Nearly half of financial frauds targeting Indians are originating from the three south-east Asian countries of Myanmar, Cambodia and Laos, and many web applications used to commit the frauds are written in Chinese language, thereby not ruling out the Chinese connection, Rajesh Kumar, Chief Executive Officer (CEO) of the Indian Cyber Crime Coordination Centre (I4C), said on May 22.
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Mr. Kumar said in the first four months of the year, Indians had lost over ₹1,776 crore in 89,054 cases of financial crimes such as digital arrest, stock market scam, investment scam and romance or dating scam and there had been a “spurt in the organised crime from south-east Asia.” These complaints were received on national cyber crime portal — cybercrime.gov.in and 1930 helpline, and not all of them were converted into First Information Reports (FIR).
