A recent study, titled as 'Crime Online: Cybercrime and Illegal Innovation', by researchers at the University of Brighton has claimed that India is growing fast to become a major hub of cyber crime.

The research has concluded that cyber crime in India has been increased manifold in recent years. Large numbers of call centers and recession are considered as the main factors responsible for increase in cyber crime rate. 

The report primarily focuses on financial cyber crime, particularly frauds related to credit card and hacking of IDs. In recent years, cases of financial cybercrime have been raised significantly. It is also expected that the crime rate will pick a pace with further growth of communications technology and reaches regions of the world with many underemployed poor people with  IT skills who can make the most of cybercrime opportunities.

Professor Howard Rush, who has lead the study said that Russia, China and Brazil are world leaders in cybercrime, with India emerging fast to compete. But still US and Europe based companies are heavily moving towards India, Brazil, Russia and Eastern Europe for IT functions and software development tasks to cash their good IT skills at lower wages.

According to study, cybercriminal activity rate is still less in India as compared to other emerging economies, but in recent years there has been a vast increase, which has featured India as a major cyber crime hub in near future.