It cannot be denied that cybercrime is becoming more frequent. It’s my opinion that this is a very serious problem that will only get worse in the future. This essay will look at some of the common problems and will then suggest two solutions.

It is becoming easier for criminals to access personal information for their own uses. Take for example the way that personal banking information is now all stored on the cloud. It is very easy for criminals to access this information and steal money from ordinary citizens’ bank accounts. The financial industry should have foreseen this problem, and banks ought to have taken action to prevent this kind of crime. If banks were more careful about security, they wouldn’t have this problem.

The solution is to make banks and individuals responsible. Banks must be forced to improve their security systems so that hackers cannot access them. They should be made to refund any money stolen from their customers’ accounts, and they ought to be forced to pay a fine when a theft occurs. If we force banks to be more careful about security, this kind of crime might not be so common. Another solution is to make customers more aware of the importance of changing their passwords frequently. If people change their passwords regularly, it will make it more difficult for criminals to access their information.

In conclusion, cybercrime causes great harm to private citizens and public institutions. Overall, it’s clear that both banks and customers have a role to play in preventing it.