Why Is Cybercrime Increasing Rapidly? | Sudden increase in cybercrime in India |

Welcome to Cybercrimes Daily In today’s article, we will know why is cybercrime increasing rapidly? We have seen that money is first transferred to multiple bank accounts and then withdrawn and then transferred through cryptocurrencies. You will be surprised to know that the overall crime rate in the state of Hyderabad has increased by 4.4% and this increase is mainly due to a 57% increase in cybercrime. In India, in 2021, Telangana, Uttar Pradesh and Karnataka were collectively responsible for half of all cybercrime.

Why Is Cybercrime Increasing Rapidly?

 The data of lakhs of patient records was hacked. Scary, isn’t it? The number of these cyberattacks on Indian soil is increasing faster than the police can keep up with it.

National Crime Records Bureau Data

The latest data from the National Crime Records Bureau, which covers the year 2021, says that there were 52,974 recorded incidents of cybercrime overall. 38% of the crimes were computer-related crimes such as ransomware, identity theft and document tampering. Data is going from the Northeast, Kashmir, Delhi, which is a very big security threat anyway.

26% of the crimes involved fraud involving banks and other financial institutions. And 12% involved sexual offences. According to data presented by the Home Ministry in Parliament since 2020, a government platform for citizens to report cybercrime has recorded over 1.6 million incidents but has registered just over 32,000 FIRs.

The conversion rate is 1 in 50. While cyberattacks have become more sophisticated, the conviction rate has been low due to outdated structures, lack of technical expertise and inadequate facilities to deal with cybercrime. Tackling cybercrime poses a number of complex and often conflicting issues.

Sophisticated Systems Also Fall Victim To Attacks

Even modern sophisticated systems can sometimes fall victim to such attacks. As was the case with the 2016 data breach of Indian banks caused by malware in the payment systems of Japanese technology company Hitachi. The WannaCry ransomware attack in 2007 hit 115 countries.

Cryptocurrencies Are Convenient For Cybercriminals

The dark web and the privacy of cryptocurrencies are also convenient for cybercriminals. Cybersecurity initiatives have been weakened by the fact that cybercrime knows no borders. An attack like today’s would be more intense and could deal a catastrophic blow to critical infrastructure.

Cybercrime Across States

The worst aberration was seen in Uttar Pradesh, which has only two special police stations and reported 8,829 cybercrime cases in 2021. For example, in Assam, the number of cybercrimes has more than doubled in the last three years, yet the conviction rate has fallen from a high of 15% in 2019 to 2.2%. Despite a 37% increase in the number of cases, there has been no conviction in Odisha since 2019. As the AIMS incident shows, both government and private institutions are increasingly susceptible to hacking.

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AIMS’s systems are said to have not been modified for years. According to a report released last week by cyber threat forecasting business CloudSec, the number of cyber attacks targeting the government sector globally nearly doubled in 2022, with India accounting for the highest share in the world, at 13.7%. Moreover, data breaches are costly for both organizations and people.

Growing Threats and Efforts

According to IBM Research, the average cost of a data breach globally in 2022 was $4.35 million, up about 12.7% from 2020. The Home Ministry said in a reply to a question in the Lok Sabha that the Indian government is working to improve cyber forensic facilities, conduct public awareness initiatives and develop the skills of law enforcement personnel.

Conclusions

This demonstrates the increasing threat and the increasing efforts. Remember the National Cybercrime portal www.cybercrime.gov.in and cybercrime helpline number 1930, it is applicable all over India, and now we are also linking it to 112, which is the emergency response number. As technology advances at a rapid pace, it is difficult for cyber security experts to keep in touch with hackers.

The battle will only intensify. However, what we as citizens should do is to remain alert and informed to combat cybercrime.