SHOCKING! Whopping Rs 10,300 Crore Drained Out Of India By Cyber Criminals Since 2021, Says I4C

A stupendous amount of Rs 10,300 has been siphoned off from the country by cybercriminals since April 1, 2021, Indian Cyber Crime Coordination Centre or I4C revealed.

New Delhi: An insane amount of over Rs 10,300 crore were drained out from India by cybercriminals since April 1, 2021, according to the Indian Cyber Crime Coordination Centre (I4C). Providing details about the rise in the magnitude of cybercrimes in the past few years, the I4C revealed that out this massive amount, the agencies were able to successfully block around Rs 1,127 crore in the country.

“Rs 10,319 crore has been reportedly lost in India from April 1, 2021 to December 31, 2023… We have managed to block Rs 1127 crore, of which 9-10 per cent has been restored in the accounts of the victims,” CEO of I4C Rajesh Kumar told reporters in New Delhi.

The I4C chief said that over 15.56 lakh cases were reported on NCRP in 2023, translating into 129 cyber crime cases reported per lakh population, which shows a “deceleration” of growth rate to 60.9 per cent as compared to 2022.

“Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7 per cent in 2022, with 9.66 lakh cases being reported on the portal”, Kumar said.

Scamsters operating from China, Myanmar, Cambodia

Giving details of cyber criminals, officials said around 50 per cent of cyber attacks are being committed by “gangs” operating from Cambodia, Myanmar, China and other countries.

Citing difficulties in restoring amounts to the accounts of victims, Kumar said the government is framing new Standard Operating Procedures which are likely to come out soon to make it easier for victims to claim their money.

Right now, a victim has to get a court order to get their money back with states like Gujarat and Karnataka leading the way where people are approaching Lok Adalats and magistrates to get their money.

Sextortion and OLX fraud prevalent in Delhi-NCR

Highlighting trends of cyber criminals, Kumar said regions near Delhi are using Sextortion, online booking, OLX related crimes to trick the victims.

Gangs operating from Jharkhand, etc, are using KYC expiry, Android banking Malware-type online scams to siphon off money from gullible individuals.

He said other major cyber crimes are duping people of their money using investment applications and websites offering part-time jobs and Ponzi schemes, illegal lending applications and customer care centres.

There were also vases of Android malware fraud by seeking OTPs to take control of victims’ systems, impersonation by taking over social media accounts and sextortion.

Major cyber attack on G-20 website thwarted

Listing recent successes against cyber criminals, Kumar said the Indian agency managed to thwart a major cyber attack targeting the G-20 website.

Every minute 66, lakh hits were made using bots through a distributed denial-of-service (DDoS) attack to disable it by flooding it with hits.

Another success was when Indian agencies managed to bring back citizens from Myanmar, where they were taken in the lure of employment opportunities and held back against their will to commit cyber frauds across the globe, they said.

‘Pratibimb’

Kumar said recently a new software, ‘Pratibimb’, has been made accessible to state police forces on a project level that will enable them to locate cybercriminals operating in their area.

The use of this software, coupled with quick reaction, has seen a massive reduction in cyber criminals operating from Jharkhand’s Deoghar and Jamtara areas.

“The software gives the location of origin of the call, jurisdictional police officer takes action on that along with this information about the point of sale of SIM.

“Police officers in Jamtara and Deoghar are taking action on such information, which has resulted in 454 arrests last month,” Kumar said.

I4C is a body established by the Ministry of Home Affairs (MHA) to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner.

(With PTI inputs)