Lets accept that with electronic commerce the fraudster is likely to get upper hand sometimes. Due to large Indian presence in IT/BPO industry used by global financing firms it is likely that more frauds will come from India. Remember India is third most curropt country in the world.
Also sadly Indian society judges the moral character of a person by his personal life...if he/she had pre-marital sex, fling outside marriage, his daughter is sleeping with someone, child outside wedlock. In India its perfectly OK to earn your living thru publicly curropt means as long as you follow the right norms in wedlock. Most Indians have a habit of lambasting the west from their (flawed) moral eyes so the low ethics in business/profession propogate
