Week 4 Discussion.docx - Discussion 1 In 2011 over 74...

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Discussion 1 In 2011, over 74 million people disclosed in the U.S. that they were victims of cybercrime in 2010 that resulted in $32 billion in financial losses (Saini, Rao, & Panda, 2012). Furthermore, according to McAfee (2018), ransomware is the fastest growing cybercrime tool, in which $209 million in ransom was paid during the first quarter of 2016, contributing to an overall financial loss of $4.2 trillion in 2016. With advancements in technology, technology is a necessity for every household from the lower class all the way up to the upper class, no one can comfortably and easily survive with the internet in today's society. In my opinion cybercrime all classes within society. Although, the question is which class is most affected by cybercrime, this requires a more in depth look at targeted data spreads throughout the years. When analyzing the spreads, the most affected are the upper class, multi-national companies, and government institutions. These cybercrimes are not just devastating to consumers but can also impact the reputation and integrity of the companies or institutions. An example of this can be seen in the data breach of Target in 2013, where over 41 million consumers were affected by having their personal information stolen, resulting in Target paying $18.5 million in a multistate settlement (USA Today, 2017). This cannot

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