: Every 11 secs a company becomes a victim of ransomware attack: Pavan Duggal #IndiaNEWS #National,Crime/Disaster/Accident By Supriya RameshIn this digital era, where even a five-year-old knows how

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Every 11 secs a company becomes a victim of ransomware attack: Pavan Duggal #IndiaNEWS #National ,Crime/Disaster/Accident
By Supriya RameshIn this digital era, where even a five-year-old knows how to scroll, swipe and tap, we all have accepted and adapted to modern technology.
Well, when people claim that they are tech-savvy and can deftly handle it, they often turn a blind eye to people masquerading as service providers behind the screen.
Cyber crime incidents have reached a new high in the country. In different forms which a layman cannot even think of and just when a person thinks he is being benefited, the swindler plays the trick.
According to the information presented recently in the Lok Sabha by Union Minister of State for Home Nityanand Rai, over 16 lakh cyber crime incidents have been reported in the country in the last three years, and more than 32,000 FIRs have been registered between January 1, 2020 and December 7, 2022 on this count.
What one must not miss out on is the fact that these are just registered cases, while there are many under-reported ones.
In the age of the internet, we have different kinds and uglier frauds happening online under the pretext of offering jobs, payment of electricity bills, cryptocurrency investment, insurance fraud, sextortion and more.
Swindlers reach out to people via SMS, call, email, or other ways to get personal information. They often use malicious links directing an individual to an app or website to hack into the computer, mobile device, or network to get sensitive information, such as bank account number, credit card details, and social security numbers.
IANS spoke to Pavan Duggal, Chairman of International Commission on Cyber Security Law, to delve deeper into this issue.
Here are the excerpts:
IANS: While technology is playing its role to curb cyber crime, fraudsters have over time transcended the tech space. What is your take on it?
PD: Today, we are in a very transient phase. The pandemic has resulted into the beginning of the golden age of cyber crime, which is going to continue for the next many decades with it being our direct competitor. Now, cyber crime is our default companion, and the new normal are cyber security breaches. Indians, unfortunately, are not quite ready to deal with this new wave of cyber crime.
With the emerging technologies like Artificial Intelligence, cyber criminals have got their huge potential for committing new kinds of crimes, with ChatGPT emerging as a very distinctive and potent ammunition for them, and we have far more challenges with it.
IANS: What are the types of cyber crimes trending for the last three years?
PD: Three topmost cyber crimes have come to the forefront identity theft, phishing and online financial frauds. Ransomware also comes under the broad category of online financial crimes.

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