Cyber Crime- Techniques, Prevention and Cyber Insurance

Abstract

Rapid technological advancements are changing our day-to-day lives. Technology has improved the way people think, act and respond. Presently, with the growth of digital revolution, everyone is reliant on information technology. Banks are using information technology that is built by the most intelligent brains and at the same time there are folks who are equally intelligent with technical knowledge but use their intelligence negatively and end up in performing unethical tasks. The intention of such kind of folks is to harm people by their unethical activities. With digital revolution, these criminals need not to commit the crime physically; rather they can reach every corner of the world virtually using a computer, internet and communication medium. By deciphering encrypted information, they can rob anything using computers, be it money or credit card details of an individual or data. This paper presents different types of cybercrimes like cyber extortion, cyber stalking etc. It also highlights the various techniques that are used by criminals in order to launch attacks and breach security of an organization, thus committing cyber-crimes. Also, the counter measures against cyber-crimes are presented.