Computer Crime, Privacy Custom Paper

• Greet a specific student or a group of fellow students by name.
• Briefly remind us of what he, she, or they said with a very short summary of the idea they presented.
• Include detail from our text and common reading as evidence for what you have to say (Remember that others will need to draw on our readings, too, so only use just enough information from our readings to make your point clearly).
• Add new information to the conversation (we don’t want to be reading the same thing over and over).
• Use class vocabulary [either common or technical vocabulary or both].
• Clearly identify the source of information and evidence that you do use.
• Be free of major grammatical errors and very coherent (easily and quickly understood and without contradictions).
Discussion Title: Privacy
One definition of “privacy” is as follows: Privacy reflects the ability of an entity to control its own space. Provide your own one-sentence definition of privacy.
#1. Vega
One definition of “privacy” is as follows: Privacy reflects the ability of an entity to control its own space. Provide your own one-sentence definition of privacy.
Privacy is the empowerment to control your exposure to the world.
#2. Ovington
"Privacy is the concept of at least perceiving that your thoughts, communications, and perhaps even actions have not and will not be intercepted by others"
Discussion Title: Computer Crime
Locate an electronic resource related to a recent computer crime, describe the crime, its impact, and ways in which the crime could have been prevented.
An article posted on ICE (US Immigration and Customs Enforcement)on 02/15/13 discusses a recent scam alert which cyber criminals masquerade as the ICE Cyber Crimes Center to extort money from web users.

The scam, which is the latest attack against ICE, lures victims to a drive by down load website, which then installs ransomware on the user’s computer. Once installed it freezes the computer and the user is warned that the computer is blocked due to federal criminal violations. The user is then told to pay the ICE Cyber Crimes Center $400 within 48 hours to have the computer unblocked.

The impact is to the user’s computer initially and their pocketbook after the discovery. Whether they pay the "ransom" or have the computer fixed it costs them time and issues.

To prevent this is to never click on a website unless you are positive of what you are doing. The criminals have become very good at what they do and for the most part copy a lot of websites so they look authentic.

#4. Phil
Liberty Reserve has been shut down by the Federal Reserve this week for the use of Bitcoin to serve the criminal elements and lander over $6 billion. We discussed the questionable potential of the digital currency recently. It seems that the potential to do, means that someone will, and with electronic access to world markets they will do it big.

There are two parallel elements between Liberty Reserve using Bitcoin and the use of Bitcoin itself. The first is that users were/are able to take part anonymously. This factor for Liberty Reserve was created by Bitcoins practice of allowing accounts to be created with false identities. The second is that there is a key creator behind each system. Arthur Budovsky for Liberty Reserve and Satoshi Nakamoto for Bitcoin.

Of course there is the distinction that Nakamoto is a false identity and there is no leading individual or business group driving Bitcoin for their own personal gains. For all intensive purposes it appears to be an experiment in currency and economy. But it is the component that made Liberty Reserve possible.

Preventing the Liberty Reserve crimes is as simple as requiring proof of identity and not allowing Bitcoin as a currency. But Bitcoin still provides an access to unanimous financial activities, and it is not so easily eliminated.

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