•Check your credit card or bank account statement regularly for any discrepancies
•Read about Information security breaches by subscribing to some news letters. In the case of many breaches the only defense is knowledge.
Despite this, if you think you’ve been hit, inform your bank immediately. You can at least block your credit card or account and prevent further damage. If the crook is not seasoned, it may also be possible for the bank to track him. You must also file an FIR with the police.
How strong is the law in India addressing and controlling cybercrime?
The laws, per se, are adequate. The issue is enforcement. The police force needs to be endowed not only with greater numbers in the cybercrime cells, but also needs to be educated in dealing with this category of offences, where the perpetrator does not have a face.
However, it is the corporate world—banks, financial institutions and other segments offering online services and whose credibility is at stake if their sites are targeted—that must take the initiatives here.
They must realize that security is a high-end and professional game and cannot be left to IT vendors and audit firms for implementation. In fact, security should be treated as a board level issue and not something for the CFO or the CIO to manage. Typically the security apparatus in a company tends to look at procedural correctness instead of the probable outcome of a security lapse. For instance, auditors are usually more concerned about ensuring that the know-your-customer (KYC) formalities have been duly completed at the bank, but rarely explore the possibility of a loan being disbursed on a form that has one person’s name, another’s photograph and the address of a third person.
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