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Cyber fraud losses surge 10-fold in 10 yrs: finance ministry
Mint Bangalore
|March 11, 2025
Indians could lose over ₹1.2 tn due to cyber fraud over the next year
Losses from cyber frauds have surged nearly 10-fold in a decade, Pankaj Chaudhary, minister of state in the Union finance ministry, said on Monday. Chaudhary told the Lok Sabha losses due to cyber frauds increased to ₹177.05 crore in 2023-24 from ₹18.46 crore in 2014-15. In the first nine months of FY25 (April-December 2024), these losses stood at ₹107.21 crore.
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