iSpy India Pvt. Ltd. has developed an "Electronic Insurance" product that combines antivirus software and insurance into a single software. The software detects viruses using signature scanning, heuristic scanning, rootkit detection, and a novel "Trojan Mirror" technique. It is installed by an agent over 18-23 days and integrated into a company's hardware and systems. The software monitors transactions for potential fraud, reimburses losses, and saves companies money compared to separate antivirus and insurance costs. It is targeted at large companies with significant financial transactions and assets to protect.

1. iSpy India Pvt. Ltd.
(ELECTRONIC INSURANCE)
Submitted To: Prof. Swati Shukla
Submitted By: Jatin Mittal
Anugreh Kumar
Ishan Bhasin

2. Introduction of the Sector
 Information technology (IT) is a branch of knowledge concerned with the development,
management, and use of computer-based information systems. In its initial modern sense,
during its inception, it was named so because in all accuracy it was the best provided
understood term to patent the work undertaken.
 India, being a knowledge hub in the IT and ITES sectors have until now given
employment to around 9 million people, spanning horizons of profit scorching over 100
billion dollar revenue, catalyzing the Indian economy to new leaps and bounds.
 Naturally as the IT sectors of the world are on constant increment, there arises constant
need to upgrade existing technology and invent novel ones. At this juncture, the newly
formed ISPY industries have calculatedly studied the cyber market, and collaborated and
reinvented both the antivirus and insurance sectors, dealing directly or indirectly with IT
portals and the functionality of superior technologies.
 It is called the ‘Electronic Insurance’

3. Introduction of Product
 As the name Electronic Insurance implies, it is a redesigned branch of software
engineering designed to capacitate both the advantages of a competitive antivirus
software, as well as the beneficiaries of a hefty insurance policy.
 Therefore, for modern companies today, which deal with the stress of being
technologically equipped with information, as well as secure encrypted monetary assets,
a revolutionized collaboration of both antivirus and insurance is almost essential.
 Thus the concept of ‘One software does it all’ is the created product of ISPY industries to
add a sophisticated convenience to companies of a higher requirement of professionalism.

4.  Now to cure the ambiguity of how an antivirus software actually detects a virus. It
has three phases:
1. Signature scan
2. Heuristic scan
3. Rootkit detection
4. Real time protection
ISPY industries has compiled together a fifth virus detection software, called the Trojan
Mirror. Trojan mirror allows access of 1% of a virus willingly, traps it, decodes it, creates an
encryption coded exactly like the virus and sends it back to the source, leaving the sender in
automatic destruction.

5. Process of Installation
 The customer gets in contact with the ISPY industry and confirms their interest and
participation in the product
 An agent is then sent with an ‘Electronic Bracelet’, which is similar to a bank vault but
for delicate information.
 Once the shipment has arrived, the agent organizes the set up of the control room with the
help of the technical staff available. This process takes around 18-23 days.
 The requisite software is installed into the entire systems internal hardware.

6. What the Electronic Insurance does
 In hindsight, the electronic insurance is said to nullify the turbulence of suggestively
volatile stock markets.
 Basic Functionality: As aforementioned, the primary personality of the electronic
insurance is to detect any devious penetrating pirate from entering and accessing any
information that is supposed to be concealed from the general public.
 Bad Debt Tracker: This is the punchline marketing component of the software which
makes it untouchable to any competition. It involves systematic data collection and
analysis into folders, namely profitable transactions, idle transactions, reasonless
transactions and malicious transactions.
 Insurance: This is the specialization of the software, for any information lost, stolen,
misrepresented or manipulated which comes under the consideration of the supervision of
the electronic insurance as per the deal finalized by the company and market, will be fully
and dutifully reimbursed by the ISPY industries.

7. Data collection and analysis
 The main competitors in this sector of the industry are the various antivirus softwares that
currently protect the computech management of the multi national corporations of the
world, as well as the computers for domestic use.
 The electronic insurance does not cater to the domestic circuit and deals only with
companies with financial regulations. It is not a simple cd-rom that is inserted and
installed, it is a structure of complex coding framework, built-in to the hardware of the
computer.

8. Benefits of our Product
 Taking for example firm X, which has a total monetary transaction of 100 crores in a
year. At least 45 lakh is spent on software updates and safety regulations of money, etc.
Still there are always abnormal losses ranging from 1-25 lakh.
 After installing the electronic insurance, the company will have to pay only 20 lakh a
year, and completely forget any hassles or formalities about their transactions.
 With the bad debt tracker, the company is also alerted about any potential fraudulent
deals and alerts the management personnel and subsequently freezes the assets.

9. Cost Analysis
 The initial capital required to establish the technical hardware and programming
softwares was around 12 million USD, and the working costs per organization would be
approximately 32% of the revenue earned by them.
 Depending on the size of the organization, the control room for the software would be set
up, therefore if a company requiring managing and protection of assets of 100 crore, to
set up the necessary technicalities would be anywhere between 65-90 lakh, depending on
the strength and frequency of the monetary transactions made.
 If the organization is handling more monetary transactions, then their establishment cost
would be higher than that of a company which requires more of safety of information.

10. IT Exports
 The following is a chart on the amount of IT
exports made in a year which amount for
currently 69.1 billion USD.
 This is expected to increase the total exports
as the net value of monetary transaction
undertaken by all these firms is an
approximate overall of 169 billion USD.
 Indian export increment of approximately
0.367 %, and the industry is expected to grow
at a steady rate of 4% per annum

11. Conclusion
 The electronic insurance is all set and ready to revolutionize the Indian IT sector and
responsible for the 15% estimated growth of export growth in FY 2012-13, in comparison
to 9.4% growth in FY 2011-12.
 ISPY industries has created pie charts based on the balance sheets of financial reports of
all major companies which have requested a demonstration. A trained employee will be
sent to each company and provide a presentation.
 ISPY forms the middle-man connection and in turn saves major insurance hassles and
downpayments on credit and financial electronic transactions.
 The product invented by ISPY industries proves that entertaining brilliance and
innovation can be critical to the improvement of business and commercial standards of
sophistication.