can reduce the fraud by proper security

We can reduce the fraud by proper security and privacy of accounts through a specific patterns of internet. We can say that if we want to transfer money from one account to another account through internet is possible if you can hack the accounts of people.

bank frauds at higher level

The bank frauds are also the disadvantages of internet. People can transfer the money from one account to another account through internet by hacking the accounts. It means that the bank frauds at higher level are because of internet usage.