Legal Remedies for Financial Loss Due to Online Fraud
The more digital banking and shopping options become available, the more online fraud plagues the Indian marketplace. Online Banking Fraud, as it is known, can lose customers’ money as a result of phishing, identity theft, fraudulent purchases and investments, and unauthorised UPI and card transactions. Indian cyber fraud law provides Online Banking Fraud victims with a variety of legal remedies, including a criminal remedy, a regulatory remedy, and a civil remedy. Cyber lawyers help the victims understand the legal justice system and the remedies available. Understanding Online Financial Fraud Online financial fraud is any deliberate act to defraud an individual through digital means, resulting in financial loss. The following are common forms of online financial fraud: ● Social engineering via messages or emails ● Bank phishing or e-banking fraud schemes or apps ● ...