An overview of Cybercrime and privacy issues
Digitalization has taken over almost the entire world. Most of the merchant platforms are using digital ways of business and its related transactions. On one side, this I helped in bringing the businesses to a new height but on the other side, it has also reciprocated cybercrimes and its associated negative reactions, too. Before we dwell deep into the cybercrime and privacy issues, lets first understand what cybercrime is. In India there are a number of top cyber law firms in India that operate actively to sustain the wellbeing of digitalization and fight against the negative sides of the same.
What is cybercrime and how does it concern privacy?
Cybercrime simply related to violation of an individuals’ privacy and security concerns in terms of their data. Cybercrime mainly related to data hacking, malware insertion, identity theft, functional financial and medical frauds, and several other offences related to data breach against an individual’s personal information, their messages or images, video and even audio recordings without the permission of the individuals.
Cybercrime today ranges across a variety of spectrums and concerns data privacy issues. This involves fundamental breaches of all kinds of personal or corporate information that later leads to blackmailing or other kinds of digital assaults, too.
How does cybercrime effect?
- Cybercrime is known to be one of most disruptive threating tool for the financial markets. However, it still remains pretty underrated by these related institutions.
- This has the potential to foster information security vulnerability, leaving your personal system getting exposed to any potential future cyber-attacks.
- Cybercrime is a global level concern that effects all kinds of industries and individuals, too.
- The most primary effect of performed cybercrime is financial loss. However, it may even concern profit-driven criminal activities, ransomware attacks, email and internet frauds, and even identity fraud.
- Such crimes are performed as an attempt to steal financial account information, identity information, credit card or any other payment mode information.
Prime categories of cybercrime
Cybercrimes are primarily divided in two prime categories that covers most of the online threats-
- Computer as a target
- Computer as a tool
Earlier there weren’t any specific rules and laws by Indian government for governing the cyber laws that involves all such cybercrime related privacy issues, jurisdiction issues, intellectual property rights issues, etc. However, now there are a complete set of law and legal process binding with a separate functional body that takes care of all such concerns.
Top 5 cyber crimes
Cybercrime and privacy issues have many forms however, here are the top 5 types of cybercrimes that concerns all kinds of data privacy issues. There are number of top cyber law firms in India who act accordingly towards counterfeiting legal action against the same.
- Cyber Extortion
- Data breach
- Identity theft
Other common types of cybercrime
- Crypto jacking
- Credit card fraud
- Identity theft
- Exit Scam
- Software piracy
Cybercrime and privacy issues governing laws in India
Initially, there weren’t any structurally defined governing cyber laws that concerned different types of cybercrimes and privacy issues. But, with the growing tendency of misuse of technology, the need for strict statutory compliances and regulations to legally control these criminal activities, arose. After which, the “INFORMATION TECHNOLOGY ACT, 2000″ [ITA- 2000] was enacted under the Parliament of India for safeguarding the cyber world and adding protection against potential threats came up. Today there are a number of top cyber law firms in India that work towards counterfeiting legal action as per these laid governing Laws.
- The above act covers all kinds of Cyber Laws concerning privacy issues, its jurisdiction issues, problems concerning intellectual property rights and a range of other legal bindings. The sole purpose of creating this law was the protection of the fields of digitalization including- e-commerce, e-governance, e-banking, etc. along with the penalties and punishments associated with the same. This Act was later amended into IT Amendment Act, 2008 [ITAA-2008].
- The new amendment replaced Section 43 with Section 66. Under this act, the adjudicating officer holds the powers equivalent to the civil court while, the Cyber Appellate Tribunal holds the powers civil court under the Code of Civil Procedure.
Even though, our society was slowly getting dependent on technology but, ever since pandemic, the dependency has increased. This is why, the cybercrimes based on these electronic offences are increasing, too. Endeavouring to the nation’s wellbeing, the cyber law system works towards creating a system that not just plays as a law making machinery but, also takes strict actions against the same, too. Apart from the legal inclusions, we also need to be vigilant in performing our day to day digital processes. Avoid malicious appearing transactions or accessing links that seem to invite potential cybercrimes. This is how one can safeguard oneself from potential cybercrimes and privacy breaches.