Introduction: Cybersecurity has become a very familiar term which has led to a growing awareness of the danger of allowing cybercrimes to go unpunished. As the world increasingly moves towards online commerce and e-commerce and lives primarily virtually through social media, cybercrime has become a major threat to the global economy. The impact of cybercrime on the economy is increasing and there is no sign that it will diminish. Thesis Statement: I will discuss important key points of the potential impact of cybercrime on the economy. First, cybercrime is a serious problem and has a huge impact on the economy. Second, three important key questions when it comes to cybercrime. Third, the role of the US government regarding the issue of cybercrime. Fourth, the role of the people who create the technologies and how could they secure their technologies. Fifth, the role of citizens and individuals in preventing cybercrime. Sixth, the main issues to consider in the future regarding the impact of cybercrime on the economy. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayTopic Sentence: Firstly, cybercrime is a serious problem and has a significant impact on the economy. Cybercrime, including cyberattacks and cyberespionage, makes headlines daily, not only in the United States but also around the world. Very few countries have not experienced a cyber attack. Comment: Cybercrime has serious consequences on the economy and is becoming more dangerous and serious every day. Evidence and Citations: Some reports estimate losses caused by cybercrime to be between $375 billion and $400 billion to the global economy each year (McAfee, 2014); such a high figure illustrates the seriousness of the damage that a weapon like this can cause. Whether it is the theft of the identities of hundreds of millions of people or the theft of sensitive data from organizations and businesses, this type of crime costs the economy considerable losses. It is possible to see how dangerous these types of attacks are by analyzing and investigating the main cybercrimes that have occurred in recent years. the last 10 years. The number of cyberattacks against the United States alone is astonishing, and waves of cyberthreats arise every day from countries like China and Russia. This makes the United States one of the most targeted countries in the world for cyberattacks. This also creates the need for a type of holy warrior commissioned by God and dedicated to detecting and defending his people from these types of attacks. When a business suffers a cyber attack, it may not survive and be forced to close its doors. This leads to another consequence, namely the increase in the unemployment rate, thus also affecting the economy. Whether it is bank attacks, destruction of power grids, spying on government and military information or even network shutdowns, cybercrime can trigger a war between nations like no other. Indirectly, this type of war would also drain the economy. The only way to be able to defend ourselves and our economy in this case is to know the main issues related to this topic. Topic sentence: Second, a key issue in the impact of cybercrime on the economy is companies' underinvestment in cybersecurity. Business underinvestment in cybersecurity is one of the biggest issues facingthe origin of cyberattacks. Unfortunately, leaders at some large companies don't make the security of their company's information a priority, which can cause them to wake up to a massive attack. An attack like this results in a total loss of business, but could have been avoided by investing in the company's information security. There are many ways for a business to stay secure, such as hiring a security expert who can identify business vulnerabilities and patch them. Comment: This expert can also train users, raise security awareness and encourage them to follow security procedures. All of these options are available; leaders simply need to take advantage of these tools. Topic Sentence: Another key issue is the need to create additional laws regarding the prevention of cybercrime. Evidence and Citations: There is an urgent need for a law requiring a company to hire or use the services of a security expert when the company reaches a certain value or size. Comment: This law would protect the economy and prevent as many losses as possible. Leaving such a crucial decision up to business owners can cost the economy considerable losses. Additionally, a law is needed that would require companies to report any type of cyberattack that happens to them and share details with authorities to prevent the same attack from happening again against another company while improving detection capability . threats. A third challenge is the analysis of the techniques used by attackers which allow them to access company information. These techniques include social engineering, distributed denial of service, malware, etc. Additionally, it is important to know the motivation behind the attacks, whether it is political, lucrative, or because the cybercriminal is a hacktivist, so that you can defend against these attacks. sentence: Third, the United States government has a role to play regarding the impact of cybersecurity on the economy. Government has a vital role to play in protecting citizens against the enemy, whether visible or invisible. The government's role in protecting the economy from cybercrime is extremely important. It is the firewall and the first line of defense against internal and external cyber threats. The US government should establish its authority over cyberspace, protecting and securing it as it does its territory and borders. Failure to protect cyberspace can cause significant damage to the economy and result in damage equal to that resulting from a major war. The government's responsibility should also include investing in cybersecurity research, maintaining awareness of the constant changes occurring in this area, and increasing cybersecurity. defense capabilities by acquiring the technology needed to combat cybercrime. This will help protect the country from economic damage that could result from cybercrime. Another responsibility is to protect the country's critical infrastructure, such as electrical installations, traffic control systems and water treatment systems. According to Cylance, “any cyberattack against an organization that provides critical infrastructure products or services poses a potentially significant risk to the American public” (Cylance, 2017). Comment: Attacks on infrastructure are increasing every day and hackers are using advanced techniques to try to take advantage of network vulnerabilitiesinfrastructure