CJ 305 5-1 Module five Assignment
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Dec 6, 2023
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5-1 Module Five Assignment : Impact of Cybercrime
Author: Keisha Williams-Ferguson
Affiliation: Southern New Hampshire University
Course: CJ-305- T3065 Technology in Criminal Justice 23EW1
Instructor: Patrick Cheetham
Date: February 5, 2023.
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The Target data breach occurred in 2013, where cybercriminals stole the personal and
financial information of 41 million consumers, including names, addresses, phone numbers,
email addresses, and credit and debit card information. The company's failure to secure its point-
of-sale (POS) systems caused this data breach allowing the attackers to infiltrate the network and
steal sensitive information (McCoy, 2017).
The impact of this cybercrime on individuals was significant. The victims had their
personal information exposed and were at risk of identity theft, fraud, and phishing attacks. In
addition, many people had to spend time and money checking their credit, replacing credit and
debit cards, and dealing with the aftermath of any financial losses. The business impact was also
severe. Target faced legal action, significant public relations issues, and a loss of consumer trust.
The company had to pay a large settlement of $18.5 million and invest in upgrading its security
systems to prevent future data breaches (McCoy, 2017).
As a consumer, this cybercrime example would change my behavior. For example, I
would be more cautious about giving out my personal information online and be more selective
about the companies I trust with my information. I would also closely watch my financial
statements and check my credit report regularly for suspicious activities.
Cybercrime never affect me as a consumer, but I know of people who have fallen victim
to identity theft and had their financial information stolen. The type of crime was mainly identity
theft, where the criminals used their stolen information to open bank accounts, apply for loans,
and make unauthorized purchases. These crimes can have a long-lasting impact on a person's
financial and personal life, causing stress and frustration. Sometimes, resolving the issues and
restoring their credit can take years, highlighting the importance of being proactive in protecting
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personal information and being aware of the dangers of cybercrime. In addition, consumers
should take measures such as regularly checking their financial statements.
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Reference
McCoy, K. (2017, May 23).
Target to pay $18.5M for 2013 data breach that affected 41 million
consumers
. USA Today.
https://www.usatoday.com/story/money/2017/05/23/target-pay-185m-2013-data-breach-
affected-consumers/102063932/