It is of no doubt that, today's technological advancement had made instant accessibility to global data of least complexity. This gave rise to massive merits , but in the otherhand this also accompanied threatening outcomes. To clarify further , the impact on human psyche and financial condition will be outlined To sum it up , cutting edge technology today had ushered merits but at the same time it came hand in hand with serious problems. Hence , it is evident that this will be a hectic dilemma to deal with in coming times.