Although cybercriminal activity remained low in India compared with other emerging economies, the report says that "there has been a leap in cybercrime in recent years".
Reported cases of cases of spam, hacking and fraud have multiplied 50-fold from 2004 to 2007, it claims.
"One recent report ranked India in 2008 as the fourteenth country in the world hosting phishing websites. Additionally, the booming of call centres in India has generated a niche for cybercriminal activity in harvesting data," the report maintained.
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