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This paper explores the different insider employee-led cyber frauds (IECF) based on the recent large-scale fraud events of prominent Indian banking institutions. Examining the different types of fraud and appropriate control measures will protect the banking industry from fraudsters. In this study, we identify and classify Cyber Fraud (CF), map the severity of the fraud on a scale of priority, test the mitigation effectiveness, and propose optimal mitigation measures. The identification and classification of CF losses were based on a literature review and focus group discussions with risk and vigilance officers and cyber cell experts. The CF was analyzed using secondary data. We predicted and prioritized CF based on machine learning-derived Random Forest (RF). An efficient fraud mitigation model was developed based on an offender-victim-centric approach. Mitigation is advised both before and after fraud occurs. Through the findings of this research, banks and fraud investigators can prevent CF by detecting it quickly and controlling it on time. This study proposes a structured, sustainable CF mitigation plan that protects banks, employees, regulators, customers, and the economy, thus saving time, resources, and money. Further, these mitigation measures will improve the reputation of the Indian banking industry and ensure its survival. [ABSTRACT FROM AUTHOR]

There are great interests of designing research metrics and indices to measure the research impacts in research institutes. Unfortunately, most of those indices ignore critical design issues, e.g. the disparity between domains, the impact of journals or conferences in which papers are published, normalising the range of the index values to certain intervals, and the scalability of using the index to rank different research entities. In this paper, a new normalised fuzzy index, (NFindex), is proposed as a fuzzy-based research impact metric. The proposed index is a scalable index whose values are normalised to the percentage levels. NFindex achieves both inter-discipline normalisation and intra-discipline consistency. The capability of NFindex to achieve the inter-discipline normalisation enables fair comparison between different research domains regardless their nature in terms of influence and contribution to other research areas, e.g. natural science. Therefore, NFindex gives a universal normalised single-number metric that can be used by research institutes to solve the problem of inter-discipline scholar ranking. Moreover, it can help universal ranking of universities and research institutes according to their research capabilities and impacts. The obtained results, on diverse research areas, prove the potential of NFindex in terms of both intra-discipline consistency and inter-discipline normalisation. [ABSTRACT FROM AUTHOR]