Tuesday, August 12, 2008

Research 1 company and describe how they protect their company from internet risks.Also, research for possible risks or dangers and/or impacts of internet - related crimes to a company.

One company that ensures their system that's free from internet risks is the NOKIA company.
Nokia uses encryption technology when collecting financial personal data such as credit card information. If this site supports on-line transactions, it will use an industry standard security measure, such as the one available through "Secure Sockets Layer" ("SSL"), to protect the confidentiality and security of online transactions. If used, industry standard security measures like SSL authentication ensure that credit card information, as well as other personal data submitted as part of the buying process, is reasonably safe from third party inteception.

One danger in internet in a company is the "hacking". Below is a report who was a victim of this kind of fraud over in the internet.

1. Indian Hackers " Pump and Dump " Scheme: On March 12, federal officials unsealed an indictment charging three individuals from Chennai, India, with conspiracy, securities and wire fraud, and identity theft tied to the hijacking of online brokerage accounts in what authorities call a "hack, pump, and dump" scheme. According to the indictment, last year the defendants, based primarily in Thailand and India, set up online brokerage accounts, hacked into other accounts to buy thinly traded stocks, and once the stock had risen, they sold off their own shares. Among the victims are at least 60 customers and nine brokerage firms in the United States and overseas, with over $2 million in losses.

2.Accurint Computer Fraud and ID Theft: On March 5, a federal judge sentenced five men for conspiracy to commit computer fraud and identity theft tied to intrusion of the Accurint database. Using Trojan horses, social engineering, and other techniques, the defendants obtained user login IDs and passwords and then made unauthorized entries into the Accurint database, which is widely used by law enforcement. All five men are restricted from using computers and were ordered to pay $105,750.29 in restitution to Lexis/Nexis (Accurint's owner) and the Port Orange Fla., Police Department.

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