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

The invention of the internet has led to dramatic changes in the way information is shared and distributed.
This
system has given rise to the problem of cybercrimes as many people are now using the internet for financial transactions.
This
essay shall explore and discuss some of the measures to combat
this
problem. Nowadays, people have started sharing sensitive data on various online platforms for making payments.
This
lead to cyber security breaches and thousands of dollars are stolen by the hackers in few seconds,
therefore
; substantial changes should be brought into the system to save our data.
First
of all, the web applications and websites who provide the facility of online money transfer should take the responsibility to secure the data of their customers. To do
this
, they should install robust anti-hacking software to cease the unauthorised access of the information.
Besides
this
, payment companies
such
as PayPal and Google Pay should keep a separate department whose job is to do data surveillance, and inform the higher authorities in case of security lapse.
In addition
to
this
, the government should implement strict rules regarding online robberies. As
this
is a novel crime, they have not yet set proper criminal and penal codes for these types of crimes.
Furthermore
, cyber security awareness campaigns should be initiated in the public and make them vigilant regarding online frauds as several incidents have been reported where people gave sensitive personal details
such
as OTP, and ATM code to the strangers unknowingly and become victims of online thefts. In conclusion,
although
the problem of the internet crimes is not insurmountable, I believe that it is the responsibility of both the government and the payment companies to solve
this
issue. They should work together by considering some of the solutions proposed above to put a stop to these crimes.
Submitted by ashi.rajput39 on

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Answer the 'Problem and Solution' topic

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  • Introduction
  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

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  • One of the first problems of the...
  • Another problem that needs to be considered...
  • A possible solution to this problem would be...
  • One immediate practical solution is to...

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