38,000 cyber fraud cases reported in four years: Government

As many as 37,721 cyber fraud cases involving Rs 497 crore have been reported by the RBI and CBI in the last four years, telecom and IT minister Ravi Shankar Prasad informed Lok Sabha on Wednesday.

Several cyber attack techniques are used in engineering these crimes and are normally reported as ATM/ debit card, credit card, internet banking frauds, Prasad said in a written reply to the House. “As per information provided by the Reserve Bank of India (RBI), 10,048, 8,765, 9,500 and 9,362 cyber fraud cases and losses of Rs 38 crore, Rs 67 crore, Rs 78 crore and Rs 60 crore have been reported to the RBI during 2011-12, 2012-13, 2013-14 and April-December 2014, respectively,” he added.
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