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.