From The Hindu · The Hindu Bureau · · 1m 50s
Fifty-eight crore lost to cyber fraud in Kalaburagi
Police warn of investment scams and digital arrest frauds as cybercrimes dwarf conventional crime losses in the city.
In brief
Police warn of investment scams and digital arrest frauds as cybercrimes dwarf conventional crime losses in the city. Cybercrimes have cost Kalaburagi fifty-eight crore rupees, vastly exceeding conventional crime losses, prompting police warnings about investment scams and digital arrest fraud. Originally reported by…
Fifty-eight crore lost to cyber fraud
Cybercrimes have caused financial loss of around fifty-eight crore rupees in Kalaburagi compared with about two crore rupees loss due to conventional crimes, Circle Inspector of Police Raghavendra said.
Vulnerable targets across all groups
Raghavendra cited a retired government employee who lost one point eight crore rupees to cyber fraud, noting that businesspeople, serving government employees and retirees are all vulnerable to such scams.
Fake investment apps and high returns
Fraudsters use fake investment applications and WhatsApp and Telegram groups promising unusually high returns. They initially display profits to gain confidence before demanding additional payments under the pretext of taxes or fees.
Digital arrest scams impersonate officials
Fraudsters impersonate police personnel or government officials, level false allegations and demand money. Raghavendra clarified that there is no legal provision for digital arrest in India and urged people not to panic or transfer money.
“there is no legal provision for digital arrest in India”
Protect personal data and photos online
Raghavendra warned against sharing personal information, private photographs or videos online and cautioned about fake accounts. If threatened with circulating private content, victims should preserve evidence and file a complaint instead of paying.
Suspicious links and unknown app files
Do not open suspicious links in wedding invitations, electricity bills, vehicle traffic challans or bank messages. Installing unknown Android Package Kit files on mobile phones can expose personal information and put bank accounts at risk.
“Don't open suspicious links received in the name of wedding invitations, electricity bills, vehicle traffic challans or bank messages.”
Report fraud immediately to authorities
Victims of cyber financial fraud should inform their banks immediately, call the national cybercrime helpline nineteen thirty and lodge a complaint through cybercrime dot gov dot in.
“Prompt reporting can improve the chances of preventing further transfer of money.”
Here's the gist
Cybercrimes have cost Kalaburagi fifty-eight crore rupees, vastly exceeding conventional crime losses, prompting police warnings about investment scams and digital arrest fraud.
