The center for strategic and international studies (2014) estimates that the potential cost of the global economy from cybercrime may reach more than 400 billion annually, including losses and costs for restoration and protection. Consequently, the strategies to reduce the crime are difficult to implement, although not impossible. A reduction of cybercrime could be achieved by increasing levels of network security and enforcing strict laws. This essay will first discuss network security measures, and how it would be essential approach to eliminate such obstacles in cyberspace. Secondly, it will describe the federal approaches used for prosecuting cybercrime, and analyse enforcement strategies. Finally, it will debate the effectiveness of network security measures and enforcement laws and their role in decreasing
The center for strategic and international studies (2014) estimates that the potential cost of the global economy from cybercrime may reach more than 400 billion annually, including losses and costs for restoration and protection. Consequently, the strategies to reduce the crime are difficult to implement, although not impossible. A reduction of cybercrime could be achieved by increasing levels of network security and enforcing strict laws. This essay will first discuss network security measures, and how it would be essential approach to eliminate such obstacles in cyberspace. Secondly, it will describe the federal approaches used for prosecuting cybercrime, and analyse enforcement strategies. Finally, it will debate the effectiveness of network security measures and enforcement laws and their role in decreasing