Investment scam alert: Cyber frauds swindle ₹1,500 crore from 30,000 victims in 6 months, these cities hit hardest

New Delhi (The Uttam Hindu): Cyber ​​fraudsters are adopting new tactics to defraud people, with the "investment scam" emerging as their most powerful weapon. A recent report by the Home Ministry's Cyber ​​Wing (I4C) has revealed a shocking revelation. According to the report, over 30,000 people have fallen victim to such investment scams in just the last six months, suffering a total loss of ₹1,500 crore.

According to a report by the Indian Cyber ​​Crime Coordination Centre (I4C), most victims of these scams are between the ages of 30 and 60. Approximately 76% of victims fall into this "prime age" group. This indicates that scammers are increasingly targeting those in their working age and with the ability to invest.

According to the report, 65% of all scam cases were reported in just three major cities: Bengaluru, Delhi-NCR, and Hyderabad. Cybercriminals targeted people in Bengaluru the most. Bengaluru alone accounted for 26.38% of the total losses.

However, even senior citizens have not been spared by fraudsters. The report states that 8.62 percent of those targeted are over the age of 60. This means that approximately 2,829 senior citizens have fallen victim to this scam.

This scam is dangerous because it causes significant financial losses. According to reported cases, the average loss per victim across the entire scam is ₹51.38 lakh. Delhi is the city with the highest average loss per person. Cybercriminals are perpetrating these scams using various digital channels.