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India's Alarming Cyber Fraud Surge in 2024

Since January 1, 2024, India has been witnessing a staggering 7,000 complaints of cyber fraud per day. The growth over the past few years is concerning: πŸ”΄ 2019: 26,049 complaints πŸ”΄ 2020: 2,55,777 complaints πŸ”΄ 2021: 4,52,414 complaints πŸ”΄ 2022: 9,56,79

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Article

Cyber Attacks10 June 20242 min read

PP By Prime

India's Alarming Cyber Fraud Surge in 2024

Since January 1, 2024, India has been witnessing a staggering 7,000 complaints of cyber fraud per day. The growth over the past few years is concerning:

πŸ”΄ 2019: 26,049 complaints

πŸ”΄ 2020: 2,55,777 complaints

πŸ”΄ 2021: 4,52,414 complaints

πŸ”΄ 2022: 9,56,790 complaints

πŸ”΄ 2023: 15,56,215 complaints

πŸ”΄ 2024 (so far): 7,40,957 complaints

This year's major culprits are:

πŸ”΄ Fake trading apps

πŸ”΄ Loan apps

πŸ”΄ Gaming apps

πŸ”΄ Dating apps

πŸ”΄ Algorithm manipulation

The I4C wing reports:

πŸ”΄ 4,599 digital fraud complaints (Jan-April 2024), totaling Rs 1,203.06 crore

πŸ”΄ 20,043 trading scams, amounting to Rs 14,204.83 crore

πŸ”΄ 62,687 investment scams, totaling Rs 2,225.82 crore

πŸ”΄ 1,725 dating scams, worth Rs 132.31 crore

In response, I4C has taken significant actions:

πŸ”’ Frozen 325,000 bank accounts

πŸ“΅ Blocked 530,000 SIM cards

πŸ”— Frozen 3,401 social media accounts, including WhatsApp groups

πŸ”— Stay vigilant and safeguard your digital presence!

May connect Team Prime to assist you as a CERT-IN Empanelled Partner.

Since January 1, 2024, India has been witnessing a staggering 7,000 complaints of cyber fraud per day. The growth over the past few years is concerning:

πŸ”΄ 2019: 26,049 complaints
πŸ”΄ 2020: 2,55,777 complaints
πŸ”΄ 2021: 4,52,414 complaints
πŸ”΄ 2022: 9,56,790 complaints
πŸ”΄ 2023: 15,56,215 complaints
πŸ”΄ 2024 (so far): 7,40,957 complaints

This year's major culprits are:

πŸ”΄ Fake trading apps
πŸ”΄ Loan apps
πŸ”΄ Gaming apps
πŸ”΄ Dating apps
πŸ”΄ Algorithm manipulation

The I4C wing reports:

πŸ”΄ 4,599 digital fraud complaints (Jan-April 2024), totaling Rs 1,203.06 crore
πŸ”΄ 20,043 trading scams, amounting to Rs 14,204.83 crore
πŸ”΄ 62,687 investment scams, totaling Rs 2,225.82 crore
πŸ”΄ 1,725 dating scams, worth Rs 132.31 crore

In response, I4C has taken significant actions:

πŸ”’ Frozen 325,000 bank accounts
πŸ“΅ Blocked 530,000 SIM cards
πŸ”— Frozen 3,401 social media accounts, including WhatsApp groups

πŸ”— Stay vigilant and safeguard your digital presence!

May connect Team Prime to assist you as a CERT-IN Empanelled Partner.

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