Cyber security means securing the cyberspace from attack and economic espionage. Cyberspace is interconnectedness of IT infrastructure such as Internet, Telecom networks, computer systems etc. In 3rd Global Cybersecurity Index released by the ITU, India slipped to 47th rank in 2018 from 23rd in 2017.
When it comes to curbing these cybercrimes, the challenge is immense as the perpetrators are not just criminal organizations but also loyal customers. It makes it challenging to develop a single solution that is effectively applicable to all fraud types. With technological advancements, fraudsters have better tactics and tools to impersonate someone, commit a crime, and then cover their tracks. In a virtual world, it is near impossible to authenticate an account without context.
But online businesses have one way to avoid such frauds. Companies like iDenfy develop ID check tools using artificial intelligence that checks if a customer’s documents are genuine. The system can successfully verify whether the customer’s documents are forged and meet security protocols.
Types of Cyber crimes –
1. Cyber defamation:
It is defamation by anything which can be read, seen or heard with the help of computers.
2. Corporate smear:
It is a false rumour about a company, its management or its stock that is posted on the Internet. This is bad for business.
3. Digital forgery:
Digital forgery implies making use of digital technology to forge a document. It is used to make fakes IDs, cheques, currency, passports, visas, etc.
The world of online gambling, due to its anonymity, unfortunately has many other hazards like danger of illegal use of credit card or illegal access to bank account.
5. Illegal articles:
There are certain articles like drugs, guns, pirated software or music that might not be permitted to be sold under the law of a particular country.
6. E-mail spamming:
Spam is an unsolicited message requiring one’s time and effort to get rid off. The result, apart from loss of internet working hours, could be one of mental agony and distress.
7. Cyber warfare:
Cyber warfare is internet based conflict involving politically motivated attacks on information and information systems. Cyber warfare attacks can disable official websites and networks, disrupt or disable essential services, steal or alter classified data, and cripple financial systems.
In 2010, Stuxnet, which was designed to attack Iranian nuclear programme.
8. Cyber terrorism:
Cyber terrorism is the convergence of terrorism and cyber space. It is generally understood to mean unlawful attacks and threats of attacks against computers, networks, and information stored therein when done to intimidate or coerce a government or its people in furtherance of political or social objectives.