Cyber Crimes Alone Cost India 24,630 Cr in 2013: Report


NEW DELHI: Cyber crimes have cost India a whopping about 24,630 crore ($4 billion) in 2013 alone as criminals used sophisticated means, says a Delhi High Court-commissioned report.

"Internet frauds alone have cost India a whopping $4 billion(about 24,630 crore) in 2013 as cyber criminals are using more sophisticated means like ransomware and spear-phishing," the report said.

The facts figure in a report submitted by Surinder S Rathi, additional district judge and OSD to Delhi Legal Service Authority (DLSA), before the court in pursuance of a direction that a comprehensive study be conducted on various issues including the cost incurred in running the criminal justice system.

The bench of justices Gita Mittal and J R Midha, which is yet to pronounce the quantum of sentence to three convicts including Vikas Yadav in the 2002 Nitish Katara murder case, had also asked DLSA to compute the cost incurred in the trial of this case, besides determining the compensation paying capacity of the convicts.

However, the reports gives no further details of cyber crime stalking the country.

Dealing with other crimes in the chapter, of 'Cost of Criminal Justice System', the report, quoting from the National Crime Records Bureau data, said that in 2013, as many as 66.40 lakh criminal complaints were received by the police stations across the nation.

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Source: PTI