Cybercrime has taken on the mantle of being the biggest security threat to global information systems of the 21^st century. With an increasing number of utilities, services and businesses connecting themselves to online platforms, the number of systems that are potentially under threat of becoming cybercrime targets is increasing by the day. Recent spates of cyber attacks such as the WannaCry and NotPetya have shown how easily important business processes and public utility systems can fall prey to such nefarious acts of digital felony. According to the latest estimates by thebestvpn.com, ransomware alone is slated to cost businesses to the tune of $11.5 billion in 2019. Furthermore, the costs of damage caused by cybercrime cannot be measured in terms of money alone. Cybercrime has far reaching consequences that go beyond mere monetary considerations. The loss of private data, breach of personal and privileged information as well as leak of sensitive records may snowball into global security risks. As a result, it becomes a matter of prime importance that such heinous attacks are nipped in the bud.