Rising Cybercrimes: The Dark Side of Increased Online Activity
The COVID-19 pandemic has forced people to spend an increasing amount of time online, and unfortunately, this has led to a surge in cybercrimes. As people turn to their devices for work, play, and connecting with others, they have become more vulnerable to online swindles. Online security experts in the state of Kerala have reported that the region is losing a staggering Rs 10 crore every month to such frauds. This alarming statistic is a clear indication of the magnitude of the problem.
Kerala Losing Rs 10 Crore Monthly to Cyber Fraud: Alarming Statistics
Official data reveals that cybercrimes in Kerala have skyrocketed in recent years. In 2023, there were over 3,000 reported cases of cybercrimes, compared to just 307 cases in 2019. This exponential increase in cybercrimes is a cause for concern and calls for immediate action. The state is losing a significant amount of money each month to these fraudulent activities, and it is essential for the authorities to address this issue effectively.
The Challenges of Fighting Cybercrimes: Geographical Boundaries and Poor Conviction Rates
One of the major challenges faced by law enforcement agencies when dealing with cybercrimes is the lack of geographical boundaries. The perpetrators of these crimes are often scattered across different states, making it difficult for the police to track them down. Additionally, these fraudsters operate bank accounts using fake identity cards, further complicating the investigation process. As a result, the conviction rate for cybercrimes remains abysmally poor, primarily due to practical difficulties faced during the probe.
Tactics of Cyber Fraudsters: From Phone Calls to False Promises
Fraud is one of the most prevalent types of cybercrimes in Kerala. The perpetrators employ various tactics to con individuals out of their hard-earned money. In some cases, victims receive fraudulent phone calls urging them to download malicious apps or click on deceptive links. In other instances, they are convinced to part with their money in exchange for false promises of high returns. These cunning tactics employed by cyber fraudsters make it crucial for people to remain vigilant and cautious while conducting financial transactions online.
From Bank Fraud to Deep Fake Cons: A Look at Different Types of Cybercrimes in Kerala
Cybercrimes come in various forms, and individuals must be aware of the different types to protect themselves effectively. In Kerala, cyber police categorize online frauds into sections such as bank fraud, instant loan app fraud, sextortion, e-commerce platform fraud, job fraud, hacking, identity theft, and crypto scams. These crimes have far-reaching consequences and can cause significant financial and emotional damage to their victims. Recent cases of bank account theft, advance fee fraud, and deep fake cons highlight the diverse range of cybercrimes occurring in the state.
In light of the rising number of cybercrimes, it is crucial for individuals to remain cautious while conducting online transactions. Experts and police officers emphasize the importance of not sharing OTPs (One-Time Passwords) or installing remote access apps. It is essential for victims of cybercrimes to report such incidents immediately through the toll-free number 1930 or the cybercrime government website (www.cybercrime.gov.in). By staying alert and taking immediate action, individuals can help combat cybercrimes and protect themselves from falling victim to fraudulent activities in the digital world.
Analyst comment
This news is negative. The market will experience a decrease in consumer confidence and trust in online transactions, leading to a potential decline in online sales and digital financial transactions. It is expected that there will be an increase in demand for cybersecurity services and products to combat cybercrimes.
