Cybercrime battle fails to dismantle financial bridges
The unabated rise of cyber fraud and “digital arrests” in Delhi has exposed a disturbing weakness in the fight against financial crime. While the police chase fraudsters across jurisdictions and dismantle their digital networks, the banking channels through which the stolen money flows often appear to escape the same level of scrutiny.
The question is no longer merely how cybercriminals manage to dupe unsuspecting citizens. It is also how they are able to open, operate and repeatedly use bank accounts through which lakhs and, in many cases, crores of rupees are siphoned off without triggering adequate safeguards.
