The increase has cyber crime has put everybody on alert starting from the regulatory authorities, stakeholders to the crime bureaus of the nation.

The most important thing that is required now is constant exchange of information between the stakeholders to curb the towering pace of the menace, said speakers at a conference on `Digital Technology in Crime Investigation' organized in Hyderabad.

The conference had representatives of several government and private agencies, along with Crime Investigation Department (CID), Central Bureau of Investigation (CBI), Computer Emergency Response Team (CERT), Telecom Regulatory Authority of India (Trai), Reserve Bank of India (RBI), NTRO, Futuristic Technologies and I2 Technologies.

According to additional DG CID A Sivanarayana, digital technology has gained priority in all kinds of crime investigation.

CBI assistant director (Interpol) R S Panwar spoke on how difficult it is to secure information regarding cyber crimes from foreign nations.

"In majority of cyber crimes, the offender's IP address gets traced to some foreign countries. But the US, the UK, New Zealand, Australia and several other countries want us to approach only through Letters Rogatory to provide details of any IP addresses. That takes a lot of time and hampers investigation," the CBI official said.

RBI general manager (GM), department of banking supervision, Hyderabad, Rosemary Sebastian opined on strict adherence to Know your Customer (KYC) norms.

"Such things are happening due to lack of constant supervision of the account holder's details by the bank. We advise banks to strictly adhere to KYC guidelines otherwise disciplinary action will be taken against them," he said.