The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
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Computer Crimes<br />
• Only 5% <strong>of</strong> cyber crimes in banks are reported in India,<br />
as opposed to 20% globally. Of these, over 60 per cent<br />
are instances <strong>of</strong> internal fraud (NASSCOM)<br />
• In August 2004 alone, the number <strong>of</strong> reported cyber<br />
crimes crossed 1,37,529 and the figure has been growing<br />
by 50 per cent year-on-year<br />
• Occur in 3 ways:<br />
– Physical Crimes<br />
– Data-Related Crimes<br />
– S<strong>of</strong>tware-Related Crimes<br />
• To combat the same, IT ACT 2000 is a step in the<br />
direction<br />
• In addition, strong security measures (physical & data)<br />
plus disaster recovery are essential<br />
INSTITUTE FOR DEVELOPMENT AND<br />
RESEARCH IN BANKING TECHNOLOGY<br />
November 4, 2004<br />
Vepa Kamesam, Chairman <strong>IDRBT</strong>
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