Society today is plagued with crime that is difficult to combat, constantly changing, and has no borders; this type of crime is called cybercrime. The United States of America is attacked on a daily basis by cyber criminals both foreign and domestic. The crimes committed involve fraud, identity theft, theft of proprietary trade secrets, and even theft of national secrets. The 2009 Internet Crime Report indicates there were 336,655 received cybercrime complaints in 2009 and a total monetary loss of $559.7 million (“2009 Internet Crime Report,” 2009). Cybercrime affects everyone; therefore, individuals, corporations, and government entities are responsible for safeguarding information against these attacks. Clearly, a unified front must

The research paper will take an in-depth view of the current cyber threat and will explore the current efforts taken by the United States in combating the rapidly growing cyber threat. The research conducted will revolve around recent piece of legislation that are said to be the answer to combating cyber-crime. This paper will also look at past efforts and explore their failure and compare with the new piece of legislation to see if it will actually be effective. There are many cyber security techniques which have been implemented in the attempt to thwart the threat and have failed, what makes this approach different.

Securing cyberspace is one of the most important and urgent challenges of our time. In light of the growing threat and the national security and economic ramifications of successful attacks against American businesses, it is essential that corporate leaders know their responsibility for managing and disclosing information security risk. (Rockefeller, Menendez, Whitehouse, Warner, & Blumenthal)

One of the fastest growing and challenging fields of law enforcement is the realm of cybersecurity and cybercrime prevention. Though the field is still in its infancy at the municipal level, there are many opportunities at the federal level that focus on matters of national security. Many countries are now dependent on internet-connected information systems that directly affect their critical infrastructure (Tofan, Andrei, & Dinca, 2012). Unfortunately, an attack against this critical infrastructure can completely cripple a nation, as evidenced in Estonia in 2007 (Shaikh & Kalutaragek, 2016). This particular attack is often seen as the first cyberattack on a nation’s critical infrastructure, and targeted governmental websites and financial institutions (Tofan et al., 2012). The attack lasted two weeks, and devastated the country’s network infrastructure (Tofan et al., 2012). Another recent example of the potentially disastrous effects of cyber-warfare is the 2010 Stuxnet attack on an Iranian nuclear reactor. In this particular event, the true dangers of a cyberattack were realized as sophisticated malware caused uranium enrichment centrifuges to fail (Singer, 2015). As the nature of cybercrime and cyber-espionage continues to evolve, law enforcement professionals will need to be hired and trained to meet the challenge head-on.

Advances in modern day information technology has presented many challenges for business organizations in combating internet cyber attacks. Undoubtedly, cyber security has become one of the biggest concerns of corporations as demand for more transparency in business grows, and e-Commerce and e-Business optimization continues to evolve. Cyber attacks are malicious criminal acts of deception over the internet to infiltrate personal and business information system networks, data, infrastructures, or any mobile computer devices with the intent of stealing information, proprietary intellectual properties or identity theft. From 2013 - 2014, big businesses such as Target, Home Depot, Neiman Marcus, JP

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).