India Faces Surge in Complex Cyber Frauds

Several fraud cases have emerged across India, underscoring the nation's ongoing battle against sophisticated cyber crimes. In Hyderabad, a couple was arrested for defrauding 17,500 investors of ₹229 crore through DKZ Technologies, and in Mumbai, a 75-year-old woman lost ₹21 lakh to fraudsters posing as officials. In another Hyderabad case, two men were apprehended for a digital fraud scheme that led a victim to transfer ₹10.61 crore. A Chennai-based company lost ₹2 crore in an email spoofing scam but successfully recovered the funds. These incidents highlight the increasing complexity of cyber fraud and emphasize the need for vigilance among individuals and businesses. Authorities are actively investigating these cases to prevent further scams.