Cybercrime as an essential impediment to international trade

Baltezarević, Radoslav (2024) Cybercrime as an essential impediment to international trade. In: 3. International Selçuk Scientific Research Congress, Konya, Turkey, 17-18 February, 2024. ISARC International Science And Art Research Center, pp. 453-459. ISBN 978-625-367-649-0

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Abstract

Cybercriminal behavior is a reflection of the many risks that came along with the introduction of new technology, which among other things greatly improved human lives and encouraged international trade and collaboration. Cybercrime encompasses a broad spectrum of illegal activities when computers and information technologies are utilized as the principal instrument or as the major object of interest. Due to the constant adaptations that cybercriminals make to existing security protocols and online behavior, the threat of cybercrime is only expected to increase. For users of digital platforms, they have the potential to inflict serious financial and emotional harm. Since the parties involved are typically located in different countries, investigating cyber fraud incidents is typically difficult without collaborating across borders. Many e-commerce businesses have been forced by this circumstance to focus on improving cyber security in order to protect both their business operations and the safety of their customers. Inadequate security measures can be costly and destroy customers' and businesses' trust when conducting online transactions. In this sense, inaction can harm an organization's reputation in the long run. Cybercrime's influence on domestic and global economies is calculated in a variety of methods, but all lead to the same conclusion: online crimes constitute a severe threat to international trade.

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