Online cyber fraud increased by 28 percent in Corona period, loss of 25 thousand crores to the country

Online fraud increased in Corona

Online fraud increased in Corona

Mumbai. In the Corona period, along with health and finance, many new problems have increased rapidly. One of these problems is the rapid growth of online cyber fraud. With the increase in the trend of digital transactions in the country during the Corona period, the cases of fraud in such transactions have also increased by 28 percent.

Mumbai. In the Corona period, along with health and finance, many new problems have increased rapidly. One of these problems is the rapid growth of online cyber fraud. With the increase in the trend of digital transactions in the country during the Corona period, the cases of fraud in such transactions have also increased by 28 percent.

According to a media report, the country suffered a loss of about 25 thousand crores last year due to the incidents of cyber fraud. In the last financial year, Delhi suffered the maximum loss of 6-7 thousand crores due to cyber fraud in the country. After this, Mumbai (5-6 thousand crores) and Gujarat (4-5 thousand crores) and Gujarat (4-5 thousand crores) are at number two and third respectively. This information has come out from a report by global information company TransUnion.

Most cyber fraud in intelligence based business transactions

According to the report, most cyber frauds have taken place in the transactions of intelligence based business. The biggest loss in India is in the logistics sector. Digital fraud in this sector has increased the most by 224%. According to a report by information services company Experian, during the covid19 epidemic in India, the business world saw 46 percent more cyber fraud challenges.Online fraud increased in Corona period

Due to the Corona crisis, people preferred online shopping. With this spontaneous increase, the cases of cyber fraud also increased manifold. Before Corona, the share of online shopping fraud in the total cyber fraud was 5 to 7 percent, which has now increased to about 20 percent.

Also read- Rating agency ICRA estimates, GDP growth may be 8.5 percent in FY 2021-22

Most cyber fraud in logistics and telecom sector

The maximum number of cyber frauds have increased in the logistics and telecom sector. In the logistics sector, where fraud has increased by 224 percent, in the telecom sector, fraud has increased by 200 percent. Frauds have increased by 90 percent in financial services, 20 percent in manufacturing and 15 percent in corporate.

Major methods of fraud

  • By luring huge discounts on all the products on social media, they do fraud by taking bank details from customers.
  • Cyber ​​thugs are targeting logistics the most. Converting the original order into a fake.
  • Manufacturing companies are facing product method piracy and quality changes.
  • The pharmaceutical sector is also troubled by the continuous cyber attacks. cyber here




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