Internet crime is increasing rapidly as more and more people are using the internet to make financial transactions. What can be done to tackle this problem ?

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The invention of the internet has led to dramatic changes in the way information is shared and distributed.
This
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system has introduced a big problem of cybercrimes as many people are now making online financial transactions.
This
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essay shall explore and discuss some of the measures to combat
this
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problem.
First
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of all, people have started sharing sensitive data on various online platforms for making payments.
This
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lead to online security breaches and hackers misuse
this
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information to steal thousands of dollars in few seconds.
Furthermore
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, there are several incidents have been reported where people gave sensitive personal details
such
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as OTP, and ATM code to the strangers unknowingly and become victims of online thefts.
Consequently
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,
this
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has become a big issue now, and substantial changes should be brought into the system to save our data, and only
then
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we can think of putting a stop on the internet crimes.
To begin
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with, the web applications and websites who provide the facility of online money transfer should be responsible for the data of their customers. To do
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, they should install robust anti-hacking software to cease the unauthorised access of the information.
Moreover
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, they should keep a separate department whose job is to do data surveillance, and inform the higher authorities in case of security lapse.
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, the government should implement strict rules regarding online robberies as
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is a novel crime and authorities have not yet set a proper criminal code for the cyber criminals. In conclusion,
although
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the problem of the internet crimes is not insurmountable, I believe that it is the responsibility of both the government and the payment companies. They should work together to solve
this
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issue by considering some of the solutions proposed above.
Submitted by ashi.rajput39 on

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