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Data breach incidences in India were the second highest globally in 2018, according to a report by digital security firm Gemalto. [ 1 ] [ 2 ] With over 690 million internet subscribers [ 3 ] and growing, India has increasingly seen a rise in data breaches both in the private and public sector.
The 2016 Indian bank data breach was reported in October 2016. It was estimated 3.2 million debit cards were compromised. It was estimated 3.2 million debit cards were compromised. Major Indian banks , among them SBI , HDFC Bank , ICICI , YES Bank and Axis Bank , were among the worst hit. [ 1 ]
Cybercrime encompasses a wide range of criminal activities that are carried out using digital devices and/or networks.These crimes involve the use of technology to commit fraud, identity theft, data breaches, computer viruses, scams, and expanded upon in other malicious acts. [1]
The law applies to the whole of India. If a crime involves a computer or network located in India, persons of other nationalities can also be indicted under the law. [2] The Act provides a legal framework for electronic governance by giving recognition to electronic records and digital signatures. It also defines cyber crimes and prescribes ...
Nina Kollars of the Naval War College explains an Internet fraud scheme that she stumbled upon while shopping on eBay.. Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance.
National Cyber Security Policy is a policy framework by Department of Electronics and Information Technology (DeitY) [1] It aims at protecting the public and private infrastructure from cyber attacks. [2] The policy also intends to safeguard "information, such as personal information (of web users), financial and banking information and ...
Illegal Access: “Hacking” is one of the major forms of offenses that refers to unlawful access to a computer system.. Data Espionage: Offenders can intercept communications between users (such as e-mails) by targeting communication infrastructure such as fixed lines or wireless, and any Internet service (e.g., e-mail servers, chat or VoIP communications).
Fraud detection is a knowledge-intensive activity. The main AI techniques used for fraud detection include: . Data mining to classify, cluster, and segment the data and automatically find associations and rules in the data that may signify interesting patterns, including those related to fraud.