What is Cyber Crime and How to Protect Yourself?

Cybercrime involves criminal activities targeting or utilizing computers, computer networks, or interconnected devices. Most often, cybercriminals or hackers engage in these activities to gain financial profit. However, there are instances where cybercrime is motivated by non-financial reasons, such as political or personal agendas. Perpetrators of cybercrime can operate individually or as part of organized groups. They vary widely in expertise, from highly skilled individuals employing advanced techniques to inexperienced novices exploring hacking methods.

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Types of Cyber Crimes

Cybercrime remains a persistent and evolving threat. While many associate it primarily with hackers stealing financial information, the reality is more complex. Beyond financial theft, there are numerous other concerns to consider. Each year brings new and diverse cyber threats, highlighting the need for vigilance and proactive security measures. Here's a brief overview of different types of cybercrime:

  1. Email and Internet Fraud: Deceptive schemes conducted via email or online platforms to deceive individuals into disclosing sensitive information or making financial transfers.
  2. Identity Fraud: Theft and misuse of personal information, such as Social Security numbers or bank account details, for financial gain or other malicious purposes.
  3. Theft of Financial or Card Payment Data: Unauthorized access to financial information, including credit card details, for illicit transactions or identity theft.
  4. Theft and Sale of Corporate Data: Breaching corporate networks to steal sensitive business information that can be sold or exploited for competitive advantage.
  5. Cyberextortion: Threatening organizations or individuals with damaging actions unless a ransom is paid, often involving threats of data leaks or network disruption.
  6. Ransomware Attacks: Malware that encrypts files on a victim's system, demanding payment (usually in cryptocurrency) for decryption and restoration of access.
  7. Cryptojacking: Illegally using someone else's computer or network resources to mine cryptocurrency without permission, draining system resources.
  8. Cyberespionage: Covertly accessing and stealing classified or sensitive government or corporate information for strategic or competitive advantage.
  9. Interfering with Systems: Unauthorized access or tampering with computer systems or networks, potentially disrupting operations or compromising data integrity.
  10. Infringing Copyright: Illegally reproducing, distributing, or selling copyrighted material online without permission from the copyright holder.
  11. Illegal Gambling: Operating or participating in online gambling activities that violate local laws and regulations.
  12. Selling Illegal Items Online: Using online platforms to sell prohibited or illegal goods and substances, circumventing legal restrictions.
  13. Child Pornography: Soliciting, producing, distributing, or possessing images or videos depicting child sexual abuse, a severe criminal offense with severe legal penalties.

Each of these cybercrimes poses significant threats to individuals, businesses, and society, highlighting the critical need for robust cybersecurity measures and awareness.

How do Cyber Criminals Conduct Cyber Attack?

  1. Criminal actions targeting computers through viruses and malware.
  2. Criminal activities using computers to facilitate other illegal acts. 

In the first category, cybercriminals infect computers with malware to disrupt operations, steal or delete data, or execute Denial-of-Service (DoS) attacks, preventing access to websites or networks. The second category involves using computers or networks to distribute illegal content like malware, illicit information, or unlawful images. 

Often, cybercriminals engage in both types simultaneously, infecting computers to propagate malware and using compromised systems for further criminal activities. Some legal systems also recognize a third category where computers are used as tools in the commission of traditional crimes, such as storing stolen data.

How to Protect Yourself from Cybercrime?

There are different ways to protect yourself from cyber crime. To safeguard yourself from cyber attacks, start by ensuring your devices and software are always up-to-date with the latest security patches. Use strong passwords for each of your accounts and enable two-factor authentication whenever possible. Be cautious of phishing emails and suspicious links that may lead to malware infections. 

Utilize reputable antivirus and anti-malware software to detect and block threats. Avoid connecting to unsecured public Wi-Fi networks without using a virtual private network (VPN) for encryption. Lastly, educate yourself about common cyber threats and maintain regular backups of your important data to mitigate potential damage from attacks. Apart from this you can also purchase cyber insurance policy. It won’t protect you from getting attacked but it will provide financial coverage for the specified perils in the policy copy post cyber attack.


Cybercrime poses a multifaceted threat, encompassing various malicious activities targeting individuals, businesses, and institutions worldwide. From financial fraud and identity theft to sophisticated cyber espionage and ransomware attacks, the landscape of cyber threats continues to evolve rapidly. It's crucial for everyone to remain vigilant, adopt robust cybersecurity practices, and stay informed about emerging threats. By implementing proactive measures such as updating software, using strong passwords, and educating oneself about online safety, individuals can significantly enhance their defences against cyber attacks and protect their digital assets and privacy effectively.

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Policybazaar for Business - Cyber Insurance - Customer Reviews
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Based on 47 reviews
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4.3 October 11, 2022
Aarti Singh
Knowledegable Team
The representatives at PolicyBazaar were knowledgeable, patient and genuinely committed to helping me find the best insurance policy for my requirements. They took the time to answer all my questions and provide valuable guidance, ensuring that I had a thorough understanding of the coverage details and terms. THANKS.
4.3 October 06, 2022
Quick And Hassle Free
After seeing a rise in cyber attacks in many of the companies, i decided to purchase a cyber insurance policy for my start up. I went on the Policy Bazaar website and learned about the coverage in detail and purchased it from their website only. It was quick and hassle-free purchase.
4.5 October 04, 2022
Paperless Process
We bought the contractual liability insurance from policybazaar and received the best overall package. The process was paperless as we applied for insurance online and the support was amazing.
4.5 October 03, 2022
Extensive Coverage
We thoroughly checked all the benefits and features and decided to buy a contractual liability policy from Policybazaar. It provides all the necessary features to safeguard our business against any loss.
4.5 October 02, 2022
Easy To Buy
It was easy to buy insurance from Policybazaar and customer support was also amazing to clear all the doubts. Contractual liability insurance is essential for my business and I could not get a better deal than this.
4.5 October 01, 2022
Easy Plan Comparision
An ideal Contractual Liability Insurance policy purchased to protect our business that we ecounter in our everyday operations. Policybazaar offers a platform to compare multiple plans.
4.5 September 30, 2022
No Broker And Paper Work
Great experience at Policybazaar. We did not know that buying Contractual Liability Insurance could be that easy. Also there is no broker and paperwork.
4.8 September 29, 2022
Perfect Insurance Coverage
I purchased Contractual Liability Insurance from Policybazaar and the coverage they provided is perfect to keep my hardware business safe various unforeseen instances.
New Delhi
4.5 March 18, 2022
Cloud Storage Cover
I wanted to purchase a cyber insurance policy could provide coverage for the data stored in cloud network. I went on the Policybazaar website and look up for plans that would provide me with this coverage. I compared different plans and in a matter of minutes i found the right cyber insurance plan that would fit my requirement.
4.5 March 17, 2022
Good User Interface
I was looking for a cyber insurance policy online. After looking for the insurance plan online I landed on the Policybazaar website. Trust me, the user interface of the website is so good that i was able to locate the cyber insurance plan and purchase it in not more than 10 minutes. Thanks Policybazaar.