A dramatic change has taken place in the world of commercial and industrial activities due to a revolutionary communication method that evolved and which is known as Information Technology. It is a boon to society and more so for the manufacturing and trading sections. Information technology has economically reduced the cost of management as well as the cost of repetitive production systems wherever mass production is in vogue. Apart from that with the advent and spread of new technology, new terms and phrases have been added in the dictionary of the commercial and financial world such as internet, cybercrime, dot-com, e-mail, paperless business, electronic documents, digital signatures, ransomware, computer network, encryption, asymmetric cryptosystem, backup, data, database, e-commerce, hard copy, media, web site, password, public key infrastructure/PKI, server, bugs, virus, web browser, advertising on the web, domain names and its registration, hackers, crackers, etc., A new discipline of study connecting the information technology and criminology has been evolved, called as ‘Cyber Criminology’. This new field talks about the threat of corruption and destruction of digital information with the help of various types of programs such as viruses, Trojans, Worms, and logic bombs. This new field of study introduces new concepts to be adopted for the purpose of protecting the legal rights of parties, introducing laws of privacy, and various compliance standards and benchmarks on digital transactions referred by the impact of International Laws. The purpose of this article is to analyze the evolution of the new discipline of study, ‘cyber criminology’.