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CYBER RESILIENCE – The only way out to counter cyber crime and threats

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CYBER RESILIENCE – The only way out to counter cyber crime and threats

Let us look at the events shaping the future of omnipresent Internet led world.

The year 2014 saw some of the world's largest institutions fall prey to cybercrime - JP Morgan Chase, Sony, AT&T, eBay, Google, Apple, Dairy Queen International, Domino's Pizza and half of the South Korean population!

Hackers are now targeting cars, planes, ships, trains, medical devices, eWallets and even CCTV cameras and baby monitors.

2015 began with reports of an international hacking ring that has stolen $1 billion from more than 100 banks in 30 countries.

Earlier this year, Frost & Sullivan estimated that in order to meet the current demand for cybersecurity professionals, the global workforce need to generate an additional 1.5 million cybersecurity professionals within the next five years.

…and so on.

What does this point to?

That we are living in a digital age and dynamic environment where internet and its ubiquitous influence in our day-to-day life cannot be denied or avoided; and if we want to live in safe & the secure world around us we need to embrace & learn the digital technology.

That brings us to the part LEARN – WHAT & HOW?

The WHAT part is answered in understanding – The internet of things, vulnerabilities of cyber-physical systems, the latest cybersecurity science and technology, online privacy, bitcoins, encryption, digital forensics, the cloud etc.

The HOW part was answered in wider scope at recently held C4 – CONFERENCE ON CYBERCRIME CONTROL, Mumbai 27-28 July 2015 organized jointly by Cyber Crime Wing Mumbai Police, Home Dept. Government of Maharashtra, IIT Bombay & Asian School Of Cyber Laws.

Director of IIT Bombay Devang Kakkar, Director General of Anti-Corruption Bureau Pravin Dixit, Rohas Nagpal – President – Asian School of Cyber Laws, Maharastra CM Devendra Fadnavis, State Additional Chief Secretary (Home Department) K P Bakshi, and Mumbai Police Commissioner Rakesh Maria were among those who attended C4 event.

The conference drew submissions from academia, government enforcement agencies, and industry presenting novel research on all practical and theoretical aspects of cyber crime control & security. It provided key forum for researchers, enforcement agencies and industry practitioners to exchange information regarding advancements in the state of art and practice of cyber crime control & security.

Collaboration Online Investigation Network (COIN) is the world’s first ever interactive platform empowering the law-enforcement agencies in India as well as across globe to tackle cyber crime and other cases involving digital evidence. Designed & developed by Mr. Rohas Nagal – President Asian School Of Cyber Laws & team, COIN was launched by Maharashtra Chief Minister Devendra Fadnavis at the event.

Mr. Devendra Fadnavis said the growing menace of CYBER-CRIME could only be tackled by improving law enforcement and justice delivery systems. “Only by developing digital capabilities can we get to the root of the problem. This is why every government is trying to be digitally capable under the nationwide launch of DIGITAL INDIA INITIATIVE by PM Mr. Narendra Modi”, said Fadnavis.

Commissioner of Mumbai police Mr. Rakesh Maria said that the police needs to build their “OWN ECOSYSTEM” to counter cyber criminals. “From nerdy teenagers who hack email addresses and passwords, we are now countering well-organized cyber crime groups. We are required to think and out-maneuver them now. There is a need to standardize the process of investigating crime as the approach is entirely different,” Maria said.

Kishore Jagtap (CEO, Ebiz-Eximius Inc & core organizing committee member of C4) sharing thoughts on Cyber Crime Control & Security with young delegates at the C4 - Conference on Cyber Crime Control in Mumbai.

Listing out a few pointers on how COIN will aid the police investigate cyber crimes, Mr. Rakesh Maria said that a suspect tracker of cyber criminals made by a unique algorithm, will help trace and record such criminals and also case files stored and updated on COIN that officers could refer to.“COIN will enable us to search for suspect email addresses, websites, IP addresses, people, organizations and even modus operandi,” Mr. Rakesh Maria said.

The Academia touched upon important issues regarding Virtual Currency/ Money – Bitcoin. How today Bitcoin is a store of value, tomorrow it will be a payment mechanism, and in the near future it will be a unit of account. What are the legal and regulatory implications of this new type of money? What are the issues Bitcoin companies face as the industry expands?

The Industry presented practical and theoretical aspects – some of them are mentioned below:

  1. Impact of Big data and cloud computing on the global cyber crime scenario
  2. Ecommerce & Banks perspective on cyber crime
  3. Cyber warfare
  4. Cyber crime a global perspective

Day by day personal & business information is becoming ubiquitous, valuable, or available and there is significant growth in such information created, stored, processed and transmitted into digital form on open and globally interconnected technology platforms. Simultaneously criminals are pursuing unfair financial gain through fraud and identity theft; competitors steal intellectual property or disrupt business to grab competitive advantage; “hacktivists” pierce online firewalls to make political statements etc. Most of the time damage done is the result of an inadequate response to a breach rather than the breach itself. The desire and willingness to shift focus from cyber crime control towards cyber resilience is the need of the hour.

Hackers do not believe in clean room. When it comes to information security no one is exempted. Therefore one should learn to adept and coexist with the cyber threats. Let’s keep on fighting…

Kishore Jagtap

IIM | business strategist | brand & marketing analyst | digital marketeer | entrepreneur | cyber law enthusiast |