IT
frauds and cyber crimes in Indian companies are increasing
at a rapid rate. To tackle the same, Indian government has declared
that Serious
Fraud Investigation Office (SFIO) 0f India would get more powers.
Even regulation
of fraudulent multi level marketing companies in India has
been proposed.
Reserve Bank of India (RBI) has recently released
the Report of its Working Group on Securing
Card Present Transaction that covers ATM Security and
Credit Card Security issues as well. RBI has also recommended Cyber
Security Due Diligence for Banks of India. One chief
reason for this growth is that Banks in India are not serious about
Cyber Security and they are not
following the Recommendations of RBI. ATM frauds can be
tackled by using Techno
Legal Methods alone and neither Legal nor Technical
Measures is sufficient in itself.
See Cyber Crimes Investigation Centre Of India for more.
