Black Hats: A Major Threat to Your Finances
Sunidhi Joshi, Sourabh Kumar Singh, Amarnath Mishra · Apple Academic Press eBooks · 2023
Nowadays, criminal approaches have changed from an age-old to a new digitalized method, but somewhere people are not much aware of it. The reason behind the commission of such crimes is the motive, and the intention of the individual. The only aspect on which the investigator need to focus is whether the commission is for legal purpose or illegal purpose. We are using digital means for every possible thing; hence it is necessary to know about this emerging type of cybercrime, that is financial cybercrime, as it has a direct impact on the finance of an individual, institution, or organization. Sometimes it becomes very difficult to even trace the offender of the crime as the person doing this is also a part of the organization who knows the loopholes or the vulnerabilities of the structures. In computer-related crimes, the victim, suspect, and target are the computer itself. The main motive of the criminal is either to defame someone or to get personal profit. In computer-related crimes, there are many tools, techniques, and measures that can help 266 in retrieving data, the functionality of different software, and preventing hacking, virus attacks, and ransomware, with which digital forensics is not limited here has many more applications as well. Many technologies and measures can help in preventing such crimes. This chapter mainly deals with financial cybercrime and how with time, it has taken a turn and gets transformed into a heinous act. We studied the type of criminals, and how one can be a victim, and in the end, we studied how an individual can prevent himself/herself from this heinous crime and some case studies that reside in the category of financial cybercrime.