Demonstrate a critical understanding of current issues in either Essay

Demonstrate a critical understanding of current issues in either investigation or prosecution of a aspect of cybercrime or e-investigation - Essay ExampleIncrease in monetary crime activities has become widespread, but there is still difficulty in maintaining transparent policies and actions of fiscal information. The problems face by pecuniary institutions continue to rise with issues relating to politics, legal, technology and economics arising with time.Financial institutions increasingly face challenges in managing cyber-attacks. Malicious attackers are increasingly becoming more sophisticated and widespread in devising methods of pecuniary fraud. Banking institutions in Europe mainly face denial-of-service on a large-scale basis hindering their workaday investigations. Institutions that handle regional bank and credit Saccos often face challenges in financial security system breach. Enemies of the state breach their financial systems to seek for intellectual property and i ntelligence. Hackers use the security breaches to make policy-making statements to their enemies. Cyber gangs working in crime groups opt for the vice to gain money by stealing finds in accounts or hacking into ATMs. A reduction in technology costs leads to the decrease of barriers implemented to curb cybercrime, providing criminals with cheaper and easier slipway to penetrate into financial networks. The growing black market encourages a new generation of wrong doers privation to breach data services for financial institutions. 1In June 2014, the Bank of England increased its efforts in the protection of the UKs financial institutions from cybercrime. The testing framework aims at combining government intelligence with security industries assessing the risks. Implementing the new cyber security scheme named CBEST seeks to ease pressure on financial services in England. With this in mind, the study seeks to analyze the financial security of the Bank of England.Financial crime in indicates that both internal and external rely on IT systems to manage information (BBC,