Operational Aspects of Cyber Crimes | Fraud Risk Management in Cyber Tech | PAPER II – PRINCIPLES & PRACTICES OF BANKING | MODULE C: BANKING TECHNOLOGY
Operational Aspects of Cyber Crimes/Fraud Risk Management in Cyber Tech Operational Aspects of Cyber Crimes/Fraud Risk Management in Cyber Tech Cyber Crimes are illegal activities conducted through digital means, such as the internet or computer networks. These can range from data breaches and identity theft to phishing and malware attacks. As the world becomes more digitized, the operational aspects of cybercrime prevention and fraud risk management are crucial for ensuring the security and integrity of information systems. Fraud vs Crime In the context of cyber security: Fraud : Refers to deliberate deception for financial gain or personal advantage, such as credit card fraud, online scams, and phishing attacks. Crime : A broader term encompassing illegal actions, including cyber crimes such as hacking, cyber espionage, and denial-of-service attacks. Phases of an Effective Incident Response Plan ...