This study aimed to investigate the victimized persons who suffer in online loan application. In the victimization, statements were created containing specific questions based on the online loan apps related and what are consequences faced the victim from the culprit. A total of 78 samples taken, 36 samples are not willing to give their data, 7 samples are unfinished by the respondent, and 35 perfect samples taken in Chennai city. It will show that the respondents are hugely affected by high interest and psychologically. Most of the victims are applying loan from online app, because of less documentation work and easily get amount. But the culprits are use dignity as a weapon and threatening those persons by porno morphing, defamation words, stealing personal information of the person etc. The result is very few peoples only given a police complaint, but the justice is in still zero count. Rest of peoples are didn’t give a police complaint because they’ll think about their dignity and shamefulness of himself.
Contents of the Table
1. INRODUCTION
1.1 Introduction
1.2 Internet
1.3 Cyber crime
1.4 Cyber criminals & Hackers
1.5 Instant Loan Apps
1.6 Loan App fraudsters
1.7 Loan App Victims
1.8 Laws against Cyber frauds
2. REVIEW OF LITERATURE
3. RESEARCH METHODOLOGY
3.1 Statement of the Study
3.2 Objectives
3.3 Nature of Research Design
3.4 Universe of the Study
3.5 Sample
3.6 Sample Size
3.7 Sampling Techniques
3.8 Data Collection
3.9 Duration of the Study
4. RESULTS AND DISCUSSIONS
5. MAJOR FINDINS, SUGGESTIONS AND CONCLUTIONS
5.1 Major Findings
5.2 Suggestions
5.3 Conclusions
Research Objectives and Themes
This study aims to analyze the prevalence of online loan application fraud in Chennai, specifically focusing on the socio-economic impact on victims, the methods used by fraudulent actors to deceive users, and the effectiveness of law enforcement interventions in these cases.
- Analysis of mental stress and the impact caused by loan app victimizations.
- Examination of the socio-economic background of the affected respondents.
- Evaluation of police response and support toward victims of cyber fraud.
- Identification of common fraud markers and victimization patterns.
Excerpt from the Book
1.3 Cyber Crime:
Cyber crimes or digital crimes or computer crimes are committed in cyberspace. It means any illicit activity that happens in the virtual computer world and specifically is an electronic medium that is used to form a global computer network to facilitate online communication.
The root word of cyberspace is “cybernetics”. Its origin from the Ancient Greek κυβερνητική meaning steersman. The word was introduced by Norbert Wiener for electronic communication and control science.
1.3.1 Cybercrime is classified into many types are:
x Web attacks
x SQL injections
x Cross-site scripting
x DDoS attacks
x Dos attacks
x Porno morphing
x Password attacks
x Eavesdropping
x Brute-force and dictionary network attacks
x Insider threats
x Man-in-the-middle attacks
x AI-powered attacks
x Drive-by attacks
x Phishing attacks
Summary of Chapters
1. INRODUCTION: This chapter provides an overview of the growth of the internet, the emergence of cybercrime as a global threat, and the specific rise of predatory online loan applications.
2. REVIEW OF LITERATURE: This section compiles existing research on digital transaction security, online banking fraud, and the legal challenges associated with transnational cyber fraud.
3. RESEARCH METHODOLOGY: This portion details the quantitative research design, sampling techniques, and data collection tools used to survey victims of loan app fraud in Chennai.
4. RESULTS AND DISCUSSIONS: This main body presents the data collected from the respondents, analyzing demographics, experiences of victimization, and interactions with law enforcement through detailed tables and graphs.
5. MAJOR FINDINS, SUGGESTIONS AND CONCLUTIONS: This final section outlines the key takeaways from the study, provides recommendations for public awareness and regulatory changes, and summarizes the final conclusions.
Keywords
Cybercrime, Online Loan Apps, Victimization, Fraudsters, Cyber Security, Chennai, Digital Lending, Data Theft, Harassment, Police Complaint, Financial Fraud, Social Engineering, Personal Information, Cyber Fraud, Digital Awareness.
Frequently Asked Questions
What is the primary focus of this dissertation?
The research focuses on the growing problem of victimization through unauthorized online loan applications in Chennai, examining the methods scammers use and the impact on victims' well-being.
What are the central themes of this work?
The primary themes include the vulnerability of internet users, the technical and psychological tactics used by cybercriminals, and the systemic challenges victims face when seeking justice.
What is the core research objective?
The core objective is to analyze the mental stress and socio-economic impact of online loan app victimization while evaluating the current approach of police toward such complaints.
Which research methodology was utilized?
The research employed a quantitative methodology based on a personal distribution questionnaire (PDQ) administered to 35 victims in Chennai, using per cent analysis for data interpretation.
What is covered in the main body of the work?
The main body examines demographic profiles, the specific types of victimization (e.g., high interest, personal data theft), and the respondents' experiences with police reporting or their reasons for avoiding it.
Which keywords best characterize the study?
Key terms include Cybercrime, Online Loan Apps, Victimization, Financial Fraud, Digital Lending, Cyber Security, and Personal Data Theft.
Why are many victims hesitant to approach the police?
The study indicates that many victims avoid reporting to the police due to concerns about their personal dignity, shame, or a lack of trust that their grievances will be resolved.
What unique conclusion does the author reach regarding justice?
A notable conclusion of this study is that, among the surveyed group, there was a complete lack of successful outcomes, meaning no respondents reported obtaining justice for their victimization.
- Arbeit zitieren
- Bharath Ravichandran (Autor:in), 2023, Victimization of Online Loan App Frauds in Chennai City, München, GRIN Verlag, https://www.grin.com/document/1376523
