Efforts need to be taken at all levels – enforcement agencies, government institutions, corporations and the Internet users themselves – to curb this rising menace.
Online frauds of every hue and color have been on the rise since the past decade. As internet has permeated far-flung rural areas, the evil of cyber crimes has followed. A 2016 multi-market survey conducted by the Telenor Group, Norway, reveals that in India, despite 85% of internet users being aware of the term ‘internet fraud/scam’, at least a third have been a victim of it and 57% know a friend or family member who has met the same fate. The amount of money stolen through online frauds from Indian victims is by far the highest, out of all surveyed countries. ‘Lottery scams’ have claimed about a quarter of those surveyed; 17% fell for ‘identity theft scams’; ‘shopping scams’ attracted widespread media attention with e-commerce websites such as Shopclues, Amazon, Flipkart and ebay facing legal action for allegedly selling (or enabling the selling of) counterfeit products ranging from speakers to sarees; however, as per the survey, the most common online fraud in India is the “work-from-home” or online employment fraud, laying claim to 39% victims.
This story is from the November - December 2016 edition of IP ERA.
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This story is from the November - December 2016 edition of IP ERA.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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