‘Stock trading, investment scams drive 60% of cybercrime losses in Telangana’
₹455 crore recovered in two years as cyber fraud networks expand globally
Stock market and investment-related cyber frauds have become a major source of financial losses due to cybercrime in Telangana, a recent report revealed. Shikha Goel, the Director of Telangana Cyber Security Bureau, stated that almost 60% of the financial losses suffered by victims in the region are tied to stock-trading and business investment frauds.
At a panel discussion on cybersecurity, Goel highlighted that ₹455 crore has been recovered from cyber fraudsters over the past two years. According to her, cybercrime is both organized and preventable, often trapping individuals due to fear, greed, and ignorance.
Furthermore, Goel pointed out that cybercriminals are becoming increasingly adept at exploiting human behavior, carefully building trust before manipulating victims into transferring their own money. Cybercriminal networks have grown more sophisticated, with many operations being carried out from locations outside India, including Vietnam, Myanmar, and Cambodia.
The networks operate through multiple layers, geographically dispersed locations, and different time zones, making it difficult for investigators to track and apprehend the perpetrators. They employ advanced call centers, where individuals from various countries speak to their targets in their native language, Goel explained, detailing how cybercriminals adapt their tactics to individual victims.
Experts at the conference emphasized that cybercriminals are increasingly leveraging human psychology, such as trust, fear, greed, urgency, and impersonation, to carry out their malicious activities.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
