Cyber Reporting of Fraud
CYBER FRAUD
WHAT
IS CYBER FRAUD?
Cyber
refers to information technology whereas fraud means the crime of using
dishonest methods to take something valuable from another person. Therefore, fraud
using computers or technology is known as cyber fraud. Fraud will always take
place wherever there is an opportunity. The cyber-world is growing day by day
and cyber fraud is the most well-known and intimidating type of fraud that
happens universally.
In current
times we store more personal and financial information on the internet due to
which increases cyber frauds. Cyber fraud is one of the
fastest-growing criminal activities on the planet. It covers a huge range of
illegal activities such as financial scams, computer hacking, virus attacks,
stalking by e-mail, etc.
STATISTICS
ON CYBER FRAUD IN INDIA:-
·
Over 40,000 incidents reported each year in
India.
·
About 30,000 Indian websites are hacked each
year.
·
Over 50,000 spam email reported to CERT every
year.
·
69% increase in cybercrime.
·
60.4% of cybercrime registered were of the motive of fraud (2,6891out of 44,546).
TYPES OF CYBER FRAUDS:
Common frauds nowadays include:–
1. Email
Spoofing - A spoofed email seems to begin from one source however
reality has been sent from another source. For example, Rashmi has an email
address rashmi@indiaforensic.com. Her adversary, Raj parodies her email and
sends revolting messages to every one of her associates. Since the messages
seem to have begun from Rashmi, her companions could complain and connections
could be ruined forever.
2. Online
gambling - There are a huge number of sites; all facilitated by workers abroad,
that offer web-based betting. Indeed, it is accepted that a large number of
these sites are really fronts for illegal tax avoidance.
3. Intellectual
Property Crimes - These incorporate programming robbery, copyright
encroachment, brand names infringement, burglary of PC source code, and so forth.
At the end of the day, this is likewise alluded to as cybersquatting. Satyam
Vs. Spiffy is the most generally known case. Bharti Cellular Ltd. recorded a
case in the Delhi High Court that some digital vagrants had enlisted area
names, for example, barticellular.com and bhartimobile.com with Network
arrangements under various invented names.
4. Credit
card fraud - When someone utilizes your card for transactions without asking
for your permission. They can do this by stealing your card or by stealing your
number and PIN.
5. Other
cyber frauds include Email bombing, forgery, etc.
CYBER LAWS IN INDIA –
In India, digital laws are contained in the Information
Technology Act, 2000 which came into power on October 17, 2000. The primary
motivation behind the Act is to give legitimate acknowledgment to electronic
trade and to encourage documenting of electronic records with the Government.
Considering the development in exchanges and
correspondences helped out through electronic records, the Act looks to engage
government offices to acknowledge documenting, making, and maintenance of true
reports in the computerized design. The Act has likewise proposed a lawful
system for the verification and source of electronic records/interchanges
through the advanced mark.
1. From
the point of view of internet business in India, the IT Act 2000 and its
arrangements contain numerous positive viewpoints. Initially, the ramifications
of these arrangements for the re-organizations would be that email would now be
a substantial and authoritative document of correspondence in our country that
can be properly created and affirmed in a courtroom.
2. Organizations
will currently have the option to complete electronic trade utilizing the lawful foundation is given by the Act.
3. Computerized
marks have been given lawful legitimacy and authorization in the Act.
4. The act opens up the entryways for the section of corporate organizations occupied
with being Certifying Authorities for giving Digital Signatures Certificates.
5. The
Act currently permits the Government to give warning on the web along these
lines proclaiming e-administration.
6. The act empowers the organizations to record any frame, application, or some other
report with any office, authority, body, or office claimed or constrained by the
proper Government in electronic structure by methods for such electronic a structure as might be recommended by the fitting Government.
7. The
IT Act likewise addresses the significant issues of security, which are so
basic to the achievement of electronic exchanges. The Act has given a lawful
definition to the idea of secure computerized marks that would be needed to
have been going through an arrangement of a security system, as specified by the
Government sometime in the not too distant future.
8. Under
the IT Act, 2000, it will currently be feasible for corporates to have a legal
cure if anybody breaks into their PC frameworks or organization
and causes harm or duplicates information. The cure given by the Act is as
financial harms, not surpassing Rs. 1 crore.
IMPORTANT FACTS ABOUT CYBER FRAUD :
·
Wrongdoings perpetrated by utilizing an
organization or PC is known as Cyber Fraud.
·
Cyber Fraudsters either utilize the PC as an instrument to perpetuate the wrongdoing or point the PC to carry out the
wrongdoing.
·
Digital violations can cut down an
individual, an establishment, or even an entire country with the break of
security.
