In today's era of online processing, most information is found online and is prone to cyberattacks. Cyberattacks can be motivated or dealt with unknowingly. Attacks handled knowingly are considered cybercrimes and have serious consequences on society. Curbing cybercrimes depends on proper analysis of their behavior and an understanding of their impacts. The term cybercrime is an act committed in violation of the ban and for which a sanction is imposed upon conviction. Cybercrime is criminal activity directly related to the use of computers, an explicitly illegal intrusion into a computer system. With the increasing use of computers and social media, cybercrime puts a lot of stress on many adolescents, causing depression, anxiety and even suicidal thoughts. The government should therefore monitor social media usage and online activities and take immediate action against cybercriminals to combat cybercrime. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Cybercrime has several effects on social media. First, the potential economic impact As today's consumer has become increasingly dependent on computer networks, up to 80% of businesses surveyed acknowledged financial losses due to IT breaches. As the economy grows, its dependence on the Internet increases and it is exposed to all the threats posed by cybercriminals. Stocks are traded via the Internet, banking transactions are carried out via the Internet, and purchases are made by credit card via the Internet. All cases of fraud in such transactions have an impact on the financial situation of the company concerned and therefore on the economy. The disruption of international financial markets could be one of the major consequences and remains a major concern. The modern economy spans multiple countries and time zones. Such interdependence of the global economic system means that a disruption in one region of the world will have ripple effects in other regions. Any disruption to these systems would therefore send shock waves outside the market, which is the source of the problem. Productivity is also threatened by worm and virus attacks, depriving the user of productive time. Machines might run slowly; servers may be inaccessible, the network may be saturated. Such cases of attacks affect the overall productivity of the user and the organization. Another effect of social media on cybercrime is the impact on market value. The economic impact of security breaches is of interest to businesses trying to decide where to place their information in their security budget, as well as insurance companies offering cyber risk activities. Micro stated that "physical damage is not limited to physical destruction or damage to computer circuitry, but includes loss of use and functionality." This new and evolving view of damages becomes even more important as many businesses rely on information systems in general and the Internet. particularly to carry out their activities. This precedent could force many insurance companies to compensate businesses for damages caused by attacks and other security breaches. As the characteristics of security breaches change, companies have created..