The Impact Of Cybercrime On Belgian Businesses

"Information technology offers unprecedented opportunities to individuals, businesses and the public sector but also creates new vulnerabilities to crime. Impressive cybercrimes have been reported in the media in recent years, demonstrating the grave harm that even a single cyberattack can cause. Yet no systematic assessment of the impact of cybercrime on Belgian society and economy had been conducted until the start of the research project Belgian Cost of Cybercrime (BCC) in 2013, which was funded by the Belgian Service Science Policy Office (BELSPO) and coordinated by the KU Leuven Centre for IT & IP Law (CiTiP), in collaboration with the KU Leuven Institute of Criminology (LINC).00Building on that large multidisciplinary project, the book assesses the impact of cybercrime on businesses based in Belgium, drawing from a thorough conceptualization of both cybercrime and its impact. Using data collected through two surveys sent to more than 9,000 representatives of Belgian businesses, the authors report that most of the responding businesses are confronted with at least one type of cybercrime every year and some of them suffer serious harm from these incidents. Lastly, the book calls for the identification and implementation of effective preventive measures targeting the different types of cybercrime."--Résumé de l'éditeur.

Information technology offers unprecedented opportunities to individuals, businesses and the public sector but also creates new vulnerabilities to crime. Impressive cybercrimes have been reported in the media in recent years, demonstrating the grave harm that even a single cyberattack can cause. Yet no systematic assessment of the impact of cybercrime on Belgian society and economy had been conducted until the start of the research project Belgian Cost of Cybercrime (BCC) in 2013, which was funded by the Belgian Service Science Policy Office (BELSPO) and coordinated by the KU Leuven Centre for IT & IP Law (CiTiP), in collaboration with the KU Leuven Institute of Criminology (LINC). Building on that large multidisciplinary project, the book assesses the impact of cybercrime on businesses based in Belgium, drawing from a thorough conceptualization of both cybercrime and its impact. Using data collected through two surveys sent to more than 9,000 representatives of Belgian businesses, the authors report that most of the responding businesses are confronted with at least one type of cybercrime every year and some of them suffer serious harm from these incidents. Lastly, the book calls for the identification and implementation of effective preventive measures targeting the different types of cybercrime.

Assessing the Harms of Crime provides a firm analytical foundation for making normative decisions about criminal and related policy, taking harm—and its reduction—as a conceptual starting point and supplying the means for systematic, empirical analysis in a harm assessment framework. By exploring harm's place in legal history, theory, criminology, and related fields and by considering the relevance of harm and its reduction for both criminal policy and the governance of security, the book demonstrates the centrality of harm, including its reduction, to crime, policy, and governance. It also highlights a substantial gap in methods available to the policy community to take on harm and the challenges of developing them. Working to fill that gap, the book presents the authors' "Harm Assessment Framework," consisting of tools and a process to identify, evaluate, and rank harms and to carefully distinguish between harms that result directly from activities and those that are remote or driven at least partially by policy. The book also presents applications to complex crimes, primarily involving coca and cocaine, that show the framework's value with new, actionable insight to harm and policy. On this basis, the book argues that criminology would benefit from expanding its mission to include harm and target harm reduction and from positioning harm assessment as a core task. Lastly, it posits that systematic, empirical harm-based policy analysis can contribute positively to decisions about criminal policy and the governance of security and to advancing justice.

Financial crime is a trillion-dollar industry that is likely to continue to grow exponentially unless new strategies of prevention and control can be developed. This book covers a wide range of topics related to financial crime commission, victimization, prevention, and control. The chapters included in this book closely examine cyber-victimization in their investigation of online fraud schemes that have resulted in new categories of crime victims as the result of identity theft, romance fraud schemes, phishing, ransomware, and other technology-enabled online fraud strategies. This book also offers new strategies for both financial crime prevention and financial crime control designed to reduce both offending and victimization. It will be a great resource for researchers and students of Criminology, Sociology, Law, and Information Technology. The chapters in this book were originally published in the journal Victims & Offenders.

This book is aimed at managerial decision makers, practitioners in any field, and the academic community. The chapter authors have integrated theory with evidence-based practice to go beyond merely explaining cybersecurity topics. To accomplish this, the editors drew upon the combined cognitive intelligence of 46 scholars from 11 countries to present the state of the art in cybersecurity. Managers and leaders at all levels in organizations around the globe will find the explanations and suggestions useful for understanding cybersecurity risks as well as formulating strategies to mitigate future problems. Employees will find the examples and caveats both interesting as well as practical for everyday activities at the workplace and in their personal lives. Cybersecurity practitioners in computer science, programming, or espionage will find the literature and statistics fascinating and more than likely a confirmation of their own findings and assumptions. Government policymakers will find the book valuable to inform their new agenda of protecting citizens and infrastructure in any country around the world. Academic scholars, professors, instructors, and students will find the theories, models, frameworks, and discussions relevant and supportive to teaching as well as research.

This new volume in Policy Press's series of national explorations of policy analysis brings together a number of experts in policy research and analysis to focus on Belgium. Many of the contributions include new empirical data gathered specifically for this book through surveys and interviews with key figures within and outside government circles. The editors have taken care to create teams of contributors from both sides of the Belgian language border, which, along with the breadth of topics considered, helps make this easily the most comprehensive study of Belgian policy analysis to be published.

Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.