LUCKNOW: Corporate India should report all cyber incidents with police, said Prof Triveni Singh, SP Cyber Crime Uttar Pradesh Police on Wednesday. He also highlighted that companies should take responsibility for the data leak, cyber-attacks or any other cyber incidents to help the country control complicated cyber crime cases.
Explaining the need of reporting cyber crime cases to the law enforcement agencies, the senior UP Police officer said corporate must come forward and report any cyber incident to the police. This will not only help in catching the criminals, but data sharing and attack analytics will help in preventing future crimes, said Prof Triveni Singh while attending a virtual conference – Zero Breaches & Threat Intelligence – The next big thing in Cybersecurity organised by W.Media.
Prof Singh started his address by saying that cyber crime is the fastest growing industry with almost zero investment. “Cyber criminals in India using Fake SIMs and mobile phones are running a multi-crore fraud syndicate. With the bare minimum investment, they are churning out a huge profit. Calling fraud, social media fraud, financial fraud, online cheating are some of the most common crimes. It is not only individuals but corporate India is also troubled with it,” Singh said.
Giving out statistics, Prof Singh said through the national cyber crime reporting portal run by MHA UP police have got over 70,000 cases it also includes some very technical and sophisticated crime like ransomware attacks and attacks on critical infrastructure.
Explaining the technical trouble law enforcement agencies are facing in cracking such cases, Prof Singh said, “there is no full-proof solution for a Ransomware attack and tracking Bitcoin or cryptocurrency, which is taken by hackers to decrypt the locked data is not very easy.”
Police during the investigation could reach to cryptocurrency exchange by that time the digital currency is transferred to thousands of wallets created across the globe. Police don’t get much support from crypto exchanges and other foreign-based service providers in such cases. These cases also involved multi-country jurisdiction issues.
“To deal with such situation, I would suggest law enforcement, cyber experts, corporate can come together on the same platform to exchange ideas and data in real-time to crack such cases. Corporate India should not engage with criminals or pay the ransom. Instead, they should immediately contact police or other designated government agencies,” Singh said
Ending his power-packed session, Prof Singh said that not only technical officials but top to bottom level employees of a company should follow cyber hygiene to stay safe in the digital world.
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