A Review of Online Financial Transaction Fraud Cybercrime in India: A Survey-Based Analysis

The proliferation of online financial transactions in India has been accompanied by a surge in cybercrime, particularly fraud targeting digital payment systems. This research paper presents a comprehensive review of the landscape of online financial transaction fraud in India, utilizing a survey-based approach to understand the prevalence, types, and impacts of this growing threat. The paper analyzes existing literature on cybercrime in India, explores the legal and regulatory frameworks in place to combat fraud, and presents findings from a primary survey conducted among Indian online financial transaction users. The research aims to identify key vulnerabilities, assess the effectiveness of current security measures, and propose recommendations for enhancing the resilience of the Indian financial ecosystem against online fraud. This doctoral-level research contributes to a deeper understanding of the challenges posed by online financial transaction fraud and offers insights for policymakers, financial institutions, and individuals to mitigate the risks associated with digital payments.