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

Cybercrime is a major issue worldwide. Financial frauds are increasing globally with the use of the internet. Strict regulations and public awareness are must combat

this

problem

otherwise

situations will deteriorate.

Firstly

, cyber laws will alleviate the situation and reduce the number of

crimes

. These will decide the penalty and imprisonment for criminals. The major reason

behind

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for

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the rising number of

crimes

is the lack of proper laws. Criminally minded

people

will think twice before committing ill acts because of the fear of punishment.

For instance

, since when India implemented regulations related to cybercrimes, these acts have been reduced at a tremendous rate.

Therefore

, laws and orders are helpful in controlling these

crimes

.

Secondly

,

people

are less aware of financial security on the internet. They often share passwords and do not change it frequently which is an open invitation for

crimes

. Old

people

are more prone to

such

crimes

because they are less tech-savvy. They are not aware of the repercussions of sharing passwords and secret pins to others.

For example

, some

people

are looting old

people

by asking their secret pins through fake calls. If the general public is completely aware of these practices and changing passwords, these will reduce fraud financial

crimes

.

Hence

, proper knowledge among the

people

and civilians will help them to understand the factors and educate them to save them from

such

frauds. In conclusion, controlling internet monetary frauds is crucial to boost the economy. Strict government guidelines and programs to share knowledge among common citizens can be helpful to decrease fake transactions.