Investigation in Cybercrime (Banking Sector) Literature review

Investigation in Cyber hatred (Banking Sector) - Literature review ExampleThe types of crimes connected involve money laundering, tales hacking, credit cards passwords retrieval, figures fudging ,all these crimes argon quite common in modern day and for this purpose various entities have been formed that argon specialized in looking after crimes performed oer the internet and procedure of electronic equipments in banking sector . A survey conducted by C.E.R.T give tongue to that merely in the year 2003, a total of 666 million US Dollars were fudged by cyber crimes in the field of personal credit line 1.These are either as a result of an insider, or intruders that use the tactic of phishing and impersonating as the sincere owner of account .The banking sector in broader spectrum consists of private and public sector, corporate enterprises and foreign banks. It is being stated that one in 20 credit card holders come across credit card taradiddle and total amount reported due t o this wrongful act results in total of 4 jillion US Dollars annually. The concerned authorities look into various aspects of the crime committed, they are well prepared and dexterous to look into the technical aspects of the crime .Once a crime is committed , the first and foremost step by the administrative authority is to freeze the show up. Mostly the picture is in form of electronic traces, this includes the id used, the internet course used , portable hard drives, credit card skimmers, and the I.p addresses of the users that have accessed any account. Different tactics are used for performing these tasks, usually creation of website in part of the world other than the place where the culprits are operating from. Computers can either be the victim or the source for committing any wrongful act. This whitethorn also include any phone calls made pertaining to the crime. Online banking means are quite common these days. Auctions conducted online are another soft target for cy ber criminals. Embezzlement of approximately 135 Million Euros took place through the use of card over internet .in the year 2010, online banking fraud resulted in loss of 46.7 million Euros 2.Online banking fraud takes places when the victims information is accessed and transactions are made pretending to be the real owner of account .it is being reported that 30 percent of the banking sector crimes that take place have internal employees regard in it directly or indirectly. A new York based bank Union Dime thriftiness Bank came across cyber crime when a total of $1.4 million U.S were embezzled through a crime committed through use of computers and accounts tracing3. While unearthing the crime in banking sector an important aspect of the boilers suit investigation process is to ensure the originality of the evidence which is in form of digital evidence. The court needs the evidence in its original form. Electronic evidence is normally quite fragile therefore it demands extra car e. shamed or altered evidence is no good and cannot be presented in court of justice. The people apply must be aware of the fact that special care is needed in handling the evidence and they are provided with proper training on this matter. The digital evidence is just like D.N.A or palpate prints evidence that is spotted on the scene. The