Process of Online Fraud Reduction in This Current Online Era

Dr Lova Baliji 1 , Abdul Hafaz Ngah2

TJAEE 2022 May; 1(2): 21–27. Published online 2022 May

Abstract :Introduction: Online fraud cases have progressively risen in recent years, and as more people are using digital technology every day, it is obvious that the number of fraud cases will rise sharply in the future. Digital platforms and media usage expanded dramatically around the time of Covid 19, which led to a surge in online fraud cases all across the world. Numerous international organisations said that the sheer amount of fraud attempts had overwhelmed them, and at that particular moment, many fraud risks had advanced significantly in sophistication. Aim: To understand the process of online fraud reduction in this current era. Materials and methods: The methodology for the research has been finished and essential components including primary data sources surveys and interviews have been used. This important study has used primary data methodologies, including techniques for acquiring both qualitative and quantitative data. The positivist research philosophy was used to perform further aspects of the inquiry in this research paper. Results: From the survey analysis it has been identified that on average all the 50 respondents who are selected for the survey supported that yes over the period the number of online fraud cases has reduced where many effective online fraud reduction processes have played a major role in the long term. Conclusion: In many regions of the world today, hundreds of internet fraud instances are recorded every day, and many large corporations face the threat of financial fraud. To gather a non-biased perspective for a thorough study on this subject, there were numerous surveys in which people were asked various types of questions about their opinions on the subject.

Keyword : Customer authentication, data warehouse, digital world, online era, online fraud reduction process, online fraud.

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