Union Home Minister Rajnath Singh on Wednesday urged for better co-ordination of investigating agencies in tackling cyber crime and terror-related probes even as he cautioned about the radicalisation of youth through the social media by various groups.
He was speaking at a two-day Asia-Pacific regional conference of the International Association of Chiefs of Police (IACP) on “Challenges to Policing in 2020- How is Cyber Space shaping our approach to Cyber crime & Terrorism, how do we perform within it and take advantage of it”.
“I am afraid, cyber attacks would occur very often. Tools already exist to mount cyber attacks and they will be improving over the next decade. We have already witnessed an increase in the number and severity of such attacks,” he said.
Singh said cyber crime has become an industry and many cyber crimes-related tools and techniques are being offered as services. Even novice criminal with limited investments of money can afford to have such services at his disposal.
“The increase in digitisation of the financial services with inadequate attention to setting up of robust process, controls and monitoring mechanisms has given new age fraudsters the opportunity to exploit these gaps leading to new types of financial crimes,” said Home Minister.