- Massive financial losses: Over Rs 10,300 crore siphoned off by cybercriminals since 2021.
- Daily deluge: A staggering 5,000 cybercrime complaints filed every day.
- Global gangs: 40-50% of attacks believed to originate from China, Cambodia, and Myanmar.
- Frozen funds: Rs 1127 crore blocked in bank accounts, but legal hurdles delay return to victims.
- Evolving threats: Investment app scams, illegal loan apps, customer care frauds, and sextortion are major forms of cybercrime.
Following up on the cyber attack on G-20 Website, this statement links some chains between China’s hackers. Repeatedly it is highlighted China, pockets of Cambodia, and Myanmar are the places where these criminals can remain untouched.
This statement also points out 50-60% of attacks are done on Indian Soil, which signifies the low awareness among people as well as the lack of cybersecurity officials to take action.
The unnoticed or unaccounted number could be more than just 5000/per day.
A serious vulnerability is shown by the 10,000 crore cyber robbery on India’s digital ecosystem. Attacks on a daily basis highlight how urgently international cooperation is needed to fight transnational cybercrime syndicates. Though worries over victim compensation are raised by frozen finances and legal obstacles, I4C’s initiatives provide a glimmer of a positive outlook. Developing tech-savvy citizens who can handle the ever-evolving hazards of financial frauds, predatory applications, and digital predators is the genuine road ahead. To ensure a future in which cyberspace empowers, not threatens, a concerted effort involving government action, corporate innovation, and citizen attention is needed to build strong cyber defenses.
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