Week 10: Cybercrime dilemma

 Is cybercrime the greatest threat to every company in the world? | CSO Online

Cybercrime—ranging from ransomware to online fraud—is inflicting hundreds of billions of dollars in losses across the U.S., threatening individuals, schools, businesses, utilities, and governments . Ransomware attacks on K–12 schools have disrupted instruction and cost districts up to $1 million, while the U.S. Marshals Service itself fell victim, its systems compromised and sensitive data accessed . Although federal agencies such as the FBI, Secret Service, and DEA deploy various tools—from public complaint portals to investigative databases—the lack of a uniform definition of “cybercrime”, the absence of a centralized federal data repository, and reluctance by victims (especially businesses) to report incidents—makes it impossible to grasp the full extent of the problem . To address these gaps, Congress enacted the Better Cybercrime Metrics Act in 2022, mandating the DOJ to create standardized categories of cybercrime and integrate them into the FBI’s National Incident‑Based Reporting System. The DOJ is now working to adopt shared taxonomy, which should streamline agency coordination, improve data quality, and enable law enforcement to better allocate resources. Though still in progress, this effort carries promise for a more comprehensive nationwide response to cybercrime—if agencies fully implement and adhere to the new definitions moving forward .

 

Resource: https://www.gao.gov/blog/u.s.-less-prepared-fight-cybercrime-it-could-be  

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