Hackers are no longer just mischievous individuals looking to get into trouble. They are now well funded organizations who hack for money as well. These hackers are now turning into “cyber terrorists” and bringing down major cites based from all over the world. The problem, according to Yury Fedotov, the head of the United Nations office on drugs and crime, is that “Many countries don’t have ways to criminalize cybercrime, or the means and tools to investigate it.” And since there are no laws criminalizing cybercrime, they feel free to run cause trouble. Sure, they can be arrested and put on trial for individual acts, but they are not actually breaking any laws. This is because there are no set boundaries on the Internet. It is shared by the world and there are not any geographic boundaries set, so no one country believes that it is their job to take care of the problem. It has gotten so out of hand recently that in January a hacker brought down Israel’s national carrier El Al and the Tel Aviv Stock Exchange, and claimed to be from Saudi Arabia or Gaza just to stir up more trouble between the nations. However, this is not limited to just Israel. According to Edward Knight, Nasdaq’s general counselor, the US stock exchange is experiencing millions of attacks. And because there is no set of international laws to follow regarding the matter, these attacks will continue. This is a problem that obviously needs to be resolved not by individual nations, but by the world as a whole. Cyber Terrorism is no joke. A very large portion of most people’s lives is on the net; whether it be their life savings in stocks, their credit card or banking information, or just their personal information to be stolen by an identity thief. This is a problem that needs to be taken care of immediately before any major permanent damage is done to people’s lives.