“Cyber crime will restrict business growth and in the worst cases put firms out of business. This will inevitably impact of the financial growth of the whole country,” said Mr Adams-Mercer who is the founder TheSnugg.com – an international retailer of high-quality iPad and SmartPhone covers.
“We are constantly being told that the police service is facing cuts and some of these cuts are in cyber protection units. We need to be told what services they can provide in the future because the threats from cyber criminals will increase.
New Delhi: Parents need to be educated to monitor child activities in cyber space and educate children about 'good cyber behaviour,' an expert group has told the government as a major recommendation to "drastically reduce" online sexual abuse of women and children and blocking of child and woman pornography. The expert group was set up by the home ministry last December to suggest a road map for tackling cyber crime. A copy of the report submitted to the Minister on Tuesday has now been accessed by ET.
NEW DELHI: Delhi Police has got a shot in the arm to fight cyber crime. A state-of-the-art cyber lab has been set up for the crime branch through which cops will not only be able to solve cases quicker but also have trained personnel at their disposal to investigate the cases. Inaugurating the lab, police commissioner BS Bassi said that the step was taken after a quantum jump was witnessed in such cases over the past few years.
NEW DELHI: Keeping child pornography and online trolling in check will be high on the agenda of a cyber-control hub being set up by the Home Ministry. The Rs 400-crore state-of-the-art centre, Indian Cyber Crime Coordination Centre (IC4), is being set up to tackle all cyber crime including child pornography and online abuse. "The work on IC4 has been going on. Once it is ready, it will deal with cyber crimes like child pornography and online trolling with priority," a Home Ministry official said.
NEW DELHI: An estimated 113 million Indians lost about Rs 16,558 on an average to cyber crime in addition to the "emotional" stress caused by personal financial data breach, a report by software security firm Norton says. The global average stood at Rs 23,878 ($358), according to the report by Norton by Symantec. "Cyber crime takes a true emotional toll...
Jeanette Rodrigues, Boris Groendahl and Sandrine Rastello The Reserve Bank of India is bracing for a fight on proposed changes to the global regulatory framework that would hit the country's lenders with higher capital charges for the mountain of government debt on their books. Tighter rules would bite India's banks, already struggling with surging bad loans and higher provisions. With nearly 30 per cent of their assets in state debt, India's lenders would take a hit if the Basel Committee on Banking Supervision raised capital requirements on sovereign bonds.
Cyber fraud can irreparably damage an SME’s reputation, which in turn can impact on its growth. At the moment, it appears that the issue of cyber security is also relatively low on the boardroom agenda, with over half of leaders saying that other matters always seem more urgent.