Financial fraud is a major concern in most of the countries.
, identical frauds augment the financial crime, which creates
for the masses.
essay will not only highlight the problems associated with
issue, but
present effects of it in the enlisted paragraphs.
Apparently, the prominent cause of
trend is an online
service.
is because of the invent of the internet, people often used online
methods for shoppings and bills that makes
process more convenient. For
reason, individuals, financial details are interlinked with their bank account, which can be hacked by fraudsters.
, the identity thefts hack the transaction details from the internet. According to the recent survey has been conducted by the Cyber Security Branch of Delhi reveals the cyber crimes increase from 35% to 65% in the
three decades, due to online
methods. Another specific reason, unsafe internet connection.
, people use different websites for their purposes and they fill personal information
as name, address or email ID that creates
for them.
,
can easily get information from email, which does not have anti protection for it and
lead a serious issue for individuals.
, online
methods and a unprotected website lead to financial fraud.
There are detrimental effects that victims
.
and foremost issue is financial problems. To explain
, sufferers underwent in many financial crisis, which has a negative impact
their
life stylea manner of living that reflects the person's values and attitudes
. Along with
, debts and lone problems arise in their life, which creates conflict in the family.
, many people keep their home or car for sales to pay back the loan.
,
crime has a harmful effect on the victim's mind. To explain in detail, people
depression and anxiety because of financial crisis, which leads
of mental illnesses. Owing to
they sometimes they commit suicide or offences crime
as murder or shoplifting.
, suffered
instability in their life and at the same time they
the trauma.
In conclusion, identity theft problems are tremendously increasing in many nations. Because of advance technology and corrupted websites, fetch all personal information about the person, and
has a colossal impact on the person's
lifelifea crease on the palm; its length is said by palmists to indicate how long you will live
.
, some precautionary steps must take
individuals.