Do Indian Enterprises have Legal Remedies for Cyber Crime?

Enterprises in India are in the forefront when it comes to offering cloud and mobile apps to their employees in online banking, retail, manufacturing and many other sectors. However, these companies are profoundly unprepared and mostly unaware of the mobile app threats lurking in app stores. These enterprises are also victims of large data thefts and various other cyber crimes. However, most of them are left with the only option of revamping their IT systems, and hardly any of them take up the matter legally. The million-dollar question is — does our country have a proper legal framework to assist enterprises against cyber crime.
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Gauss wants YOUR log-on

Kaspersky Lab has announced the discovery of ‘Gauss’, a new cyber-threat targeting users in the Middle East. Gauss is a nation-state sponsored cyber-espionage toolkit designed to steal sensitive data, with a specific focus on browser passwords, online banking account credentials, cookies, and specific configurations of infected machines.

The online banking Trojan functionality found in Gauss is a unique characteristic that was not found in any previously known cyber-weapons..............

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Cybercrime moves to the cloud

Researchers say that criminals are moving their malware heavy lifting from end-user PCs to servers in the cloud.

The same flexibility and freedom that companies get from having their software and services hosted in the cloud is enabling cybercriminals to conduct highly automated online banking theft — without doing much of the necessary information processing on their victims' own computers............

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US charges 24 people in massive hacking sting

US law enforcement officials on Tuesday said 24 suspected hackers had been arrested in a sting operation spanning four continents that targeted online financial fraud of stolen credit card and bank information. 

In a two-year investigation, FBI agents posed as hackers on Internet forums, watching as other hackers swapped methods for breaching data security walls and creating fake credit cards that would work for Internet and in-person purchases............
 
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