Pune: Low on funds? Cyber criminals can still swindle you through bank loans

Even though victims of cyber crimes don’t have enough funds in their bank accounts, it does not stop online criminals from defrauding them. In a worrying new trend observed in the drugs in parcel frauds recently, cyber criminals now obtain instant loans in victims’ names by manipulating them into divulging financial information or gaining access to their phones and then siphoning off those funds from their accounts.

Cyber investigators from Pune and Pimpri Chinchwad police said they have seen a sudden surge in such cases over the last two months. As many as 15 such cases have been reported since June, in which cyber criminals obtained instant loans of upto Rs 20 lakh in the names of victims.