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Effect Cyber crimes on Business

• “Any criminal activity that uses a computer either as an instrumentality.Definitions of Cyber Crime: • "It is a criminal activity committed on the internet. target or a means for perpetuating further crimes which come within the range of cyber crime” . This is a broad term that describes everything from electronic cracking to denial of service attacks that cause electronic commerce sites to lose money".

Reasons for Cyber crimes: • Capacity to store data in comparatively small space • Easy to access • Complex • Negligence • Loss of evidence .

Types of Cyber Crime • Hacking • Spoofing • Denial of Services • Phishing Attack • Cyber Stalking • Virus Dissemination .

.Hacking Hacking in simple terms means illegal intrusion into a computer system without the permission of the computer owner/user.

• If electronic transactions are not secured the credit card numbers can be stolen by the hackers who can misuse this card by impersonating the credit card owner NET EXTORTION • Copying the company's confidential data in order to extort said company for huge amount. PHISHING • It is technique of pulling out confidential information from the bank/financial institutional account holders by deceptive means .CREDIT CARD FRAUD • You simply have to type credit card number into www page off the vendor for online transaction.

Actual login page .

com] Sent: 08 June 2004 03:25 To: XYZ Subject: Official information from ***** Bank Dear valued ***** Bank Customer! For security purposes your account has been randomly chosen for*****bank.Phishing email From: *****Bank [mailto: support@****Bank. Thank Please click on the link below to get to the bank secure page and verify your account details. https://infinity. To verify your account information we are asking you to provide us with all the data we are requesting.jsp******Bank Limited . Otherwise we will not be able to verify your identity and access to your account will be denied.

Deceptive login page .

XVII OF 1996 AN Act to provide for re-organization of telecommunication system .LAWS OF CYBER CRIME IN PAKISTAN • Act No. the 3Ist December 2007 • Pakistan‟s cyber crime bill pass in 2007 . • LAW APROVED IN 2002 related to cyber crime • MINISTRY OF LAW JUSTICE AND HUMAN RIGHTS Islamabad.

5 million. • The bank also handles treasury transactions for the Govt.1. . of Pakistan as agent to State Bank of Pakistan. subscribed and paid-up capital in year 2009 was Rs. Authorized Capital Authorized capital of National Bank of Pakistan in 2009 was Rs.46 Billion. Subscribed. 1949. SHARE CAPITAL – – – Issued Capital • • • The bank was setup with an issued capital of Rs.National Bank Pakistan • National Bank of Pakistan was established under the National Bank of Pakistan ordinance 1949 and it came into existence on November 20. and Paid-up Capital Issued. Issued.1.Its main aim was to provide all types of banking services to the government and private sector.5 Billion.2.

7 billion Rupees. Islamic Accounting Principles and regulations of Institute of Chartered Accountants of Pakistan . • It has assets of 350 Billion Rupees • 5. It follows the International Accounting Principles .Brief Introduction of the Organization Business Volume • Non Interest based income shows impressive increase of about 3. • Administrative expenses increase by 25 % due to training facilities development. • Credit rating maintained at AAA by JCR Credit Rating Agency.

Support Image Huge Assets Large Number of Govt.SWOT Analysis STRENGTHS • • • • • • Financial Strength High Percentage of Gross Profit Large number of Branches Govt. Deposits Weakness • Less attention to rural development • Poor Advertisement • Poor Network • Pirated Software • 1 link ATM‟s. Deposits Ignoring Customers Needs Untrained Staff hurting the image Opportunities • • • Sponsor the IT based Projects Good Will & Better Image Growth in the industrial sector . No security Threats • • • • • Retail Banking Overload Financing Cost of New Projects Focusing only on Govt.

and getting complete command over the ATM system of the NBP . one of them retired. • The bank had also sought the help of the FIA to determine how the gang had been misusing a couple of “zero-balance” accounts of two employees of another bank.NBP ATM Fraud • The National Bank of Pakistan (NBP) on Friday 14 March 2009 unilaterally suspended its One-Link service with 14 other banks after finding out that a cyber gang had withdrawn millions of rupees from its different branches through automated-teller machines (ATMs) by cracking the PIN codes and hardware security modules.

• bank‟s management had detected „cyber theft‟ of over Rs3 million from its ATMs in Multan and Lahore in recent weeks. an employee of the Lahore branch of the other bank. the bank management found that the same group had withdrawn another over Rs8 million from the NBP‟s ATM in Punjab just over the last weekend. . one of the 14 banks sharing the ATM service with NBP. • But it was surprised to find similar cases unfolding in its branches operating in the industrial belt of Punjab in Sialkot. Gujranwala and Lahore. • After following the transactions.• Police arrested Amir Abbas.

• Only 10 % of cases are reported. • Strong actions against criminals.Recommendation & Conclusion Conclusion • We do have Cyber crime law but unfortunately its not implemented like other laws. • Workshops & seminars to prevail awareness. • Internet is not being widely used in country except large cities. Recommendations • Implementation of law should be compulsory. • Lack of awareness about the law. • Tight Security. • Confusion about cyber crime & frauds. • Install Anti virus & anti spam softwares .