India loses ₹107 crore to cyber fraud in the first three quarters of this fiscal

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India has lost ₹107.21 crore to cyber fraud in the first three quarters of the ongoing financial year (FY25), with 13,384 cases reported so far, according to data presented in the Lok Sabha.

India’s rapid adoption of digital payments has brought convenience but also a surge in cyber fraud. With more transactions happening online, fraudulent activities — particularly in card, internet, and digital payments — have seen a sharp rise in recent years.

While the Reserve Bank of India (RBI) does not maintain a centralised database of cyber fraud…



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India loses ₹107 crore to cyber fraud in the first three quarters of this fiscal


India has lost ₹107.21 crore to cyber fraud in the first three quarters of the ongoing financial year (FY25), with 13,384 cases reported so far, according to data presented in the Lok Sabha.

India’s rapid adoption of digital payments has brought convenience but also a surge in cyber fraud. With more transactions happening online, fraudulent activities — particularly in card, internet, and digital payments — have seen a sharp rise in recent years.

While the Reserve Bank of India (RBI) does not maintain a centralised database of cyber fraud…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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