Online trading is done using computers to create , transmit and to store information in the electronic form instead of traditional proper documents.With the increase of online trading perpetration of several crimes that affect person's property also increased enormously.
The crimes which affect the individual's property include :
Intellectual Property Crimes : Intellectual property consists of a bundle of rights.An unlawful act which deprives the rights of owner either completely or partially is an offence.The offences which violate the IPR of an individual includes software piracy, infringement of copyright , trademark, patents , designs and services marl violation. theft of computer source code, etc.
Cyber Squatting : It is also known as domain squatting, it is registering, trafficking in , or using a domain name with bad intent to profit from the goodwill of a trademark belonging to someone else. The cyber squatter offers to sell the domain to the person or company who own a trademark contained within the name at an inflated price.
For example two similar names i.e. www.yahoo.com and www.yaahoo.com.
Cyber Vandalism : Vandalism is intentionally destroying or damaging property of another.Thus Cyber vandalism means destroying or damaging the data when a network service is stopped or disrupted.It may include within its purview any kind of physical harm done to the computer of any person.These act may take the form of the theft of a computer, some part of a computer or a peripheral attached to the computer.
Hacking Computer System : Hacking is unauthorized access/ control over the computer.Hacking causes loss to data as well as computer.Hacking does not always intent for financial gain or to diminish the reputation of particular person or company.
Transmitting Virus : Viruses are programs that attach themselves to a computer or a file and then circulate themselves to other files and to other computers on a network.They usually affect the data on a computer, either by altering or deleting it. Worm attacks play major role is affecting the computer system of the individuals.
Cyber Trespass : It means to access someone's computer without the right authorization of the owner and does not disturb, alter, misuse, or damage data or system by using wireless internet connection.
Internet Time Thefts : Basically, Internet time theft comes under hacking. It is the use by an unauthorized person, of the Internet hours paid for by anther person.The person who gets access to someone else's ISP user ID and password, either by hacking or by gaining access to it by illegal means, uses it to access the internet without the other person's knowledge. You can identify time theft if your Internet time has to be recharged often,despite infrequent usage.