India lost around 500 Crores in last 4 years in cyber frauds

As many as 37,721  cyber fraud cases involving Rs 497 crore have been reported by the RBI and CBI in the last four years.

Several cyber attack techniques are used in committing frauds and losses and are normally reported such as ATM/Debit cards, credit cards, As many as 37,721  Cyber Fraud Cases involving Rs 497 crore have been reported by the RBI and CBI in the last four years,

"As per information provided by the RBI , 10,048, 8,765, 9,500 and 9,362 cyber fraud cases and losses of Rs 38 crore, Rs 67 crore, Rs 78 crore and Rs 60 crore have been reported to the RBI during 2011-12, 2012-13, 2013-14 and April-December 2014, respectively," 

"CBI has also registered 46 cases (14 PEs (Preliminary Enquiry) and 32 RCs (Regular Case)) relating to cyber crime in various parts of the country during the last 3 years that is 2012, 2013, 2014 and 2015 (till date)." 

In these cases 34 persons have been arrested, he said. "An amount of Rs 90 crore, Rs 158 crore and Rs 6 crore was involved in these cases registered during the year 2012, 2013 and 2014, respectively," 

Incidents of  malware infections in India cyber space are reported to and tracked by the Indian Computer Emergency Response Team (CERT-In), which works with the Internet Service Providers (ISps) to identify the infected systems and organisations, 
"Cert-In, Department of Electronics and IT has initiated action with active participation of service providers and industry to set up a centre for detection of computer systems infected by malware and to notify, enable cleaning and securing systems of end users to prevent further malware infections," 

As reported to parliament by IT Minister of India

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