A senior Delhi police officer said that business e-mail compromise is one of the most common cyber-crime.
A webinar was organized by the Ph.D. Chamber of Commerce and Industry. In the webinar, Anyesh Roy, Deputy commissioner of police (Cyber) said that the small and medium level enterprises are more affected by the business e-mail compromise.
Roy said that the email accounts of those persons who deal with company accounts and financial transactions are generally compromised by the fraudsters. An email account is created by them which has similarities with the accounts of the company or the client. They generally start interacting with both the parties by coming in between them. On some pretext, the destination of the financial transaction is changed by them. After this, the money goes to the account of the fraudster.
Roy also added that the email account of a person through which he/she sends financial transactions and invoices to the clients should be protected.
The officer also said that whenever one receives any instruction from the client regarding change of payment destination, the same should be confirmed by alternate means, such as phone calls, text, etc.
Those organizations which have a large turn-over should turn to use their own domain rather than using the free e-mail services. Such organizations should also have an e-mail service that is properly hosted.
Ransomware is a different type of cybercrime; it is a type of malicious software that blocks access to a computer system until an amount is paid. Roy said that one can be saved from this kind of fraud by using backup clouds and locking systems.
He also said that a cyber-crime is remarkably similar to any other crime. A cyber-crime can be reported at any police station or the office of the DCP. A complaint can also be registered through an e-mail also. Since the cyber crimes are happening digitally, therefore shreds of evidence can be destroyed very easily. Hence, it is necessary that the victim must capture a screenshot and provide it to the police along with their complaint.