Cyber-crime enters a new era, OTP-based cyber-crime is old fashioned

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Cyber-crime enters a new era, OTP-based cyber-crime is old fashioned
Cyber-crime enters a new era, OTP-based cyber-crime is old fashioned

Investigating a complaint by a company, a cyber-crime team found that such malware was installed in many companies’ computers

Cyber-crime world is entering a new area every day, which brings a new challenge for the investigators. The journey that started with Jamtara OTP based crime has reached to data stealing, money siphoning and extortion. Prem Vir Singh, Joint Commissioner of Police, Crime Branch, Ahmedabad feels data protection is going to be a big challenge.

Prem Vir Singh speaking to IANS said, “A few years ago the maximum cyber-crime complaints were of money siphoning using bank OTP and most of the crimes were committed by people from Jamtara, that can be called basic crime in today’s cyber-crime world.”

SIM card swapping is a modus operandi in which the victim’s mobile SIM card is swapped and later money is siphoned off from his account.

Micro finance through a Chinese app has cheated those who have used these apps for small loans ranging from INR 10,000 to INR 20,000. The app takes permission to access the data of the user when the application is downloaded, and then starts approaching the borrower’s relatives and friends and blackmails the borrower to extort money, said the officer.

Other new ways are through bank account number fishing through Google search engine, helplines numbers, by friends in need modus operandi, with promise to send gifts, will ask deposit money. Nigerian gangs literally loot traders by promising huge profits in the oil business. Another way of cyber-crime is insurance policy with a low premium while the latest one is messages warning of disconnecting the power supply as the consumer has not paid the bill on time.

But most worrying and dangerous is malware installed in consumers’ computers. Through such malware cyber criminals are not only stealing consumers’ bank details, but after swapping SIM cards are siphoning off money. Investigating a complaint by a company, a cyber-crime team found that such malware was installed in many companies’ computers. The team informed all the companies and advised them to take precautions, said an officer.

Data protection is going to be a challenge and companies and individuals will have to make maximum efforts for data protection against cyber attackers and criminals, the JCP crime branch said in the coming days.

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