2. To establish the extent of internet
fraud and its operational impact
on ecommerce.
The effectiveness of current fraud
prevention systems.
Finally to identify common
features in the way internet
fraudsters operate.
3. The effect of cyber fraud on e
commerce: examining various aspects
involved.
4. 1. Introduction
2. Ecommerce and its relation to cyber
fraud.
3. Various aspects of ecommerce.
4. Technical issues involved.
5. Legal issues: substantive and procedural.
6. Conclusion and suggestions
5. The major issues tackled with in this paper are as
follows:
1. How ecommerce is affected by cyber fraud.
2. Adequacy of regulations in the national and
international level.
3. Technical measures.
4. Mechanisms and laws to check cyber fraud
11. Financial accounting : From manual to
computerized
Information system: From paper based to
digital
Advertising : Offline to online
Corporate purchasing : Manual to E-
procurement
12. A network of Networks.
Hardware and Software.
Building E-Commerce enabled website.
Client-Server Computing.
Hosting site on Web Server.
Finding provider for electronic funds transfer
14. Crime committed using a computer and the
internet to steal a person's identity or illegal
imports or malicious programs.
Cybercrime is nothing but where the
computer is used as an object or subject of
crime.
Online activities are just as vulnerable to crime
and can compromise personal safety just as
effectively as common everyday crimes.
Lawmakers, law enforcement, and individuals
need to know how to protect themselves and
the persons for which they are responsible.
15. We can categorize Cyber crime in two ways :
The Computer as a Target :- using a
computer to attack other computers. e.g.
Hacking, Virus/Worm attacks, DOS attack
etc.
The computer as a weapon :- using a
computer to commit real world crimes. e.g.
Cyber Terrorism, IPR violations, Credit card
frauds, EFT frauds, Pornography. Cyber
Crime regulated by Cyber Laws or Internet
Laws.
16. Hacking
Software Piracy
Denial Of Service Attack
Virus Dissemination
Computer Vandalism
Cyber terrorism
17. Types of Cyber attacks, by percentage
(source- FBI,2007)
Financial fraud: 11%
Sabotage of data/networks: 17%
Theft of proprietary information: 20%
System penetration from the outside: 25%
Denial of service: 27%
Unauthorized access by insiders: 71%
Employee abuse of internet privileges 79%
Viruses: 85%
18. Manipulate data integrity 6.8%
Installed a sniffer 6.6%
Stole password files 5.6%
Proving/scanning systems 14.6%
Trojan logons 5.8%
IP spoofing 4.8%
Introduced virus 10.6%
Denied use of services 6.3%
22. Electronic mail can be intercepted and read
Customer’s credit card numbers may be read
23. Customers risks :
Stolen credentials or password
Dishonest merchant
Merchants risk :
Forged or copied instruments
Insufficient funds in customers account
24. Authorization , Access Control:
protect intranet from hoarders: Firewalls
Confidentiality , Data Integrity:
message must not be altered or tampered with :
Encryption
Authentication:
both parties prove identity before starting
transaction: Digital Certificates
Non-repudiation:
proof that the document originated by you and
you only: Digital signature
25. The cyber security will defend us from
critical attacks.
Internet security process all the incoming
and outgoing data on our computer.
Cyber security will defend from hacks
and virus.
26. Held orders
In-house database
Shared database/Chain calls
Telephone database
Issuing Bank
Call the customer
27. Implementation of existing laws in a stricter
manner.
Changes in the:1. Information Technology
Act, 2000, Amendment 2008 should be strictly
adhered to.
2. Indian Penal Code, 1908
should be in amended, stricter punishment
should be imposed on violators.
3. The newly added sections
of the Indian Evidence Act should be
considered while giving judgments on cyber
fraud
28. The police officers, judges lawyers and the
persons associated with legal profession
should be sensitized on the matter.
The general public, companies and
corporate houses should be made aware
of the damages cyber fraud can cause
Advertisements in all forms of media is an
effective tool for creating awareness.
High fines should be imposed which should
be deterrent in nature.