More than 80 million people in India are actively using the Internet as a medium to inform, connect and converse. The number of Internet subscribers is also growing at a very healthy rate each year.
Unfortunately, as the population of netizens in India grows, the number of cyber crimes grows too. In fact, it is growing at an alarming rate as a recent report released by the National Crime Records Bureau (NRCB) reveals the dark side of India’s Internet usage.
The following is the representation of the actual cases that were raised in India under the Information Technology Act:
The number of cyber crimes has been increasing at a whopping 100% each year; a growing concern for the e-commerce industry in India as people lose confidence in online shopping. Out of the top countries in the world, China and India stand at 1st and 2nd position with the greatest number of cyber crimes victims. A relevant study report, ‘Norton Cybercrime Report – The Human Impact’ released last year highlighted the impact of cybercrimes on victims:
• 46% feel annoyed/ upset.
• 58% feel anger.
• 51% feel cheated.
• 57% feel Cybercriminals will not be prosecuted at all
Cyber crime is a common problem in other parts of the world. In China, Alibaba had signed an agreement with Intertek, a London-based Internet security to improve online security. In Singapore, the government is working to improve online security through Second Factor Authentication. It is an extra authentication step done through a token or a one-time password sent to the user’s phone to authenticate a transaction. Investing on online security doesn’t come cheap. However, it is a needed expense to support the e-commerce industry as more people are buying online. Otherwise, the consequences could be far worst: China has lost $3 billion to phishing sites.
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