The aim of this paper is to present the Crime is both a social and economic phenomenon. It is as old as human society. Many ancient books right from pre-historic days, and mythological stories have spoken about crimes committed by individuals be it against another individual like ordinary theft and burglary or against the nation like spying, treason etc. Crime in any form adversely affects all the members of the society. In developing economies, cyber-crime has increased at rapid strides, due to the rapid diffusion of the Internet and the digitization of economic activities.