Home Minister Rajnath Singh reviewed the preparedness of agencies to check financial cyber crimes. In view of the growing incidents of financial frauds using cards and e-wallets, Mr. Singh asked agencies to strengthen surveillance and legal frameworks to check the menace.
The issue came up at a high-level meeting where the strategies being adopted to check financial cyber crimes were discussed in detail.
Representatives from various agencies made presentations and appraised the Home Minister of the current trends in financial cyber crimes in the country, and the steps being taken by their agencies to address this challenge, a Home Ministry spokesperson said.
Concerned agencies and representatives of certain States highlighted the steps being taken to arrest the growing trend of cyber crime in the financial sector.
It was noted that both legal and technological steps need to be taken to address this situation.
Capacity building
“It has been decided to expedite the implementation of cyber crime prevention initiatives in these agencies towards this end along with measures required to acquire critical cyber forensics equipment,” the official said.
It was also decided that an inter-ministerial committee may be set up to identify action points and monitor their implementation. Capacity building of various stakeholders such as police officers, judicial officers, forensic scientists as well as officials in the banking sector has been identified as a key measure, the official added.
As many as 1,44,496 cyber security attacks were observed in the country in last three years.
As per the information reported to and tracked by Indian Computer Emergency Response Team (CERT-In), a total number of 44,679, 49,455 and 50,362 cyber security incidents were observed during 2014, 2015 and 2016.
The types of cyber security incidents included phishing, scanning/probing, website intrusions and defacements, virus/malicious code and denial of service attacks.
