Cybercrime and Strategic Decision Making

As the study stresses the development of information technology has been driving the world towards becoming more digitalization. The digitalization of the world has lead towards the emergence of new and potential threat of cybercrime. Different types of cybercrime have been constantly increasing with which the business communities are frequently required to deal. The increasing cyber-crime and hacking are firmly driven by several factors. That may include nation-states and political goals. Simultaneously, the frequency of cyber-attacks such as hacking has soared to manifold in the recent years and has been practiced routinely. The major global corporations in the recent time have been experiencing an increased level of hacking events.
From the report it is clear that cybercrime is often regarded as a set of practices associated with computer crime, which involves breaching security policies and accessing confidential information through an unauthorized access. It is a particular instrument to conduct illegal activities such as fraud, unauthorized access, intentional system malfunctioning or damage of other’s electronic assets. The economic consequences of cybercrime and hacking are conceived to substantial particularly for the businesses engaged in e-commerce. The immediate impact cybercrime and hacking on the organization is associated with the damage to IT system. The organization falling victim of these cyber-attacks is likely to experience disruption of business functioning as well as delays in transaction and cash flow