Modern Information Technology, Global Risk, and the Challenges of Crime in the Era of Late Modernity

The rapidity and efficient use of most communication technologies remain the driver of accelerated developments across the major societies of the world today. This is quite exciting when compared to what existed in the past. However, current happenings indicate that the contribution of these technologies to sporadic development of nations is fraught with recordable socio-economic risks whose effect is unprecedented and affecting the nature of trust required for social continuity in human environment. Consequently, this paper considers the nature of risks and vulnerabilities affecting e-connectivity from a modernist theoretical perspective and contextualized this in the double edged implication affecting the use of the Internet. The first section of this paper is devoted to review on the nature of affinity between the Internet and crime while the final section engages the empirical analysis of secondary data on the consequences of cyber-crime to the global economy.