The technology has transcended all conventional geographical, political and economic boundaries and today the world has been turned into a big global digital village. While technology brings human beings, communities and countries closer, there are also some elements and global forces that use technology to cause economic and social harm to citizens and governments.
Government has informed Parliament that drug mafias and cyber intrusions are inherently illegal and pose a threat to regulated financial systems. Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, on crypto assets, the government through the Indian G20 Presidency and International Organisations (IOs), such as the Financial Stability Board (FSB) and the Financial Action Task Force (FATF), has worked to create mechanisms of international cooperation, standards setting, and information sharing.
The government acknowledged that it should be well seized of the threats which are conventional warfare or border threats and other threats such as cyber threats, and crypto threats. Details of some illustrative steps taken in this regard are at annexure.
To strengthen the mechanism to deal with cyber crimes in a comprehensive and coordinated manner, the Central Government has taken steps for spreading awareness about cyber crimes, it said.
Among others, it said, the government counted issuance of alerts and advisories; capacity building and training of law enforcement personnel, prosecutors and judicial officers; improving cyber forensic facilities, etc.
The Government has established the Indian Cyber Crime Coordination Centre (14C) to provide a framework and eco-system for LEAs to deal with cyber crimes in a comprehensive and coordinated manner. It has launched the National Cyber Crime Reporting Portal (https://cybercrime.gov.in) to enable the public to report all types of cyber crimes, with special focus on cyber crimes against women and children. Cyber crime incidents reported on this portal are routed automatically to the respective State/UT law enforcement agency for further handling as per the provisions of law, the government said. The ‘Citizen Financial Cyber Fraud Reporting and Management System’ has been launched for immediate reporting of financial frauds and to stop siphoning off funds by the fraudsters.
As has been rightly emphasized by the Union Home Minister, cyber security has become an essential aspect of global security that requires adequate attention on its economic and geo-political implications.
It is important to understand that the usual methods of fighting crime barely work against cybercriminals as they are constantly evolving new ways of cheating people. Reducing the risks has to be the priority.
