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?

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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
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problem
otherwise
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situations will deteriorate.
Firstly
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, cyber laws will alleviate the situation and reduce the number of
crimes
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. 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
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is the lack of proper laws. Criminally minded
people
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will think twice before committing ill acts because of the fear of punishment.
For instance
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, since when India implemented regulations related to cybercrimes, these acts have been reduced at a tremendous rate.
Therefore
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, laws and orders are helpful in controlling these
crimes
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.
Secondly
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,
people
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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
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. Old
people
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are more prone to
such
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crimes
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because they are less tech-savvy. They are not aware of the repercussions of sharing passwords and secret pins to others.
For example
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, some
people
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are looting old
people
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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
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.
Hence
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, proper knowledge among the
people
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and civilians will help them to understand the factors and educate them to save them from
such
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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.
Submitted by Priya on

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