Cyber Security Challenges - Praveen Nayak

POLICE INFRASTRUCTURE,
TRAINING, ADEQUATE STAFF &

CO-ORDINATION RELATED
CHALLENGES IN
CYBER FINANCIAL SECURITY
Praveen Nayak MBA, LLM, M.Phil [Ph.D],

NET (Management & Labour Laws) KSET (Management)
Principal, Vivekanand Institute of Management, Kalaburagi

Research Scholar at VTU, Belagavi
Introduction
Cyber  India has high growth rate in Digital

Security Economy and Digital Banking.
is vital  Cyber Crimes, including Cyber Financial
for Crimes, are also increasing.
growth  India lacks sufficient numbers of
of trained police personnel.
Digital
 All stake holders have to consider thei
Economy.
role in improving Cyber Security.
Benefits of Cyber Financial Transactions:
People will  Cyber Financial Transactions provide

trust and real time data.
use Cyber
 Ensures a clean economy and tax
Financial
(Digital) compliance.
Transactions  The man hours saved due to reduced
if they are duplicity of work.
assured of
its safety  Increasing population is steadily
adopting Digital Economy, making
economy more transparen.t
Some Cyber Crimes at a glance:
Each type  Cyber Crimes against Women.

of Cyber  Cyber Crimes against Children.
Crime is
potentially  Cyber Crimes under IT Act.
dangerous  Cyber Crimes for Ransom Ware.
and have
to be  ATM Frauds.
addressed  Hacking.
promptly
 Malware.
 Imposter.
Cyber Statistics (2018 figures)
Transactions Crimes
 UPI Value crossed  Data of 1,60, 000

Rs One Trillio in people compromised
December 2018 due to fake banking
apps on Google Play
 Card transaction grew Store.
at 22%  5,035 FIRs registered
 Wallets transactions at Cybercrime Police
grew at 86% Station in Bengaluru
National Crime Records Bureau Statistics:
The NCRB  Cyber Crimes Data Formats 2018 are

hosts all data
pertaining to B
Crime
Statistics of L
the Nation.
Data is A
available
District Wise,
N
State Wise K
classified on
basis of Age,  BLANK at NCRB website.
Motive,
Gender etc  All other Crime Records are updated.
Efforts to Address Cyber Security Issues:
 Karnataka was the first state to have a dedicated Cyber

Crime Police Station, with Bengaluru getting the first in 2001.
 Karnataka has set up Cyber Crime Cells at Mysuru,
Mangaluru, Kalaburagi, Davanager, Hubballi-Dharwad.
 The Karnataka Police Department and Cyber Cells have
dedicated website http://cyberpolicebangalore.nic.in/
 The Department conducts Cyber Security Education among
public through various mediums, including Social Media.
 Bankers are educating the public about safe methods to use
digital transactions
Suggestions:
 Tech Savvy Trained Staff in increased numbers at
Police Stations
 Provide Department with latest technologies
especially for Data Analytics
 Special Agency to co-ordinate between Vigilance
Department, IT Department, Excise Departments
and police from various states and internationally
 Hot pursuit of international criminals, even if cost is
at times exorbitant
Suggestions:
 Banks and e-commerce companies must provide
financial support and technical staff or support for
crime prevention and detection.
 Every Bank and e-commerce portals must have a
digital security officer to help police department
and customers to track digital fraudsters.
 Gift Coupons for purchase of articles online, usually
generated by hackers to avoid bank transaction
and must be compulsorily verified by e-commerce
Conclusion:
 A strong message that the Government will not
allow anybody to misuse or abuse the digital
infrastructure is absolutely vital to protect the
digital resources and public to trust and use these
resources. If left under protected, people may shy
away from using these resources apart from some
victims facing losses, thus putting us behind in the use
of ICT revolution in areas of cyber financial
transactions.
Author:
Praveen Nayak
MBA, LLM, M.Phil [Ph.D]
NET (Management & Labour Laws)

KSET (Management)
Principal
Vivekanand Institute of Management,
N.V. Layout, Vithal Nagar, Kalaburagi
& Research Scholar at VTU, Belagavi
E-mail: [email protected]
Mobile: 9008292229 /9900155129

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POLICE INFRASTRUCTURE,

TRAINING, ADEQUATE STAFF &

Praveen Nayak MBA, LLM, M.Phil [Ph.D],

Principal, Vivekanand Institute of Management, Kalaburagi

Cyber  India has high growth rate in Digital

People will  Cyber Financial Transactions provide

Each type  Cyber Crimes against Women.

 UPI Value crossed  Data of 1,60, 000

The NCRB  Cyber Crimes Data Formats 2018 are

 Karnataka was the first state to have a dedicated Cyber

NET (Management & Labour Laws)

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