The internet would not be as big as it is today if there were no rules governing information that makes up for e-commerce transactions as many organizations work through the internet. (Manohar, et al, 2021). E-commerce websites continue to get affected by fraud despite the extensive efforts made by different stakeholders such as banks, card issuers, and merchants. Promotional discounts are offered by e-commerce websites for retaining new and existing customers. However, in several cases, such discounts are abused by fraudsters through the internet. For example, in banks, people pay loans via mobile phones and also do transactions through the internet. If the internet is not secure, most transactions could not take place and this would lead to poor bank performance which can also lead to closure.