The Department of Government and Public Administration at LPU organised an important webinar on Cyber Crime in India and its Socio-economic Consequences where renowned academician and columnist from Logistics Division, Ministry of Commerce & Industry (Government of India) Dr Sameer Shekhar was the resource person.
A Post-Doctoral Fellow at Indian Institute of Foreign Trade (IIFT), Dr Shekhar explored the relevance and relationship of cybersecurity and threats thereupon. While talking about different modes of cyber-attacks/crimes and its socio-economic consequences, he advised webinar participants to be more vigilant, especially during the current pandemic phase.
Providing an overview of cybercrime scenarios in the country, expert Dr Shekhar elaborated various dimensions of cyber-attack by citing examples of countries including the USA, Germany, China, Russia, Mexico and others. He discussed the major impact of cyber-attacks, and also suggested effective measures to avoid these with special reference to e-mail safety and virus warnings.
For him, cybercrime is an evolution of traditional crime, and has a direct impact on economic growth, innovation and investment. Worth mentioning, the economic impact of cybercrime is significant and rising. Cyber-attacks are becoming easier to carry out while defences remain inadequate. Businesses need to take the economic impact of cybercrime more seriously, with the cost of cybercrime is now up to a big part of the global gross domestic product (GDP). This happens due to easy availability of cybercrime tools; rapid adoption of new technologies by cyber criminals; expanding number of cybercrime centres; and, also the growing cleverness of top-tier cyber criminals.