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Asked by halliegreen on Dec. 10, 2019
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Cyber Attacks


According to the statistics shared by https://superessay.org, cyber attacks have become a serious security threat to individuals, companies and even nations causing numerous losses. They target computer information systems, infrastructure, computer networks, and even personal computers with an aim of accessing information and using it for malicious purposes. In light of technological advancement, cyber attacks have become increasingly sophisticated and dangerous causing financial losses, theft of intellectual property, and loss of public confidence and trust. The development of social media, online shopping, and the need to access information online have forced many people to become dependent on the Internet which is the main tool used to carry out cyber attacks.
Current essay explicates the extent to which clients may expect account safety and trade-offs that should be carried out using advanced technologies such as online purchasing.
Accordingly, cyber attacks can cause massive losses among individuals. In line with the recent rise in cyber attacks, individuals should expect a decline in their account safety. Most hackers are looking for new ways of executing their mission in terms of retrieving and accessing personal information of individuals. Most of the attacks have been focused on retail institutions, which are perceived as soft targets because of the high volumes of services they offer. The increasing activity among hackers continues to diminish account safety, and clients have to expect the worst in the upcoming days. In fact, some hackers have gone to the extent of monitoring the activities taking place in the personal accounts of individual clients hence making them more vulnerable. Companies find it difficult to deal with the rapidly increasing incidences of cyber attacks among their clients hence leaving them helpless. This is evidenced by the report conducted in Ponemon Institute, which showed that at least 43% of firms in the U.S. experienced data breach in 2013. These breaches are projected to grow in the future. Therefore, the security of client accounts continues to become fragile at the wake of each day.
The continuing enhancement of technology around the world is quickly diminishing the chances of account safety among clients, as it gives hackers an opportunity to embrace more sophisticated methods of accessing these accounts. It is worth noting that several governments around the world including the U.S. government do not find it easy in terms of addressing cyber-crimes. Technology has made these attacks more pervasive than before, as most people have a chance of accessing the accounts of specific targets. They have advanced techniques that play an instrumental role in continuously monitoring the account activities of their target clients. Anything available in the accounts is always lost for the benefit of these hackers hence posing an increased challenge to tracing these individuals and dealing with the problem in the most urgent manner possible. The extent of client account safety is minimal around the world because of the interwoven nature of the global economic systems. The advanced levels of technology make it easier for hackers to identify infrastructure vulnerabilities and take advantage of them by reaching client accounts hence causing harm. This continues to leave many governments and companies around the globe in a desperate situation, as their esteemed clients experience massive losses from cyber attacks.
Two significant trade-offs should occur with advances such as debit card payments and online purchases. One of the key trade-offs that should occur is the revelation of IP addresses for clients. Accordingly, it is necessary for users to disclose the numerical labels assigned to their devices, and accept to lose some form of privacy in this regard. This trade-off would serve two key functions. Firstly, it would facilitate location addressing. This means that the individuals using the Internet Protocol for communication would be positively identified with the respective location. Secondly, it serves the purpose of host network interface identification. Such details are helpful in the prevention of this menace hence preventing rampant instances of cyber attacks.
The second trade-off that could occur is non-personally identifiable profiling. This would become an acceptable trade-off for the convenience of users who would otherwise lose the workarounds needed to prevent access to such details. This is information that belongs to a particular individual and his/her account profile. This would be a crucial trade-off because it plays the instrumental role helping to locate a person to whom such details pertain. Clients would not be in a risky position that exposes them to the easy loss of information. Again, it assists in the revelation of the location of the user hence leading to the tightening of security, which helps in the prevention of cyber attacks around the globe. People must understand the significance of these trade-offs to avoid further losses in their personal accounts, as they engage in Internet purchases and online payments.
In conclusion, the threat of cybersecurity is real as many governments and experts around the globe have admitted that the problem is pervasive and could become worse in the future. The extent of client account safety is minimal because most hackers have devised sophisticated methods that make it difficult for experts to detect and prevent cyber crimes immediately. Losses continue to be witnessed by clients around the globe, and companies seem to be lost in terms of tackling the problem in the most effective manner possible. Therefore, clients need to accept the trade-offs of losing their privacy by revealing their IP addresses and non-personally identifiable information to enhance the security of their accounts in the future.




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