Try GOLD - Free
India Lost Over ₹22,800 Crore to Cyber Fraud in 2024: Govt
Mint New Delhi
|July 23, 2025
Over the years, the problem appears to have grown exponentially
Indians lost a staggering ₹22,845.73 crore to cyber fraud in 2024, marking a 206% surge from the previous year, the government told Parliament on Tuesday.
The growth in cybercrime losses comes as India recorded over 2.2 million cybercrime incidents in 2024, a 42% increase from nearly 1.6 million cases in 2023, according to government data tabled in Parliament by minister of state for home Bandi Sanjay Kumar.
Over the years, the problem appears to have grown exponentially—from 450,000 cases in 2021 to over a million in 2022 (a 127% rise), and now more than doubling by 2024.
This story is from the July 23, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Rural job scheme to get disability norms
In a move to make India’s flagship rural jobs scheme more inclusive, the government is set to roll out productivity norms for persons with disabilities (PwDs), allowing them to earn daily wages through work aligned with their abilities, two senior government officials said.
3 mins
June 27, 2026
Mint New Delhi
Law firms hire tax experts to offer one-stop advice
Indian law firms are increasingly hiring professionals from tax and audit firms as they seek to position themselves as one-stop advisory platforms that meet growing client demand for integrated legal and tax services.
2 mins
June 27, 2026
Mint New Delhi
India drives a ₹2 tn road bypass plan
Move to help ease urban congestion and improve travel time
3 mins
June 27, 2026
Mint New Delhi
Robotics startup funding doubles in 2026, scale lags
Funding for India's robotics start-ups almost doubled to $42.1 million in the first six months of 2026 from $22.7 million in the comparable span last year, with the average cheque size up 94.4% over the period, data platform Tracxn said.
2 mins
June 27, 2026
Mint New Delhi
West Asia conflict leaves MSMEs grappling with power, diesel woes
India’s small businesses are grappling with a double blow from the West Asia war—frequent power cuts and tighter restrictions on diesel purchases—disrupting factory operations and raising production costs, according to two people aware of the matter and an MSME industry representation reviewed by Mint.
2 mins
June 27, 2026
Mint New Delhi
Anil Ambani's plea to settle fails at Sebi
The Securities and Exchange Board of India (Sebi) has rejected applications by industrialist Anil Ambani and his corporate group to settle allegations of misusing almost $700 million of company funds, documents reviewed by Reuters show.
1 min
June 27, 2026
Mint New Delhi
Reviving interest in the Indian suffragettes
An exhibition in London brings to life the Duleep Singh sisters, and shines a light on the Indian suffragettes
5 mins
June 27, 2026
Mint New Delhi
‘Khabar Lahariya’ tells its own origin story
This story of a small, women-led newspaper's evolution into the digital era is a handbook of what journalism should be in a democracy
5 mins
June 27, 2026
Mint New Delhi
Will order be restored at Wimbledon?
Following a chaotic French Open, tennis heads to Wimbledon where top seeds battle rising stars on the grass
7 mins
June 27, 2026
Mint New Delhi
Robotics funding doubles in 2026, but scale lags
Indian robotics startups raised only $52.9 million in 2025.
1 mins
June 27, 2026
Listen
Translate
Change font size