(Video) Describing the problems of cybercrime

Roger Smith, CEO at R & I ICT Consulting Services Pty Ltd and Amazon #1 author on Cybercrime discusses the problems associated with cybercrime.

[Start of transcript]

Hi, my name is Roger, and I’d like to describe some of the problems that are created by cybercrime.

So, what sort of problem does a cybercrime create for an organization? Well, there is one where there is the theft of your information. Now your information is critical to your business. It’s how your business works, that information, whether it’s information about your clients, information about your intellectual property or trade secrets, or it’s how you do business itself. Every business is unique and it doesn’t matter how big or small you are you are a unique business because you may not do things the same way that everybody else does and that is really important. Or they can be stealing your financial resources, so your access to your credit card, access to your bank account, these are some of the targets of what cybercrime is all about. And they’re usually the more noticeable ones that we hear about on the internet.

But there’s a number of other ones. You may not have financial information on your pc, you may not have any intellectual property so first question you’re going to ask is; why would they be targeting me? Well, in this case you’ve got a computer and a computer in the wrong hands is a devastating piece of equipment.

So, a compromise system, which is what your computer would turn into becomes part of a botnet or it gets turned into a zombie, to the level where yes you can still use it, it’s doing all the right things, but every time you put your password to Gmail into it, it then picks it up and sends it back to the command at the control center.

But botnets are one of the biggest problems. Botnets are literally huge groups of computers that have the same malware that is controlled by the same organization. Now, that organization doesn’t matter how we do it. And we’re finding now that the cyber criminals are going down the same path the normal businesses are going into.

So I can now go on to the dark web which is ninety percent of what the digital world is and I can organize for one of these control centers to attack my rival if I wanted. By doing that, we have a major problem, because our computer is now a component of an attack on someone else. We may not have anything to do with it, we have no control over it, so it is really important to make sure that that doesn’t happen.

Now the logical solution to all of this would be disconnect from the internet. Disconnecting from the digital world is not a feasible thing nowadays. Everybody is now online whether it’s on your phone, on your tablet, on your laptop, on your computer, cloud based, terrestrial based, it doesn’t matter, we are all connected to the digital world. So we can’t turn ourselves off. So we have to work to find ways of protecting ourselves.

The best way we can protect ourselves is by a firewall, a personal firewall on the pc. We need to have antivirus and anti-malware, okay. We need to make sure that they’re always up to date. But in addition to that we also need to make sure that there is patching, so everything, that the updates comes through for operating systems applications are applied in a timely manner. Because that is one of the only ways to protect yourself. There are other ways, complicated passwords. Separate the information, laptops I think are also important.

So thank you.

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Roger Smith, is an educator. Teaching students at ADFA (UNSW) and showing them how vulnerable they are to cybercrime.

He is also CEO at R & I ICT Consulting Services Pty Ltd, an Amazon #1 author on Cybercrime and founder of the SME Security Framework. He is a Consultant who specialises in inexpensive and highly effective security strategies for small and medium businesses and not for profit organisations.

He has developed and authored the SME Security Framework and the Security Policy Training Course which are considered to be the definitive guides to helping SME's protect their organisation using the principles of Technology, Management, Adaptability and Compliance.