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Cybercrime: Know how the nexus of South East Asian cybercrooks duped thousands of Indians

Cybercrime: Know how the nexus of South East Asian cybercrooks duped thousands of Indians
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cybercrime: Mumbai man loses Rs 1 07 crore in trading scam; Here s how Indians lost Rs 1,750 cr in just four months

A 48-year-old man from Navi Mumbai lost Rs 1.07 crore in a share trading scam, highlighting a broader surge in cybercrime in India. The Indian Cybercrime Coordination Centre (I4C) reported 20,043 trading scam cases amounting to Rs 14,204.83 crore between January and April 2024. Fraudsters often use call spoofing and impersonate officials to deceive victims. The government has responded by freezing bank accounts and blocking SIM cards to protect potential victims.

Cybercrime surge in India: Over 7,000 daily complaints in 2024

India is grappling with a significant surge in cybercrime, registering an average of more than 7,000 complaints per day up to May this year so far.

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