In present days, online shopping is more preferable than offline shopping as it saves time and aids the person to avoid standing in long queues to get their required products.
However online shopping has few drawbacks and advantages. According to a survey it was stated more than 8.1 million people fall victim to the phishing attacks that place over the internet and banks accounts of more than 1.6 million households were hacked.
Social networking site like face book is often used for online purchase and it is estimated that more than 194,350,000 face book users don’t have idea about the privacy control of the site and how to set a password. Online fraud is growing at quick pace and 70% of phishing attacks are done by targeting the web portals of universities and banks.