Computer Crime Research Center


$40 billion losses due to cybercrime

Date: May 25, 2007

Expert feels that only a tiny proportion of cyber crime incidents are actually reported world over. Individual users are more exposed to computer crime than ever, due to the growth in identity theft.

A key finding of the Economic Crime Survey 2006 of PricewaterhouseCoopers (PwC) was that a typical perpetrator of economic crime in India was male (almost 100 per cent), a graduate or undergraduate and 31-50 years of age. Further, over one-third of the frauds in the country were perpetrated by insiders and over 37 per cent of them were in senior managerial positions.

"When it comes to cyber crime, this profile holds good for India," says Sivarama Krishnan, Executive Director, PwC, Mumbai. With over 15 years of experience, he leads the Technology and Security Practice in the firm and his work experience spans India, Kuwait, Bahrain, UAE, Oman, Sri Lanka, Bangladesh, the Netherlands, Singapore, the UK and the US. Leading a team of over 75 IT professionals, Siva is a subject matter expert for PwC in areas including IT security, e-governance and telecommunication. Here's his take on a few questions from Business Line on cyber crime.
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