Cyber frauds from Southeast Asia cost Indians Rs 1,500 crore monthly: I4C report
These frauds are primarily linked to organised networks allegedly managed by Chinese operators and have cost people in India up to ₹1,500 crore per month, sources said on Sunday.
According to I4C data for the first half of 2025 (January to June), India has suffered online financial losses amounting to approximately ₹8,500 crore. Alarmingly, more than half of these losses are tied to cybercrime operations based in Southeast Asian nations.
On average, the data revealed that monthly cyber fraud-related losses to Indians in 2025 range between ₹1,300 crore and ₹1,500 crore.
However, the data for 2025 marks a noticeable decline compared to 2024, when the monthly average stood at around ₹2,200 crore. Sources said this decline is attributed to improved surveillance, international cooperation, and public awareness campaigns by the I4C.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Nine lakh SIMs blocked, Rs 5.5K crore saved in cyber fraud war
NEW DELHI: The Union Home Ministry on Wednesday (July 23, 2025) said that so far, over 9.42 lakh SIM cards and 2,63,348 IMEIs involved in cyber fraud and digital arrests have been blocked by the government. MoS (Home) Sanjay Bandi , replying to a question in the Rajya Sabha, also listed an 11-point strategy to combat cybercrime. "MHA has set up the Indian Cyber Crime Coordination Centre (I4C) as an attached office to deal with all types of cybercrimes in the country in a coordinated and comprehensive manner. The 'National Cyber Crime Reporting Portal' ( NCRP ) has been launched, as part of I4C, to enable the public to report incidents pertaining to all types of cybercrimes, with special focus on crimes against women and children," the MoS said in his reply. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management Others Design Thinking Public Policy Data Analytics Healthcare healthcare Management others Data Science Technology PGDM Digital Marketing Cybersecurity Finance Leadership Operations Management MCA Artificial Intelligence Degree Data Science CXO Project Management Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details The Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), under I4C, was launched in 2021 for immediate reporting of financial frauds and to stop siphoning off funds by fraudsters. As per CFCFRMS, operated by I4C, over Rs 5,489 crore has been saved in more than 17.82 lakh complaints so far, Bandi stated. The Cyber Fraud Mitigation Centre (CFMC) has been established at I4C, where representatives of major banks, financial intermediaries, payment aggregators, telecom service providers, IT intermediaries, and states and UTs work together for immediate action and seamless cooperation to tackle cybercrime. MHA has also provided financial assistance under the Cyber Crime Prevention Against Women and Children (CCPWC) scheme to states and UTs for capacity building. Cyber forensic-cum-training laboratories have trained 24,600 law enforcement personnel, judicial officers and prosecutors, the reply noted. Live Events A state-of-the-art National Cyber Forensic Laboratory (Investigation) has been set up and has provided services in around 12,460 cybercrime cases so far. The Massive Open Online Courses (MOOC) platform, namely CyTrain portal, has trained over 1,05,796 police officers from states and UTs. The module Pratibimb, which maps locations of criminals and crime infrastructure, has led to the arrest of 10,599 accused, 26,096 linkages, and 63,019 cyber investigation assistance requests.
India Today
43 minutes ago
- India Today
School assembly news headlines today- July 24: Top national, sports and world news curated for you
Here is the school assembly news update for July 24, 2025. It covers important national, international, and sports events to help students stay informed and develop a daily news-reading habit. On July 24, 2025, many school students are preparing to present the news during their morning assembly. This daily routine helps them stay informed about major events in India and across the world, while also boosting their public speaking confidence. To support their efforts, here are 10 important headlines covering national, international, and sports news. National News Parliament to hold 16-hour discussion on Op Sindoor from July 29 A discussion on Operation Sindoor is likely to be held in the Parliament next Tuesday, with the govt allotting 16 hours for a special discussion in both the houses in the ongoing Monsoon Session India announces resumption of tourist visas for Chinese citizens This marks another step in the normalisation of bilateral ties that were taken to their lowest point in six decades by a military standoff on the Line of Actual Control (LAC). Myntra under ED scanner, accused of Rs 1,654 cr violation of FDI rules The Enforcement Directorate has alleged that the Bengaluru-based company, which is backed by Flipkart, violated existing FDI norms governing e-commerce operations in India. World News World Court hearing says climate change is 'urgent and existential threat' The International Court of Justice (ICJ), the world's highest court, has started giving its important opinion on climate change, calling it a serious and urgent global threat. Speaking at the Peace Palace in The Hague on Wednesday, ICJ President Yuji Iwasawa said that greenhouse gas emissions are clearly caused by human actions and their impact goes beyond national borders. More than 100 agencies say mass starvation spreading across Gaza, accusing Israel of aid 'siege' Israel said there were 950 trucks' worth of aid waiting in Gaza - but the aid agencies accused Israel of blocking access to it. 23-year-old Indian student brutally assaulted in Australia A 23-year-old Indian student, was brutally assaulted and left unconscious on a street in Adelaide after a group of men allegedly hurled racist abuse and attacked him over a car parking dispute. Sports News Women's Euro 2025: England fight back to down Italy in extra time and reach final Chloe Kelly scored in the 119th minute by kicking in the rebound from her missed penalty, helping defending champions England make a strong comeback to beat Italy 2-1 in extra time and reach the Women's European Championship final on Tuesday, July 22, 2025. Sindhu downs Miyazaki, Satwik-Chirag duo advances at China Open Two-time Olympic medalist and former world champion P.V. Sindhu defeated Japan's sixth seed Tomoka Miyazaki 21-15, 8-21, 21-17 on Wednesday to enter the round of 16 at the China Open Super 1000 tournament. Gill accuses England of not playing in the 'spirit of the game' India captain Shubman Gill said England did not play in the 'spirit of the game' after their openers, Ben Duckett and Zak Crawley, came out late to bat on the third evening of the third Test at Lord's. Venus Williams becomes 2nd-oldest to win tour-level singles match Venus Williams beat Peyton Stearns 6-3, 6-4 in the Round of 32 at the Washington Open, becoming the second-oldest woman to win a WTA tour-level match. Martina Navratilova holds the record, having won at 47. Venus, a seven-time Grand Slam champion, made her comeback after a 16-month break and won the match at the age of 45. Students are advised to keep checking this page for the latest updates.
The Hindu
an hour ago
- The Hindu
India, Nepal finalise Mutual Legal Assistance pact; discuss revised extradition treaty
India and Nepal are working on a revised extradition treaty and have finalised the text of the Agreement on Mutual Legal Assistance in Criminal Matters, the Ministry of Home Affairs (MHA) said in a statement on Wednesday (July 23, 2025). The deliberations took place at the Home Secretary-level talks between the two countries, held on July 22 in New Delhi. The Indian delegation was led by Union Home Secretary Govind Mohan, while the Nepalese side was headed by Gokarna Mani Duwadee, Home Secretary, Government of Nepal. 'During the talks, both sides reviewed the entire gamut of bilateral security cooperation as well as border management and agreed to strengthen it further. Their deliberations included issues related to the repair and maintenance of boundary pillars, trans-border criminal activities, working of Border District Coordination Committees, strengthening of border infrastructure particularly Integrated Check Posts, roads and railway networks, empowerment and capacity building of various security related institutions, and ways to strengthen cooperation in disaster risk reduction and management,' the MHA said. The two sides welcomed the finalisation of the Agreement on Mutual Legal Assistance in Criminal Matters and agreed to work towards the early conclusion of the revised extradition treaty. It was also agreed that the next round of Home Secretary-level talks would be held in Nepal at a mutually convenient date.
