Is the Tech-Touched World an Encouragement to Cybercrimes?

India Dec 01, 2020

The growing technology and automation have indeed made human life comfortable and enjoyable. Communication, Resourcing, Automation, Transportation, Advertisement,  and everything that has been invented and innovated over time have significantly embedded their presence in day-to-day life. Isn’t it what we call “the world at the fingertips”? Considering the numerous aids the technology has bought us today, the other side of the coin is undenied.

Internet and devices can sure make one go cashless or rather say broke. Committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy; crimes are the parasites that can even feed on the cyber host. With the increasing scale and complexity, affecting essential services, businesses, and private individual lives, cybercrimes have cost untold damages and poses serious threats to a nation’s security.

These hideous crimes are categorized as Crimes that target networks or devices and Crimes using devices to participate in criminal activities. The preceding category includes Viruses, Malware, and DoS Attacks while the latter one includes Phishing Emails, Cyberstalking, and Identity Theft. Cybercrime falls into individuals, property, and government. The types of methods used and difficulty levels vary depending on the category.

Dating back to the 1970s when "phreakers" found a way around paying for long-distance calls through a series of codes. That was when the mass realized computer systems were vulnerable to criminal activity. When there’s a first, there is always the rest coming up. From the various articles and news inputs, it was that throughout the world, over 62% of businesses experienced phishing and social engineering attacks in 2018. 4.1 billion records were breached, which came to notice in the first half of 2019, amongst which 71% of breaches were financially motivated and 25% were motivated by espionage.

52% of breaches featured hacking, 28% involved malware and 32–33% included phishing or social engineering, respectively. Between January 1, 2005, and April 18, 2018, there have been 8,854 recorded breaches. Security breaches have increased by 11% since 2018 and 67% since 2014. The average cost of a data breach is $3.92 million as of 2019. In 2016, 3 billion Yahoo accounts were hacked in one of the biggest breaches of all time. In 2016, Uber reported that hackers stole the information of over 57 million riders and drivers. In the 2019 DBIR, 94% of malware was delivered by email. 90% of remote code execution attacks are associated with crypto mining. In 2018, an average of 10,573 malicious mobile apps was blocked per day.

India in particular consideration had lost over 18 billion U.S. dollars due to cybercrimes, in 2017. In 2018, there were over 27 thousand cases of cyber crimes recorded in the country, marking an increase of over 121 percent compared to the number of cases just two years back. In 2018 alone, India recorded over two thousand cases of cyber crimes related to sexual harassment and over 700 cases of cyberbullying against women and minors.

So, what do you think about how these crimes can be controlled?

This article has been written by Pooja Varade for The Paradigm

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