Mysuru City Experiences Hike in Cyber Crime Instances

Mysuru city in India, during November and December 2016, reported an increase in total cyber crime incidences. Over ninety per cent of the incidences known inside the city associated with debit card or ATM frauds wherein unsuspecting bank account holders divulged personal bank account credentials along with secret details as well regarding their accounts.

Whereas the city had 79 reported cyber crime cases during January 1-October 31, 2016, the total number of cases between November 1, 2016 and January 18, 2017 was 54. Also, whereas November 2016 had 18 reported incidences, December 2016 had another 23. According to the police station checking cyber crime, January 2017 has already encountered 13 instances. The Hindu posted this online dated January 19, 2017. It has been observed that the escalation in total cyber crime instances follows after the demonetization programme starting 8th November, 2016.

Also, cyber crime instances increasing in post-demonetization are learnt to be because of lot of cash balance inside the majority of bank accounts. Given the limitations on cash withdrawals the majority of bank accounts contained large funds enabling easy loots by fraudsters.

Within many instances, the victims didn't merely give away to the fraudsters, calling over the phone, their secret account info like PIN (Personal Identification Number) and credit or debit card numbers, however, their OTP (One Time Passwords) too that the bank provided. By divulging their information, bank customers helped cyber-crooks fully execute their fraudulent dealings.

Cops for cyber crime cases further assert that they were able in making sure that some complainants got back their lost money. According to one official from the cyber crime police station, when complaints get done within sufficient time, it helps in identifying the digital wallet's account so that the company can be informed regarding the complaint made. And suppose the money yet remains inside the wallet without getting utilized for carrying out other Internet-based transactions, then it maybe possible for reversing that fund, the official explained while referring to one recent incident within Mysuru when one government official managed getting back INR 35,000 into her account following her similarly getting defrauded.

» SPAMfighter News - 1/23/2017