Here is how much Indians lost to cyber frauds between Jan and Apr of 2024

Between January and April 2024, Indian citizens suffered losses exceeding Rs 1,750 crore due to cybercriminal activities. This was reported through over 740,000 complaints lodged on the National Cybercrime Reporting Portal, which is managed by the Ministry of Home Affairs.

The Indian Cyber Crime Coordination Centre (I4C) stated that in May 2024, an average of 7,000 cybercrime complaints were recorded daily, marking a significant surge of 113.7 per cent compared to the period between 2021 and 2023, and a 60.9 per cent increase from 2022 to 2023, according to a report in the Economic Times.