White collar crimes are on rise across the globe. The main feature of white collor crimes is that they are financially motivated, nonviolent in nature and are generally committed for illegal monetary gain.
Cyber crime has become an important part of white collor crimes these days. Through cyber crimes money of gigantic proportions can be misappropriated that also with least risk. Further, due to lack of cyber awareness, cyber crimes are committed very successfully and most of the time the financial losses occurred due to the same is irreversible.
According to Praveen Dalal, managing partner of Perry4Law and CEO of PTLB, with the introduction and use of Hidden Internet and Deep Web white collor crimes have taken a new shape. The Law Enforcement Technologies and methodologies are still struggling to deal with basic level Cyber Crimes and highly sophisticated Cyber Crimes are still not within the reach of Law Enforcement Agencies.
The global consensus in this regard is shifting towards use of technology to fight cross border crimes and cyber crimes. The use of technology to fight drugs, human trafficking and illicit networks has already been proposed be few thought it outcome is yet to be seen.