Cyber crimes go up by 350% in Mumbai; Rs1,200 crore lost in 11 months this year

An unprecedented rise in cyber crimes has gripped Mumbai, with citizens losing a staggering Rs1,181 crore in just 11 months this year — marking an alarming 350 per cent increase in such cases compared to that in 2023. More alarming is the trend of the frauds with a sharp rise in incidents of investment fraud, task job frauds and digital arrest in the first six months of 2024.

According to RTI data (till June 2024), while investment fraud or share trading fraud amount jumped nearly 25 times from Rs 7.76 crore in 2023 to Rs 191 crore till June this year in the city, the task job fraud amount stood at Rs 36.89 crore till June, as against Rs 40.77 crore in 2023.