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CYBERCRIME 101: WHAT YOU DON`T KNOW CAN HURT THE MOST

Date: November 01, 2021
Source: Computer Crime Research Center


KARACHI:
The Internet, like all technologies, is a double-edged sword. Where it empowers us to pool our efforts and maximise our potential by interconnectivity and greater convenience, it offers these same boons to criminal elements and predators.

Advances and increase in user bases around the world have been matched by a proportional increase in online crime around the world. On the financial front, costs inflicted globally cybercrime are increasing by roughly 15 per cent year on year. Enabled by the Covid-19 pandemic, online criminal activities increased by up to 600 per cent in 2020 and 2021, and are expected to cost $6 trillion by the end of this year. By 2025, a report by Cybersecurity Ventures estimates the figure to rise to a staggering $10.5 trillion.

But finance is only one part of the equation. Much of cybercrime leaves in its wake a human toll that is immeasurable by its very nature. As predators, harassers and stalkers prey on the must vulnerable, the damage they leave behind often lasts a lifetime for their victims.

When it comes to Pakistan, what is even more tragic is how preventable much of cybercrime is. Unlike their counterparts in many developed countries, criminals and predators here don’t even require that sophisticated a toolkit as they find greater opportunity in exploiting victims’ lack of awareness and knowledge.

Speaking to The Express Tribune, a senior anti-cybercrime officer of the Federal Investigation Agency underscored this very point.
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