Demonstrate a critical understanding of current issues in either Essay

Demonstrate a critical understanding of current issues in either investigating or prosecution of a aspect of cybercrime or e-investigation - Essay ExampleIncrease in financial crime activities has become widespread, but there is quench difficulty in maintaining transparent policies and actions of financial information. The problems faced by financial 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 financial fraud. cussing institutions in Europe mainly face denial-of-ser infirmity on a large-scale basis hindering their daily investigations. Institutions that handle regional bank and credit Saccos often face challenges in financial guarantor breach. Enemies of the state breach their financial systems to seek for intellectual property and intelligence. Hackers use the security breaches to make political 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 shipway to penetrate into financial networks. The growing black market encourages a new generation of wrong doers wishing 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 dodging 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 indic ates that both internal and external rely on IT systems to manage information (BBC,