The information was presented by federal junior home minister Bandi Sanjay Kumar on Wednesday in the lower house of the Indian parliament, locally called Lok Sabha.
Kumar said, according to the National Cybercrime Reporting Portal (NCRP) and Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), the total amount of losses incurred by citizens due to cyber frauds in the entire country in 2024 was over 2.64 billion U.S. dollars as compared to 863.8 million dollars in the previous year.
The minister stated 3,637,288 incidents of online financial fraud were reported on NCRP and CFCFRMS in 2024 as compared to 2,442,978 in 2023.
According to the data shared by the minister, 2,268,346 cyber crimes were reported in 2024, reflecting a 42.08 percent yearly increase.
Xinhua
