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Telangana Citizens Lose ₹3.3cr to Cyber Frauds Daily for 5 Weeks | Hyderabad News | #cybercrime | #computerhacker


HYDERABAD: People of Telangana lost a whopping 150 crore to cyber frauds in just over a month, which averages over 3.3 crore per day.

Around 11,000 complaints have been received by cybercrime and other police stations across the state between Jan 1, 2024 and Feb 8, accounting to a loss of around 150 crore. Of this, 22 crore was put on hold by the Telangana State Cyber Security Bureau (TSCSB). This is 15% of the total amount lost by the people and will be refunded after a due process in the respective courts.

Among such cases where fraudsters loot people under the guise of fraudulent schemes, investment offers among others were a techie from Serilingampally who lost 60 lakh in a task-based fraud, where she was lured by fraudsters promising high returns on liking videos on social media.

In another case, a youngster with Masters in finance lost around 40 crore in a trading fraud, where he was lured by high investment returns through online apps.

TSCSB director Shikha Goel said, “Criminals are coming up with new modus operandi everyday. A majority of such crimes can be prevented by following basic cyber hygiene like not responding to unknown calls, lucrative offers promising exorbitantly high returns, clicking on links from unknown sources or not sharing personal information with strangers.”

Furthermore, TSCSB SP Devendra Singh said that if the loss is reported in the golden hour that is within the 24 hours, the chances of saving the lost money is very high. “More the delay, the more is the loss,” he added.

Sharing more information, DCP Cyberabad (Cybercrimes) K Shilpavalli said that victims in most of the cyber cases are working professionals who are aware of such frauds. “We have started awareness programs targeting this group,” she added.

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People losing money or receiving such fraudulent calls and messages can also report them at www.cybercrime.gov.in or the call 1930. They can also report to TSCSB toll free number 8712672222

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