The internet is conceivably today's most compelling innovative development as well as it proceeds to change everyday life for almost everyone globally. Billions of individuals are plugged into the internet, in addition to thousands additional enter the online world each day. Cybercrime's pace globally is on a high rise. It is an offense that is even harder to identify and resolve as compared to traditional crimes. The respective work which has been carried out regarding the very notion of cybercrime has its significance in helping as well as exploring this dilemma via a multifaceted as well as contemporaneous approach. Authors intention is to critically analyze the multifaceted dimensions of cybercrime with respect to encompassing issues. This work can serve as a valuable resource with regards to contemporary approaches to cybercrime.