Of the three surveyed sectors, Indian retail merchants experience higher incidents of frauds
The arrest comes after police froze the company's bank accounts and sealed its office at Noida Sector-2
The task force has also sealed the bank accounts of the company
Police arrested Maninder, a resident of Tilak Nagar in Delhi, and Gulshan, a native of Punjab
Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud
The value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year
The study revealed that 85 per cent of India's Internet users are familiar with the term 'Internet Scam'