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Post cashless drive, cyber crime on the rise | Cyberops

Post cashless drive, cyber crime on the rise

By Chandan Singh 0 Comment December 28, 2016

With three days to go prior to the demonetization deadline arranged up by PM Narendra Modi ends, the goal posts have moved from cracking down on black money to a digitised cashless economy Nevertheless, this has opened up the Pandora’s box as cyber security experts alert that the digitisation of our economy without a robust cyber security facilities will bring about ago up in cyber crimes.

“When the government’s announcement of the demonetization drive, they should have thought about the cyber security two months ago and should make plans well in advance. There are various ways the user’s data can be compromised and financial frauds can be committed and it is expected to go up, ” said Pradipto Chakrabarty, Regional Director of Compensation Tia, a non-profit company association for global information technology.

In one such case, a 17-year-old girl from South-West Delhi had reported that the girl had made several deals on Paytm and experienced also got a new number.

She then began getting calls from several people who started bothering her. When she experienced asked them as to how they got her contact, they sent her a screen shot of the porn site on Whatsapp, in which her amount was displayed.

Delhi Law enforcement, yet, is facing legal challenges in tackling cyber criminal offense. A police source from the cyber cell said: “We receive complaints about cyber harassment on Facebook and Twitter, then we have to write to them in the US, they get several times to reply and then the process stretches for months. It is during this time that the victim suffers the most”.

Kislay has taken this into consideration and has opened up his internet helpline number to help those afflicted by internet crime. There is a good opportunity that the money lost in online fraud can be retrieved but one must take action within 24 hours. All of us have up to now returned Rs 10 crore, imagine how much money can be saved if the cleverness agencies adopt this.

However, there is certainly a tiny window of opportunity for India, as experts claim that the internet criminals may have previously read into the trends and also have already started flooding the vulnerable points of financial and other systems with malicious malware.

However, this is not a ticking time bomb, rather costly opportunity as Pradipto said: “The world’s cyber forces may be the US and the united kingdom. However, that is because they have been fending off episodes for decades. As you get attacked all the time, at some point you are going to develop robust defense mechanisms. The country will go by using a similar stage and we will also learn a lot from those attacks. ”


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