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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]

The rapid growth of electric vehicles in India necessitates more power to energize such vehicles. Furthermore, the transport industry emits greenhouse gases, particularly SO2, CO2. The national grid has to supply an enormous amount of power on a daily basis due to the surplus power required to charge these electric vehicles. This paper presents the various hybrid energy system configurations to meet the power requirements of the electric vehicle charging station (EVCS) situated in the northwest region of Delhi, India. The three configurations are: (a) solar photovoltaic/diesel generator/battery-based EVCS, (b) solar photovoltaic/battery-based EVCS, and (c) grid-and-solar photovoltaic-based EVCS. The meta-heuristic techniques are implemented to analyze the technological, financial, and environmental feasibility of the three possible configurations. The optimization algorithm intends to reduce the total net present cost and levelized cost of energy while keeping the value of lack of power supply probability within limits. To confirm the solution quality obtained using modified salp swarm algorithm (MSSA), the popularly used HOMER software, salp swarm algorithm (SSA), and the gray wolf optimization are applied to the same problem, and their outcomes are equated to those attained by the MSSA. MSSA exhibits superior accuracy and robustness based on simulation outcomes. The MSSA performs much better in terms of computation time followed by the SSA and gray wolf optimization. MSSA results in reduced levelized cost of energy values in all three configurations, i.e., USD 0.482/kWh, USD 0.684/kWh, and USD 0.119/kWh in configurations 1, 2, and 3, respectively. Our findings will be useful for researchers in determining the best method for the sizing of energy system components. [ABSTRACT FROM AUTHOR]