Protection from cybercrime: Cyber frauds – A new-age reality

Today, the online ecosystem has become an integral part of our lives, with a lot of dependence on the digital space. Covid-19 became a catalyst for increasing our reliance on the internet. But at the same time, Covid-19 also pushed in new users to the cyberspace without sensitising them about cybersecurity ramifications of what they did in the digital domain.

The Golden Age of cybercrime has emerged after the advent of Covid-19. During this time, online financial frauds became the de-facto norm. Today, online financial frauds have evolved into various avatars. These new kinds of frauds such as phishing and identity theft are being used to target naive internet users and potentially deprive people of their hard-earned money.