Indians lost Rs 22,842 crore to cybercrime in 2024 and losses may cross Rs 1.2 lakh crore this year
The cybercrime crisis in India is fast escalating. The financial frauds are bleeding the country of tens of thousands of crores each year. According to a report by DataLEADS, Indians lost Rs 22,842 crore to online fraudsters in 2024. The following figures will shock you more — the 2024 figures are nearly three times higher than the Rs 7,465 crore lost in 2023 and almost ten times greater than the Rs 2,306 crore in 2022. The grim outlook only worsens when measured against this year’s projections. The Indian Cybercrime Coordination Centre (I4C) has predicted that the cybercrime losses could soar beyond Rs 1.2 lakh crore in 2025 if current trends persist.
