Telangana Stands Second In Getting Back Cyber Crime Money In 2024.
Telangana state ranked second in India in recovery of cybercrime money after Gujarat. Cybercrime victims from Telangana got Rs 131 crore back, while victims from Gujarat reported recovery of Rs 157 crore.
However, cyber experts said the losses are huge and many cyber crime victims lack awareness about filing complaints on the right platform.
Cybercrime Victims from Telangana also reported the second highest loss of cyber crime with nearly 70,000 complaints filed.
Union Minister of State for Home Ajay Kumar Mishra said in a reply in the Lok Sabha on Tuesday that the Indian Cyber Crime Coordination Center (I4C) has seven joint teams for Hyderabad, Visakhapatnam, Mewat, Jamtara, Ahmedabad, Chandigarh and Guwahati for cyber coordination.
It is helping in keeping an eye on crime hotspots and increasing coordination among law enforcement agencies.
Under I4C, Citizen Financial Cyber Fraud Reporting and Management System was launched for immediate reporting of financial frauds and to prevent misappropriation of funds by fraudsters. Since the launch of the system, over 4.7 lakh complaints have resulted in savings of Rs 1,200 crore.
Cyber security expert Pendyala Krishna Sastry said many cyber crime victims do not report the loss of money. “What has been reported is only a tip of the iceberg. There should be a comprehensive framework with various stakeholders like telecom and police departments and RBI with cyber security awareness as a proactive measure,” he pointed out.
According to MHA, more than 3.2 lakh SIM cards and 49,000 IMEIs as reported by police officers have been blocked by the Government of India.
Shruti Mantri, Associate Director, Institute of Data Science, Indian School of Business, said that during the recent assembly elections in Telangana, cyber criminals posing as officials stole KYC documents and sensitive information from many victims.
“Cyber criminals, under the pretext of providing information about policy benefits, collect bank account details from unsuspecting victims. Post-pandemic, the IT industry has seen a significant increase in its human capital. As a result, a tech-savvy community has emerged, which is increasingly becoming victims of cyber crime. The government, law enforcement officials and the Election Commission should make people more aware about cyber fraud,” she said.
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Abhijit Ranjan
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