I believe that two of the most transnational crimes are money laundering and computer crime.

Money launderers scrub as much as $2 trillion or 5 percent of the world's GDP every year. The

global effect is staggering in social, economic and security terms. Because of the success rate

right now many criminals think that the activity actually does pay off. This success encourages

criminals to continue their illicit schemes because they get to spend the profit with no

repercussions. This means more fraud, more corporate embezzling which means more workers

losing their pensions when the corporation collapses, more drugs on the streets, more drug-

related crime, law-enforcement resources stretched beyond their means and a general loss of

morale on the part of legitimate business people who don't break the law and don't make nearly

the profits that the criminals do.

Stolen IP and confidential business information, online fraud, financial manipulation of publicly

traded companies, and the cost of securing networks after hacking are some of the most

devastating effects on companies in the USA right now. Three of the main effects it's costing the

county are the cost of protection, companies that want to protect themselves from online thieves

have to pull out their wallets to do it. Loss of sales, a new subculture has emerged in the past few

years: the cyber activist. Their purpose is to shut down a company's online operations to send a

message about the company's business practices. Frequent change in business methods,

companies have to rethink how they collect and store information to ensure that sensitive

information isn't vulnerable. Some companies have shut down their online stores out of concern

that they cannot adequately protect against cybertheft. That has personally affected me as now I

can’t shop online at my favorite store, which is also like two hours away from me.

I think regulators and authorities can work together to deal with cybercrime by implementing a

uniform system of security measures and defenses in technology. In addition, working as a team
to place pressure on international state sanctuaries that protect cybercriminals is imperative

because most companies see it as an individual company’s problem when they get cyber attacked

and don't do anything to help out, they only think of their company alone. Some policies that

should be put in place to deter money laundering should be to Identify and do background checks

on depositors, Report all suspicious activity immediately. (For example, if a background check

revealed that a depositor works in a steel factory, and he typically deposits $2,000 every two

weeks, a series of 10 $9,000 deposits over the course of two weeks should raise a red flag) and

also building an internal task force to identify laundering clues.