![]() Thousands of cases of financial fraud or fraud involving digital payments are reported each day to cybercrime cells.Īccording to data on the Statista website, there have been almost 4.8 thousand instances of online banking fraud reported in India in 2021.Īccording to another report by the RBI that the Minister of State for Finance shared in the Lok Sabha, Scheduled Commercial Banks (SCBs) reported frauds against the Indian public in the category "Card/Internet- ATM/Debit Cards, Credit Cards, and Internet Banking" in the fiscal year 2021–2022. The number of cyberfraud incidents is rapidly rising.
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