in order to cause damage to the economy. The government has a very important role in protecting the country from cyberterrorists. Cyberterrorists are defined as “state-sponsored and non-state actors who engage in cyberattacks to further their objectives” (Theohary & Rollins, 2015). Comment: These cybercrimes pose a threat to the economy as well as national security. If any of the types of attacks mentioned above are successful, it can have far-reaching implications for the economy. Topic sentence: Fourth, technology creators or developers who produce technological items have a great responsibility towards the users of these products, organizations and the economy. Regardless of the size of the product, whether software or hardware, a poor quality product can lead to significant loss and damage. One of the responsibilities of creators is not to release any technology product without ensuring that it is highly secure. Releasing an insecure product can potentially allow hackers to take advantage of the product's vulnerability and cause damage. Another responsibility is to run tests on the product before it is released; These tests should cover the safety and technicality of the product. During the testing process, developers should create a list of weaknesses or defects to fix; these tests must be repeated until the product meets the appropriate standards. Developer responsibility continues after product release. They should continue to provide technical support and update services to keep their products up to date with the latest threats and standards that may change after the product is released. According to Harris, creators "have a responsibility to alert the public to the potential dangers of technology." (2014, p. 86). Comment: As technology developers introduce products intended for everyday use, people should be informed of any potential threats to their health, privacy, or security. If technology creators fail to uphold their professional, ethical and moral responsibilities to users and organizations, this can potentially open the door to more cybercrimes. The damage caused by these crimes can potentially cause significant losses to the economy. Technology has become an essential part of people's daily activities. Any weakness or vulnerability in technology products, whether software or hardware, will also affect the economy and populations. Such reliance on technology places great responsibility on the creators of that technology. Technology creators are responsible for ensuring that any product they produce meets the highest possible quality standards. Additionally, they should not release any new technology before applying the necessary testing to ensure that product meets all appropriate standards. In many cases, significant economic consequences can arise, which could have been avoided by carrying out a simple test. A failure in a minor detail or the creation of poor quality products can open the door to many types of damage. For example, hackers can take advantage of product vulnerabilities to commit cybercrimes. According to Symantec, “cybercrime costs the global economy up to $575 billion annually” (2016, p. 30). Comment: This demonstrates a lack of responsibility on the part of the creators in the care and protection of God's people. It also implies a lack of fidelity intheir job because they are not carrying out their responsibilities to the best of their abilities, but rather taking the easy way out and opting for higher financial gain and faster results. Technology creators are also required to ensure user information, whether the user is a business or an individual. Failure to protect user information can lead to the occurrence of major cybercrimes, including information theft, financial theft, and espionage. Such cybercrimes will lead to potential disasters and drain the economy. Topic sentence: Fifth, consumers are one of the key factors in cybercrime. According to Nicole Van Deursen, “95% of information security incidents involve human error” (2015). A figure as high as the one mentioned makes it necessary to study the most common behaviors that contribute to causing the specific vulnerabilities used by hackers to access sensitive information. Comment: These behaviors, including leaving the computer unlocked, using personal devices at work, sharing passwords, not following proper security procedures, and using weak passwords, increase the organization's vulnerability. Since the Internet and networks are managed and operated by humans, regardless of security measures, human behavior will remain the largest vulnerability and most critical factor. Whether big or small, the errors mentioned above are all a potential vulnerability that can cause damage. Since all humans make mistakes, there is no way to prevent all of these mistakes from happening. However, in this case, one must study, monitor and analyze potential threats and prepare for ways to defend these threats and prevent them from going too far. A link must be made between the vulnerability found and the type of attack carried out. For example, studying the relationship between the specific type of attack that could occur when an end user opens a dangerous attachment. Most prominent are irresponsible human behaviors, such as using weak passwords, neglecting system updates, and using personal devices for work-related communications. The most important factor affecting network security will likely cause significant pressure on the economy. Topic sentence: Sixth, the main issues to consider in the future regarding the impact of cybercrime on the economy. Cybercrime drains the economy and costs the country billions of dollars each year. Evidence and Citations: Currently, the fight against cybercrime is becoming increasingly difficult as hackers rapidly change their techniques and try to stay one step ahead of available protection and prevention methods. There is no indication today that the frequency of cybercrime will decrease in the future, particularly due to the rapid spread of products from unknown sources, particularly those developed abroad, where there is no cyberethics. These types of products offer consumers a more economical choice instead of having to purchase a more expensive, more well-known product. One of the biggest concerns with cyber leaks is who is in charge of handling sensitive information. There is concern that more people like Edward Snowden and others will consider themselves patriots and release sensitive and classified information to the public. Such an act can cause significant damage to the economy and put people's lives at risk. In general, disclosers.