Technology has revolutionized the way we do financial transactions, but at the same time, it has also exposed us to cyber fraud. As technology progresses, cybercriminals have also evolved their fraud mechanisms to take advantage of hapless customers. According to the Indian Cyber Crime Coordination Centre (I4C), an average of 7,000 cybercrime complaints were registered per day in May 2024 and 85 per cent of them were financial online frauds.