Cyber Fraud Threatening Digital India User

Abstract

The bulk of people now use the internet for their daily transactions. The number of internet users has increased dramatically, as have cybercrime rates. Cybercrime is defined as any crime committed utilizing a computer or a network. The threat of cybercrime is a constant and growing reality in both the private and professional sectors. With the advent of the internet, old crimes have taken on new forms. Cyber fraud is a big global concern, with India experiencing comparable problems. This issue has two main dimensions: technology exploitation and psychological manipulation. Cybercriminals expertly mix technological technology with psychological methods to fool people, frequently resulting in significant financial losses. Vulnerable people, particularly those with mental health issues, are commonly targeted by fraudsters who use their anxious emotions, worries, and sadness to trap them in fraudulent schemes. Cyber fraud victims come from a variety of socioeconomic levels, including both educated and unskilled folks. Fraudsters use cutting-edge technology and sophisticated psychological techniques to fool their victims, while many victims struggle to understand the quickly changing technological world and novel social engineering strategies. As cybercriminals become more sophisticated, stakeholders (financial institutions, law enforcement agencies, and consumers) must take a proactive and coordinated strategy to effectively address cyber fraud. The danger of cybercrime can be considerably lowered by improving cybersecurity measures, raising public awareness, and encouraging collaboration among relevant entities. Furthermore, understanding the psychological components that contribute to victimization can help build more effective preventative efforts.