Cyber Crime Funding Organized Crime
What is Organized Crime?
Organized crime or criminal organizations can be defined as an international aggregate of extremely centralized enterprises run by criminals for the purpose of engaging in illegal activity and making big bucks in a short span of time. Organized crime is most commonly for the purpose of generating a monetary profit for the funding of illegal activities carried out across the globe. ‘Mafia' is the commonly used term to describe such criminal organizations around the world. The first organization to be known as a mafia was the Sicilian Mafia or Cosa Nostra which was formed in Italy.
Funding Organized Crimes
Criminals who belong to organized crime often generate funds by using illegal routes. They may use theft or extortion to raise funds. Other methods are frauds like hijacking cargo trucks, robbing goods, committing bankruptcy fraud (also known as "bust-out"), insurance fraud or stock fraud (insider trading). Cyber crime also serves as a major route of funding the functioning of illegal activities performed by the crime organizations. Some organized crime groups defraud national, state, or local governments by bid-rigging public endeavors, counterfeiting money, smuggling or manufacturing untaxed alcohol or cigarettes, and selling bootlegged products.
Measures Taken to Alter the Rising Organized Crime Rate
A step towards curtailing the cyber crime activities over the net will equally hamper the growth of organised crime. PCeU (Police Central e-crime Unit) has taken the decision of implying stricter measures by coordinating law enforcement of all online offences and prime national investigations into the most serious e-crime. PCeU will also be training the officers in local forces in handling of the high-tech crimes, and it will work with the National Policing Improvement Agency to identify how e-crime reports made to local forces are handled.
The Internet Cyber Crime Grant Program encourages and supports the funding for the execution of a wide range of activities to prevent and control internet cyber crime as it relates to children and to improve public safety. The internet Cyber Crime Grant Program by the Missouri Department of Public Safety administers contracts to the multi-jurisdictional task forces and local law enforcement agencies which work in various areas of the country.
Together we can face these threats and stand up to these threatening individuals. With just a little bit of hard work you will be able to learn how to cope with this problem.
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