MEMO
TO: Manager
FROM:
DATE:
SUBJECT:
This memo is meant for introducing the feasibility report that aims at providing a solution to the cases and nation problems about the cybercrime and the potential proposed solution to curb up the challenge. These feasibilities we are identified by studying various critical factors such as the social effects, legal issues, technical problems, and the economic impact. Therefore, this memo is very vital for an individual to read and understand various aspects.
Feasibility Report
It takes much time in planning and preparing to implement a solution to the major problem in society. During the planning and preparation process, the proposed solution should be tested and determined if it is feasible to provide the solution or not. Cybercrime in united states has been a significant problem and need to be addressed and solution provided to reduce the cybercrime.
One of the proposed solutions to this major problem is providing cybersecurity among very individual. This will enable most of the people to understand and know the importance of cybersecurity and thus leading to the reduction of the negative loses that is caused by the cybercrime in society every year. Another thing that will ensure that the individuals in the nation are protected from the impact of the cybercrime is educating them on ways they can protect themselves over the cybercrime attempts.
This report will majorly focus on looking at the proposed solution provided and determine if the answers are feasible or need some changes. The essential aspects that the story will focus on include the social impact, the economic effect, and other elements which will be determined if it can provide a solution to the problem.
The Social Impact
When looking for a potential solution to be implemented to solve a specific major problem in society, a positive impact is always the main objective. When the proposed solution is applied, such as implementing cybersecurity in the daily lives of the individuals in the society it will bring a lot of positive impacts on them. For instance, when the cybersecurity is made the main focus in the in every place, i.e. schools and workplace, majority of the individuals will be aware of these threats and ways of preventing them from affecting their daily lives. This will also reduce the loss that most of the individuals incur due to the cybercrime and lack of security in their day-to-day business operations (Help Net Security, 2015).
When the cybersecurity is introduced in society It will bring much social impact to the life of the individuals since it will educate people about the dynamic changes that occur in uses of the technology. When this provides a solution to the cybercrime problem in the society, it will be adopted by every nation, and thus the cybercrime problem is reduced and making every country secure and safe from the cybercrime problems.
Economic Effect.
One of the most critical aspects of coming up with the proposed solution is the economic feasibility impact. The projected resolution calls for basically a change in lifestyle in the United States. The cybersecurity needs to be the main part of the individuals that will make them safe and preventing the occurrence of cybercrime. The cybersecurity has to be implemented in the workplace and various institutions to achieve the required objectives of solving the issue of cybercrime in society.
The process of implementation has a great financial cost, but the results brought by the proposed solution will bring much economical cost since it will reduce the amount that could have been used to solve the loss and cases caused by the cybercrime in the society. When the financial loss incurred due to the cybercrime is compared to the cost of implementing the solution, there is a significant difference since the proposed solution implementation saves much money.
Technical and Legal Issues
For every proposed solution, becoming successful in solving the intended problem, there are several legal and professional issues to be followed during the process of implementation. To implement cybersecurity in the workplaces and the institutions, some legal issues have to be developed for it to be successful.
Also, during the process of implementation of the cybersecurity, the technical aspects have to be looked at. The technical issues involve various aspects such as unforeseen failure of the system in providing the solution for the problem. The technical issues will also identify the bugs that will prevent the proposed solution from providing the solution to the major problem. The proposed solutions seem to be free from the technical and legal issues, and thus it may provide the required solution to the major problem of cybercrime in the United States.
Conclusion
Generally, the proposed solution to the major problem of Cybercrime in the United States is more feasible. The problem in achieving the solution is the lack of financial support during the process of implementation of the proposed solution. If the proposed solution gets financial support, it requires, and it will be easy to implement it and bring the required resolution.
However, considering all other criteria measured to determine the feasibility of the proposed solution, I found that implementing the solution either caused little to no impact or had a positive effect, such as the case with Social implications. From the above observation, if there will be no financial distress during the implementation process, the proposed solution will be successful in solving the major problem of cybersecurity.
References
Statistica Research Department. (Published August 9, 2019). Spending on Cybersecurity in the United States from 2010 to 2018. Statistica.
Retrieved from https://www.statista.com/statistics/615450/cybersecurity-spending-in-the-us/
Clement, J. (Published July 9, 2019). Amount of monetary damage caused by reported cybercrime to the IC3 from 2001 to 2018. Statistica.
Retrieved from https://www.statista.com/statistics/267132/total-damage-caused-by-by-cyber-crime-in-the-us/
Bada, M. & Nurse, J. (Accessed February 2020). The Social and Psychological Impact of
Cyber-Attacks. Emerging Cyber Threats and Cognitive Vulnerabilities.
Retrieved from https://arxiv.org/ftp/arxiv/papers/1909/1909.13256.pdf
Help Net Security. (Published February 26, 2015). The business and social impacts of cybersecurity issues.
Retrieved from https://www.helpnetsecurity.com/2015/02/26/the-business-and-social-impacts-of-cyber-security-issues/
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