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Cyber Fraud: 46% of cyber fraud in India stems from Southeast Asia | India News | #cybercrime | #computerhacker


NEW DELHI: Jamtara and Mewat have been upstaged as hotspots of financial cyber fraud in India, with 46% of defrauded money now bring lost to cybercrimes originating in southeast Asian countries such as Cambodia, Myanmar and Laos.
I4C and state law enforcement agencies have cracked down on some of these illegal recruitment agents. The foreign ministry has so far facilitated the return of 360 Indians trapped in these cybercrime units, with 60 more due to return from Cambodia soon.
According to Kumar, Rs 1,420 crore was lost to 62,587 investment scams, Rs 222 crore to 20,043 trading scams, Rs 120 crore to 4,600 digital arrest scams and Rs 13 crore to 1,725 romance/dating scams, all originating from southeast Asia between Jan and April this year.Last year, more than one lakh investment scams originating from the region were reported on Indian national cybercrime reporting portal and 10,000 FIRs registered.

Large number of Chinese known to work in cybercrime hubs: I4C chief
Not ruling out China’s involvement in these scams, the Indian Cyber Crime Coordination Centre (I4C) chief said that a large number of Chinese people were known to work in these scam hubs and many of the suspected apps used for to defraud people are in Chinese language.
Amid an overall increase in big ticket frauds reported in 2024, with over six lakh complaints involving a total amount of Rs 7,061 crore received on the national cybercrime reporting portal, I4C has intervened to save Rs 812.7 crore from being defrauded.

Move over Jamtara & Mewat, SE Asia new hotspot of cyber frauds in India.

Collaboration between I4C and law enforcement agencies has helped debit-freeze 3.2 lakh mule accounts in last four months, get more than 3,000 URLs and 595 apps blocked under Information Technology Act, 5.3 lakh SIM cards and over 80,000 IMEI numbers suspended since July 2023. Also, there have been 3,401 cases of unlawful content being taken down from social media, websites and WhatsApp in last two months.
Indians who are lured to southeast Asia’s organised cybercrime factories with fake jobs advertised by illegal recruiters – detected in states like Andhra Pradesh, Tamil Nadu, Odisha and Delhi – are pushed into defrauding unsuspecting victims in India through social media advertisements and messaging promising quick financial gains on their investments or through gaming, digital arrests where the cyber offenders pose as as a law enforcement personnel; or romance, dating scams. “These gangs work in an organised manner, from scam compounds… many of them were linked to casinos earlier,” said Kumar.
The illicit gains from these cybercrime activities originating in southeast Asia are laundered through sophisticated financial channels including Indian bank accounts, cryptocurrency transactions, cash withdrawals, etc, he added.
In May this year, Visakhapatnam cybercrime police had arrested three illegal recruitment agents who were sending gullible youth to Cambodia.

Capture

Similar arrests were carried out in Odisha. Ministry of external affairs has been working with Phnom Penh to rescue the Indians trapped in these compounds and get them home.
Govt had earlier this month set up an inter-ministerial committee comprising various law enforcement and intelligence agencies to tackle the “spurt” in transnational organised cyber crimes being launched against Indians from southeast Asian countries.



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