cybercrime

Cyber Forensics to tackle current and emerging threats

Cyber Forensics to tackle current and emerging threats

Cyber crime : Cyber Forensics to tackle current and emerging threats

On a recent global meeting of INTERPOL, held on 22nd October at Delhi highlighted the global crime trend in 195 member countries and the role of cyber forensics to tackle this emerging threat worldwide. Financial and cybercrimes are found to be the world’s leading crime threats and also those projected to increase most in the future. The findings that are part of INTERPOL’s first-ever Global Crime Trend report saw more than 60 per cent of respondents rank crimes such as money laundering, ransomware, phishing and online scams as high or very high threats which are prone to increase in the next three to five years.

Cyber forensics is not just limited to white collar crimes but perhaps the most  disturbing trend is the related rise in online child sexual exploitation and abuse (OCSEA), which 62 percent of respondents expect to increase or significantly increase – the third highest-ranking future crime threat. The demand for, and production of, OCSEA materials also increased significantly during the pandemic. While drug trafficking has traditionally dominated crime threat lists, cyber- enabled financial crime has increased precipitously in recent years, notably throughout the pandemic and during and following lockdowns, rates of digitalization accelerated, with professional and personal activities performed almost exclusively from home and online.

You may also like to read about the emerging threats in cybercrime as well as the growing trend of cyber enabled forensic crimes.

Cyber Forensic Lab at Truth Labs

Truth Labs is a full fledged cyber forensic lab conducting examinations of exhibits related to cyber crime and assisting various law enforcement agencies in India.  Truth labs follows Interpol standard operating guidelines to ensure quality of services.

Cyber crime is an evolving form of transnational crime

Cyber crime is an evolving form of transnational crime

What is cyber crime?

Cyber crime today includes traditional, real world offline crimes, (fraud, forgery, organised crime, money laundering, theft etc.) perpetrated in cyber space that are hybrid or cyber-enabled crimes, as well as ‘new cyber dependent’ that have been made possible with the advent of the internet and internet enabled technologies.  Cyber Forensics is a means to detect crime using cyber devices.

For these reasons many countries have amended or enacted laws that are specifically designed to deal with cybercrime along with the advent of newer types of cybercrimes like supply chain attacks. AI and IOT based crimes, crypto jacking, targeted attacks, bitcoin crimes, RDP attacks and so on require the existing laws to be tweaked to meet the legal requirements. India is still in the process of formulating more laws on bitcoin, crypto and fintech laws.
The complex nature of the crime as one that takes place in the border-less realm of cyberspace is compounded by the increasing involvement of organized crime groups. Perpetrators of cybercrime and their victims can be located in different regions, and its effects can ripple through societies around the world, highlighting the need to mount an urgent, dynamic and international response.

Law in a modern society has been defined as “the discipline that deals with how our legal system can and must adjust to accommodate the problems created by the ever more urgent and ubiquitous impact of technology on society.” With the growth of the internet technology, genomics, telecommunications, etc. legal scholars and law schools emphasized on the intersection of the law with science and technology.
This intersection also extends to the regulation and accessibility of medical treatments. For example, as technology advances, more solutions are becoming available for issues like sexual health. Female Viagra is one such option, offering help to those in need. To explore how to buy Female Viagra in this website, click the link provided.

Scientific issues now permeate the law. There has been a growing awareness of the importance of scientific and technological developments amongst legal scholars and practitioners.  At Truth Labs, we have a separate division dedicated to cases relating to cyber crime and cyber forensics.

 

Proportionality of cyber crime vulnerability to our Digital footprint

Proportionality of cyber crime vulnerability to our Digital footprint

Cyber safety and data tracking

Oblivious to the breadcrumbs of personal information being left behind in the online data sources, individuals fall prey to various online data theft. Such sources include social media profiles.

Commonly, data tracking is made possible by cookies on websites and default permissions setup for mobile applications installed. Website associated cookies may be required for its basic functioning and for quick subsequent access by remembering user details, but often they also have third party cookies for user tracking to improve experience. While third party cookies help deliver relevant content, they also gather personal data and preferences. Unnecessary permissions to access data on phones may provide certain mobile applications free access to user’s data.

Data breaches (e.g.- Twitter data breach in December 2021) have been a regular event despite the increased vigilance against cyber-attacks and have caused large databases vulnerable to theft and sale to interested unauthorised parties who then can misuse such data for stalking, misinformation and other targeted attacks on individuals and companies.

 
Truth Labs has examined cases involving hacking, blackmail by falsification or manipulation of data procured with unconsented access from devices of individuals, not surprisingly by persons very close to them with intentions of misuse.Truth Labs has examined cases of email phishing in organizations that suffer significant loss due to bank transaction frauds where money was transferred to foreign accounts by way of data and communication manipulation.Truth Labs has also examined cases of ransom-ware attacks, where root cause analysis indicated email phishing and weak password hacking resulting in network compromise
Future of Cyber Crimes

Future of Cyber Crimes

Can cyber forensics tackle cyber crime?

How to stop criminal activities whose returns far outweigh any fear of punitive actions which all the international law enforcement agencies have in place? The efforts to cut down cyber crimes is approaching hopeless proportions, with a 15% annual growth rate. At that rate, these clever cybercrooks are even bound to increase their bounties by around $10.5 trillion by 2025.

Broadly the cyber crimes causing concern to the society today are listed below:

  • Pandemic-related Phishing

  • Ransomware Attacks

  • Increase in Business Email Compromise (BEC) Attacks

  • Mobile Malware

  • Cyberoptimism

  • AI to IoT in Cybercrime

  • Supply Chain Attacks

  • Data Breaches

  • Crypto jacking

  • Targeted Attacks

  • Encrypted Communication Platform

  • Raising usage of Bitcoins

  • DDoS Attacks

  • Outdated and Open-Source Vulnerabilities

  • Social Engineering

  • RDP (Remote Desk Protocol) Attacks

Some of the cyber crime trends to watch for are worth mentioning

As it is with the proverbial two sides for every coin, there are two sides to cyberspace. Cyberspace is a great place for commerce, societal advancement, and innovation. However, the same place harbors crooks who are ready to pounce any chance they get. Advanced technology and systems give an edge to businesses and organizations, but it means newer and more advanced methods for cybercriminals to attack too, leading to a marked increase in dangerous cybercrime trends.

Cyber crime presents the trickiest types of criminals to deal with. Armed with sophisticated tools of the trade, they are getting more audacious every day, threatening businesses of all sizes. Bigger organizations have deeper pockets for more advanced security tools to face cyber threats, but small business enterprises are not always so lucky. Thus, staying aware and vigilant at all times can go a long way in preventing these cyber attacks from occurring, and it is also helpful to know what IT security solutions are perfect to protect your site

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