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T 2nd In Country In Getting Back Cyber Crime Money | Hyderabad News | #cybercrime | #computerhacker

Hyderabad: Telangana stood second behind Gujarat in the country in recovery of money with cyber crime victims from the state getting back 131 crore lost money, while victims from Gujarat reporting a recovery of 157 crore.However, cyber experts said the loss is way too high and many cyber crime victims lack awareness on lodging complaints with the right forum. Victims from Telangana also reported the second highest losses of cyber crime with around 70,000 complaints being filed. Union minister of state, home, Ajay Kumar Mishra, in a reply in Lok Sabha on Tuesday, said the Indian Cybercrime Coordination Centre (I4C) has seven joint cyber coordination teams for Hyderabad, Visakhapatnam, Mewat, Jamtara, Ahmedabad, Chandigarh, and Guwahati to keep an eye on cyber crime hotspots and to enhance coordination among the law enforcement agencies. “Under I4C, Citizen Financial Cyber Fraud Reporting and Management System was launched for immediate reporting of financial frauds and to stop siphoning off funds by fraudsters. Since the launch of the system, 1,200 crore has been saved in more than 4.7 lakh complaints,” Mishra said. He also said a toll-free helpline number (1930) has been operationalised to get assistance in lodging online cyber complaints.Cyber security expert Pendyala Krishna Shastry said a lot of cyber crime victims do not report loss of money. “What is reported, is only a tip of the iceberg. A comprehensive framework with various stakeholders like telecom and police departments and RBI should be in place with cyber security awareness as a proactive measure,” he told TOI.According to MHA, more than 3.2 lakh SIM cards and 49,000 IMEIs, as reported by police authorities, have been blocked by the government of India.Shruti Mantri, associate director, Institute of Data Science, Indian School of Business, said during the recent assembly elections in Telangana, cyber criminals, posing as officials, stole KYC documents and sensitive information from several victims. “Cyber criminals, under the pretext of briefing policy benefits, gather bank accounts details from unsuspecting victims. Post-pandemic, IT industry has witnessed a significant growth in its human capital. Consequently, a tech-savvy community has emerged, who are fast becoming victims of cyber crime. Govt, law enforcement authorities and Election Commission should make people more aware about cyber frauds,” she said.


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