CYBER CRIMES AND FRAUD MANAGEMENT :

Technological revolutions both in communication and information technology have changed the way of doing business. In today’s changed and changing environment electronic commerce and electronic banking has become an integral part of customers as well as bankers. On account of e-commerce and e- banking distances of locations have reduced and many international financial markets have been linked. While it can be appreciated that the computers have become an integral part of one’s life, it has also created space for cyber crimes. In view of the fast changing world on account of significant contribution of the IT sector, the cyber crimes pose a significant threat. Cyber crimes are usually carried out by the criminals with technical knowledge and can outstrip and think one step ahead to penetrate into the computers to carry out the crimes.