Introduction
Crime is a worldwide phenomenon that affects every society in one way or another. It is an act that violates the law and is punishable by the state. Crime can take many forms, including physical violence, property damage, and fraud. It has become a major issue in many countries, leading to an increase in the number of laws and regulations enacted to address it. This essay will look
Regulation of IT Risk
In order to regulate the IT risk, governments work to address threat to computer crime. For example, representatives of 29 countries - including Canada, Japan and the U.S. – signed the Council of Europe Cybercrime convention in 2001. The convention deals with substantive and procedural cybercrime law. The substantive defines the following activities as crimina
ii. Cost of Phishing
Although no current research of the phishing damage of Korea or the whole world-wide-web exist there are articles displaying the cost of damage for U.S.
The damage caused by phishing ranges from denial of access to e-mail to substantial financial loss. It is estimated that between May 2004 and May 2005, approximately 1.2 million computer users in the United States suffered
Recent Situation
“ internal information security attacks are outgrowing external
attacks at the world’s largest financial institutions”
(The Global Security Survey): Only 20% of the respondents in security survey strongly
believed that Information security should be a CEO-level priority
Ernst and Young(2004)
2) IT liability risk management
: The corporations should install f