Impacts of Cybercrime on Shareholder Value and Marketing Essay

Impacts of Cybercrime on Shareholder Value and Marketing - Essay Example This discussion declares that Yahoo.com, Ebay.com, and Amazon.com were attacked by cyber-terrorists in February, in the year 2000. It is believed that the attack was conducted by a hacker and Elias Levy the chief technology officer at that time, of CSIS, mentioned that it was difficult to find who did the attack since there were many machines that were used to do the attack, and the attack could have been directed from any part of the globe. In addition, according to him, the same group could have held all the attacks in these three online sites since it happened almost the same day. It was later discovered that a boy by the name of Michael Calce was the one who executed the crime. Michael Calce was a fifteen year old Canadian citizen whose nickname was Mafia boy. This paper highlights that Amazon announced to its users that their passwords had to be changed, what they termed as a preventive measure towards protecting the users passwords. This was after they detected various passwords and email addresses that did not relate to Amazon, posted online. So, they had to change their user’s passwords because they believed that the same passwords were used in other websites. Users were advised not to use their previous passwords for the sake of safety. The software helped him to hack into the websites of Amazon, eBay, Dell, CNN, and yahoo and made some harmful alterations to the program coding.