Emerging Trends of Online and Digital Frauds and Impact on Financial Management and Performance of the Corporate World

Abstract

This assignment represents the rising internet fraud and its impact on E-Commerce businesses. Online fraud has been growing ever since that technical innovation, along with internet penetration, has risen, resulting in a lack of faith among customers towards their favourite e-commerce sites. According to Levi & Smith (2022), The increasing internet and cyber fraud have made it very difficult for buyers to completely rely on online shopping sites since there is always a chance of fraudulent activity.The following research carries out the quantitative approach to distribute the following given data collection respondents and has presented those financial crimes and their success contributes directly. Customers' reception has been attracted by multiples theft of identities and unauthorised use of papers. This allows the high possibility of online fraud due to the requirement of reporting online. Rising internet frauds made customers conscious of their safety while making a purchase online. This overall has affected the economies of many countries in a negative way since, with the help of growing technology; e-commerce has become an important part of a flourishing economy in any country.