Online frauds are increasing in India

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Online Frauds

For every four members one person is subjected to this financial online fraud in Indians.

Now a day’s digital transactions are increasing day by day. The no. of Indians who will do digital transactions is also increasing. As it is increasing the no. Of deceived also increasing heavily, revealed the International financial information agency, Experian in its recent report. This agency conducted a survey through 10 Asian pacific countries like Australia, China, Hong Kong, India, Indonesia, Japan, New Zealand, Singapore, Thailand, Vietnam and generated a report along with another international agency IDC.

According to this survey for every 4 members of Indians one per son is subjected to this digital fraud. Over 24% of Indians are becoming the victims of these online transactions.

It is reported that around 57% of frauds are in telecom field. Next stood banks [54%] and retail agencies [46%] Half of the Indians are sharing their online transaction particulars with banks without any objection. Whereas branded retail field stood persistent to share their details. Only 30% are revealing their data particulars.

Over 65% are willing to pay on mobile transactions.

To access different services over 51% of people are revealing their personal information.
Electronics, Travelling and Marketing agencies are collecting the data particulars of consumer. There is always a scope per frauds in these fields.

India stood first in digital transactions in Asia-Pacific countries 90% of people who took part in the survey is declared that they are utilizing this digital services.

India stood 4th in giving wrong information while doing online transactions.

Online frauds are increasing in India

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