cyber crimes s

7/27/2019 Cyber Crimes s

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Effect Cyber crimes on Business


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Definitions of Cyber Crime:

"It is a criminal activity committed on the internet.

This is a broad term that describes everything from

electronic cracking to denial of service attacks that

cause electronic commerce sites to lose money".

Any criminal activity that uses a computer either as

an instrumentality, target or a means for perpetuating

further crimes which come within the range of cyber

crime


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Reasons for Cyber crimes:

Capacity to store data in comparatively small

space

Easy to access

Complex

Negligence

Loss of evidence


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Types of Cyber Crime

Hacking

Denial of Services

Attack

Virus Dissemination

Spoofing

Phishing

Cyber Stalking


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Hacking

Hacking in simple terms means illegal

intrusion into a computer system without the

permission of the computer owner/user.


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CREDIT CARD FRAUD

You simply have to type credit card number into www page off the vendor

for online transaction. If electronic transactions are not secured the credit card numbers can be

stolen by the hackers who can misuse this card by impersonating the creditcard owner

NET EXTORTION

Copying the company's confidential data in order to extort said companyfor huge amount.

PHISHING

It is technique of pulling out confidential information from thebank/financial institutional account holders by deceptive means


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Actual login page


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Phishing email

From: *****Bank [mailto: support@****Bank.com]

Sent: 08 June 2004 03:25To: XYZ

Subject: Official information from ***** Bank

Dear valued ***** Bank Customer!

For security purposes your account has been randomly chosen for verification.To verify your account information we are asking you to provide us with all thedata we are requesting. Otherwise we will not be able to verify your identityand access to your account will be denied.

Please click on the link below to get to the bank secure page and verifyyour account details.

Thank you.

https://infinity.*****bank.co.in/Verify.jsp******Bank Limited


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Deceptive login page


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LAWS OF CYBER CRIME IN PAKISTAN

Act No.XVII OF 1996 AN Act to provide for re-organization of

telecommunication system .

LAW APROVED IN 2002 related to cyber crime

MINISTRY OF LAW JUSTICE AND HUMAN RIGHTS Islamabad, the

3Ist December 2007

Pakistans cyber crime bill pass in 2007


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National Bank Pakistan

National Bank of Pakistan was established under the National Bank of Pakistan ordinance1949 and it came

into existence on November 20; 1949.Its main aim was to provide all types of banking services to the

government and private sector.

The bank also handles treasury transactions for the Govt. of Pakistan as agent to State Bank of Pakistan.

SHARE CAPITAL

Issued Capital

The bank was setup with an issued capital ofRs.1.5 million.

Authorized Capital

Authorized capital of National Bank of Pakistan in 2009 was Rs.2.5 Billion.

Issued, Subscribed, and Paid-up Capital

Issued, subscribed and paid-up capital in year 2009 was Rs.1.46 Billion.


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Brief Introduction of the Organization

Business Volume

Non Interest based income shows impressive increase of about 3.7 billion

Rupees.

Administrative expenses increase by 25 % due to training facilities

development.

Credit rating maintained at AAA by JCR Credit Rating Agency.

It has assets of 350 Billion Rupees

5. It follows the International Accounting Principles , Islamic Accounting

Principles and regulations of Institute of Chartered Accountants of Pakistan


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SWOT Analysis

STRENGTHS Financial Strength

High Percentage of Gross Profit

Large number of Branches

Govt. Support Image

Huge Assets

Large Number of Govt. Deposits

Opportunities

Sponsor the IT based Projects Good Will & Better Image

Growth in the industrial sector

Weakness

Less attention to rural development

Poor Advertisement

Poor Network

Pirated Software 1 link ATMs, No security

Threats

Retail Banking Overload

Financing Cost of New Projects

Focusing only on Govt. Deposits

Ignoring Customers Needs

Untrained Staff hurting the image


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NBP ATM Fraud

The National Bank of Pakistan (NBP) on Friday 14 March 2009 unilaterally

suspended its One-Link service with 14 other banks after finding out that a cyber

gang had withdrawn millions of rupees from its different branches through

automated-teller machines (ATMs) by cracking the PIN codes and hardwaresecurity modules.

The bank had also sought the help of the FIA to determine how the gang had been

misusing a couple ofzero-balance accounts of two employees of another bank,

one of them retired, and getting complete command over the ATM system of the

NBP


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Police arrested Amir Abbas, an employee of the Lahore branch of the other

bank, one of the 14 banks sharing the ATM service with NBP.

banks management had detected cybertheft of overRs3 million from its

ATMs in Multan and Lahore in recent weeks.

But it was surprised to find similar cases unfolding in its branches

operating in the industrial belt of Punjab in Sialkot, Gujranwala and

Lahore.

After following the transactions, the bank management found that the same

group had withdrawn another over Rs8 million from the NBPs ATM in

Punjab just over the last weekend.


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Recommendation & Conclusion

Conclusion We do have Cyber crime law but

unfortunately its not implemented

like other laws.

Internet is not being widely usedin country except large cities.

Lack of awareness about the law.

Only 10 % of cases are reported.

Confusion about cyber crime &

frauds.

Recommendations Implementation of law should be

compulsory.

Workshops & seminars to prevail

awareness.

Strong actions against criminals.

Tight Security.

Install Anti virus & anti spam

softwares

cyber crimes s

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