CYBER CRIMES IN FINANCIAL ACTIVITIES

Author – AYUSH B. GURAV, STUDENT at ILS LAW COLLEGE, PUNE

Best Citation – AYUSH B. GURAV, CYBER CRIMES IN FINANCIAL ACTIVITIES, ILE Consumer Protection Law and Review, 1 (1) of 2023, Pg. 51-50, ISBN – 978-81-961120-4-2.

Abstract

Cyberlaw as a discipline continues to keep on developing at a very rapid pace. New advances in technology require new legal interpretations which have to be not just in sync with the requirements of the times but which must also mirror the aspirations, hopes and expectations of the users. In the present Article it contains a detail list of various kinds of financial cybercrimes committed through the means of Computer network and Internet by the fraudsters.

There are various types of Cyber Crimes which are directly related to financial or monetary gains by illegal means, to achieve this end, the fraudsters in the cyber world use different techniques and schemes i.e., Modus Operandi to befooled other users on the Internet. Some of the cases of online fraud and cheating that have come to light are credit card crimes, online auction frauds, online investment schemes, phishing, digital forgery, offering job and other financial related cybercrimes which are covered under this Article.

The subject matter of cybercrime is so vast and fathomless and changing with such astonishing speed that it baffles imaginations and is not very easy to comprehend and grasp it. However, a humble attempt is made in this Article to analyze Cybercrimes in financial activities in relation to the Indian legal framework for Cyber Law regime, along with the relevant case laws.

Keywords- Cybercrime, Financial Cybercrime, Cyber Law, IT Act, IPC, Internet Frauds, Online Fraudsters.