Author – Vikas Kumar Nishad, Student at Amity University, Lucknow
Co-Author – Dr. Jyotsna Singh, Assistant Professor at Amity University, Lucknow
ABSTRACT
Cyber fraud has emerged as a significant threat in the digital era, affecting individuals, businesses, and governments globally. As online transactions and digital interactions increase, so do the risks associated with cybercrimes such as identity theft, phishing, financial fraud, and ransomware attacks. This research paper explores the concept of cyber fraud, its various forms, and the growing need for awareness to mitigate its impact. It examines the legal frameworks in place to combat cyber fraud, both at the national and international levels, analyzing their effectiveness in addressing the challenges posed by cybercriminal activities.
The study delves into the preventive measures that are necessary for enhancing cyber fraud awareness among individuals, businesses, and regulatory authorities. Governments and law enforcement agencies play a crucial role in enforcing cyber laws and implementing cybersecurity policies, but their efforts must be complemented by proactive measures taken by financial institutions, corporations, and individuals. This paper highlights the importance of education, digital literacy, and technological advancements in tackling cyber fraud, focusing on how artificial intelligence, blockchain, and cybersecurity tools contribute to fraud prevention.
Despite the existence of legal frameworks, cyber fraud remains a complex issue due to jurisdictional challenges, cybercriminals’ anonymity, and rapid technological advancements. The research identifies key challenges in investigation and prosecution, emphasizing the need for a more coordinated global response. A comparative analysis of cyber fraud laws in different jurisdictions sheds light on the strengths and weaknesses of various legal approaches, offering insights into best practices adopted worldwide.
To enhance cyber fraud awareness, this paper recommends a multi-faceted approach, including stronger legal enforcement, public awareness campaigns, and cross-border cooperation. It advocates for a balance between technological innovation and legal regulation to ensure that cybersecurity measures are both effective and adaptable to emerging threats. The study concludes by underscoring the necessity of continuous research and policy development in the fight against cyber fraud, emphasizing that awareness and legal preparedness are key to safeguarding digital assets and ensuring a secure cyberspace.
Keywords: Cyber Fraud, Digital, Cyber Crimes, Cybercriminals, Innovations.
