Define: Cybertheft

Cybertheft
Cybertheft
Quick Summary of Cybertheft

Cybertheft refers to the illegal acquisition of sensitive information, money, or assets through unauthorised access to computer systems or networks. It encompasses a wide range of illicit activities conducted online, including hacking, phishing, identity theft, and online fraud. Cyberthieves exploit vulnerabilities in computer systems or use deceptive tactics to gain access to personal or financial data, which they then use for fraudulent purposes such as stealing money, making unauthorised purchases, or committing identity theft. Cybertheft poses significant risks to individuals, businesses, and organizations, leading to financial losses, privacy breaches, and reputational damage. Preventative measures such as robust cybersecurity protocols, encryption, and user awareness training are essential for mitigating the risk of cybertheft. Additionally, laws and regulations exist to prosecute cybercriminals and provide recourse for victims of cybertheft.

What is the dictionary definition of Cybertheft?
Dictionary Definition of Cybertheft

Theft carried out by means of computer technology.

Stealing of financial and/or personal information through the use of computers for making its fraudulent or other illegal use.

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This glossary post was last updated: 29th March, 2024.

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