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ARTICLE · 23 DECEMBER 2021

Combating Internet Fraud In The Digital Era

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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The rapid expansion and use of the internet, the digitalisation of almost every available piece of information on the planet.

CyprusTechnology

The rapid expansion and use of the internet, the digitalisation of almost every available piece of information on the planet, as well as the enormous increase in the volume of transactions taking place electronically on a daily basis during the last two decades, have also brought about an increase in internet fraud cases. The term 'internet fraud' generally covers cybercrime activity that takes place over the internet or via email, including crimes like phishing, impersonation, credit card and identification theft, and other hacking activities designed to swindle people or businesses out of money.

The online dependency of businesses and people worldwide is creating new opportunities for cybercriminals. According to Interpol officials, since the pandemic outbreak, cybercriminals have been developing and boosting their attacks at an alarming pace. Nowadays, the internet has become one of the most popular tools used to commit fraud. Internet scams that target

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