Rs 700 cr lost in fraud in Cyberabad: Mohanty
3 months, 1 week ago

Rs 700 cr lost in fraud in Cyberabad: Mohanty

Deccan Chronicle  

HYDERABAD: FedEx, digital arrests, investment frauds, and so on, have made people residing in Cyberabad limits lose around Rs 700 crore to cybercrime this year, said Cyberabad police. To make more people aware of the existence of cybercrime and to curb this menace, the Cyberabad police has launched a brand-new initiative - Project P.R.O.T.E.C.T - Preventing Risks Online Through Education, Collaboration, and Training. Speaking on the occasion, Cyberabad CP Avinash Mohanty said, “Every year, cybercrimes are compounding at an alarming rate, and our investigations and efforts must also compound proportionately to tackle this menace. Their collective efforts in raising awareness about cybercrimes will be instrumental in educating the public and preventing these crimes.” Speaking of how rampant digital arrests have become, the commissioner said, “One of the most concerning trends in cybercrimes we see is digital arrest – where people, out of fear, end up sharing their bank details and personal information with fraudsters.

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