Ethiopia has been alarmed with the increase in the cyber-crime attacks in the country. The need for felt to introduce a regulation or law that could counter cyber crimes and protect the financial institutions in Ethiopia. The cyber law has emerged as a law which counters the cyber related issues and protect the cyberspace of the country.
A recent survey conducted by Microsoft has revealed the sharp rise in the cyber-attacks in India in the recent times. Most online users have been victims of cyber-attacks in India. The loss of personal data and email account hacking are the primary concerns. The trend in cyber world has transformed the conventions facilitating services beyond imagination. The online users in India have a great concern over the social network account hacking rather than the personal information theft. The protection of personal information like credit card information, bank account details and other confidential personal data is not the primary focus. The theft of the personal information can pose a dangerous threat making the user vulnerable to identity theft. The survey indicates majority use online servicesfor accessing social networking sites, while some for entertainment, few for research. The 90% of the systems have anti-virus soft wares installed on their laptops, computers. Mostly the free anti- virus tools are used. The users suffer lot of damages as top priority is not made to secure personal information.
The Chinese Cyber Law was finally enhanced due to extensive cyber-attacks. The cyber law of china which did not have strong provisions for cyber crimes earlier have become a victim recently to many cyber threats. China is considered to be the hacker’s hub has now been hit by many cyber crimes. The amendments were not made to cyber laws corresponding to the latest cyber crimes.
The sharp rise in cyber crimes has affected various individuals, companies, small and big business houses, corporate, students, social welfare organizations, industries, educational institutions making them victims to cyber-attacks. Most of them are not aware of what attack was executed against them , what action can be taken against the attackers.
The terrorism is one of the biggest challenges in the world today. The cyber terrorism is one of the most difficult attacks to counter in the recent times. The cyber terrorism as the name suggests makes use of the internet in an attack. The attack may be a terrorist attack or an attack for political purposes. It is generally an internet based attack to disrupt large networks across the globe. The term cyber terrorism is very wide. It attacks the networks across the world without necessarily affecting the real world infrastructure, properties or lives.
The latest report reveals that nearly 80% of the small business houses are of the belief that they are not likely to be a targeted by the cyber criminals. The awareness and training programs are not conducted making the employees unaware of the latest cyber security practices. The computer criminals exploit the loopholes in the security and pose a threat to the business houses.
The world’s most developed federal nation is now not safe in its cyber world. A US military contractor is the latest victim of hacking.
The rapid development in information technology, most banks today in India adopt the practice of mobile and electronic banking. The banks uses smsemails to communicate with its users. Exploiting this technique many cyber criminals start sending the fake emails, sms and create a fake login page to steal the details of the customer, thereby launching a phishing attacks on the victims.