look news india
As digital banking and online transactions are increasing in the country, cases of cyber fraud are also increasing. There has been a 986% increase in banking cyber fraud cases in the country in 5 years. At the same time, there has been a huge increase of 2545% in the number of cases in Gujarat.
The surprising thing is that Gujarat is at number three in the country in this case. All this data and related information came to light in Parliament, where Union Minister of State for Finance Pankaj Chaudhary gave information in response to a question on debit-credit card and online fraud.
According to the data presented in Parliament, in the financial year 2019-20, only 51 cases of fraud of more than one lakh were reported through debit card, credit card and online. In the year 2023-24, the number of such cases has increased to 1,349. In Gujarat, 1,941 cases of bank fraud have been reported in five years. If we look at the amount of fraud, five years ago Rs. 2.87 crore fraud took place in 2023-24, this amount increased to 49.92 crores.
Regarding the increasing cyber fraud in Gujarat, a banking expert said that most of the victims of cyber fraud are senior citizens. Along with the Reserve Bank, banks are also trying to make people aware through SMS, e-mails and advertisements. Apart from this, the use of credit cards has increased among the youth and due to this online fraud has also increased. However, now people also register cases in banks and cyber crimes, due to which they get their money back.
According to the data presented in Parliament, cyber fraud related to banks has increased by more than 1,000 percent in 18 states and union territories in five years. While in 15 states the number of such cases has increased by 100-1000%. Nagaland has the lowest increase of 75%. According to this list, Mizoram is the only state where there has been no fraud related to bank fraud.