Main Determinant Factors of Cyber Crime – A Case Study for Online Business in Punjab

Abstract

In modern society, the role of IT information and computer systems in the use of the Internet is essential and well-recognised. Many businesses from small to big get benefited from the development of networking and cyberspace to prevent cybercrime. This kind of development in Punjab concerning unethical activity online creates legal issues. Cybercrimes impact the many businesses by damaging their customers' data and operating systems online and also hamper the financial condition of the company. Such incidents lead to significant reputational damage and large-scale cyber-attacks on the company's brand equity in the trading market. As a result, it reduces the institutional trust drop in the market value. Therefore, cybercrime in India constantly rising and many businesses increase the cyber security costs to handle this unfortunate situation and reduce fraud cases. The study covers the cyber security determinants and how it affects business in Punjab. The research study shaded light on the ways in which the company can prevent this cybercrime during their online business operation.