This marks a 206% improve in comparison with INR 7,465.18 Cr misplaced by the Indians to cyber frauds within the earlier yr
Nevertheless, over INR 5,489 Cr has been saved from being siphoned off in 17.82 Lakh complaints to date
The minister additionally shared that over 9.42 Lakh SIM playing cards and a pair of.63 Lakh IMEIs, have been blocked by the federal government of India
Indians misplaced INR 22,845.73 Cr to cyber frauds in 2024, minister of state (MoS) for dwelling affairs Bandi Sanjay Kumar knowledgeable the Lok Sabha in a written reply immediately.
This marks a 206% improve in comparison with INR 7,465.18 Cr misplaced by the Indians to cyber frauds within the earlier yr.
In a written reply, Kumar mentioned that the whole quantity corresponds to 19.18 Lakh complaints on the Nationwide Cyber Crime Reporting Portal (NCRP) and 17.18 Lakh complaints acquired by way of the Citizen Monetary Cyber Fraud Reporting and Administration System (CFCFRMS) in 2024.
Nevertheless, as per one other knowledge, over INR 5,489 Cr has been saved so removed from being siphoned off in opposition to 17.82 Lakh complaints.
“As per CFCFRMS operated by I4C, to date, a monetary quantity of greater than INR 5,489 Cr has been saved in additional than 17.82 Lakh complaints,” Kumar mentioned in his response.
It’s pertinent to notice that I4C launched a suspect registry of identifiers of cybercriminals on September 10, 2024, in collaboration with banks and monetary establishments.
Kumar added that to date, greater than 11 Lakh suspect identifier information have been acquired from banks, and particulars of 24 Lakh Layer-1 mule accounts have been shared with taking part entities by way of the Suspect Registry, serving to forestall fraud value over INR 4,631 Cr.
In alignment with the cybersecurity efforts, the minister additional shared that over 9.42 Lakh SIM playing cards and a pair of,63,348 IMEIs, as reported by police authorities, have been blocked by the federal government.
The final three years have seen a gradual rise in cybercrime incidents reported on the portal.
Information shared by the minister revealed that incidents rose by 42.08% to 2.26 Lakh in 2024, following a 55.15% improve in 2023 to 1.59 Lakh and a 127.44% surge in 2022 to 1.02 Lakh incidents.
The federal government in March shared that residents misplaced a complete quantity of INR 107.21 Cr in between April and December 2024.
In the meantime, the federal government, together with the RBI, have been taking a number of measures to curb cyber fraud.
For example, in June, the RBI directed all banks to include the Monetary Fraud Danger Indicator (FRI) into their system to point real-time knowledge trade between banks and DoT platforms.
The federal government has already established I4C as a nodal company to coordinate the nationwide response to cybercrime and NCRP for on-line reporting of all varieties of cybercrimes.
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