International Collaboration is Essential to Stop Cybercrime

International agencies have been established to combat cybercrime and to prevent its recurrence. The United Nations Office on Drugs and Crime (UNODC) recently released a cybercrime repository, a central database of legislation, past findings, case law, and electronic evidence. This database is designed to help countries investigate and prosecute cybercriminals.
Cybercrime is growing at an alarming rate, with large-scale attacks and phishing campaigns affecting both real and virtual bodies. Ransomware is one of the most popular forms of cybercrime and has become a global epidemic. As people become more aware of these crimes, the prevalence of ransomware is increasing.
The impact of cyberattacks on business and society are significant. They can be financially devastating, upsetting, and disruptive. The new General Data Protection Regulation (GDPR) is likely to lead to a clearer picture of the scope of the threat. Cyber crime is a global issue, and the technical infrastructure that enables it is typically based overseas. As such, international collaboration is essential to stop it.
Several government agencies have been established to combat cybercrime. The FBI’s Cyber Division, a division of the Department of Justice, is a prime example. In addition, the U.S. Department of Homeland Security views strengthening cyberspace security as an important homeland security mission. The Secret Service and Immigration and Customs Enforcement also have dedicated cybercrime divisions.