UK Accounting Glossary
Crime committed using a computer and the internet to steal a person’s identity or sell contraband or stalk victims or disrupt operations with malevolent programs.
Criminal activities carried out by means of computers or the Internet.
Cybercrime involves activities like raiding bank accounts and stealing information from companies.
Intel employee Biswamohan Pani took one and a half weeks’ paid leave after announcing his resignation. But instead of relaxing, he joined a competitor and, without either company’s knowledge, downloaded some of Intel’s most confidential documents while he could still log into its computer systems.
In 2012 a US federal court jailed him for stealing more than $200m worth of trade secrets, which were recovered from his apartment after former colleagues got wind of his double-dealings.
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This glossary post was last updated: 13th February 2020.