The Hyderabad City Cyber Crimes unit nabbed 18 persons linked to 319 cyber fraud incidents in India of which 45 in Telangana. The raid operation carried out by Hyderabad Police Commissioner C.V. Anand covered a vast network of the fraudsters involved in various types of scams and cheated victims to the tune of ₹6.94 crore. These cyber fraud involved simple demands such as investment fraud, digital fraud, OTP fraud and a combination of other updates similar to sextortion insurance fraud among others.
Out of all the accused, three people were recognized as the managers of a number of sophisticated cyber fraud schemes. These persons operated their scams across multiple states in India manipulating the victims through phishing, identity theft, and other means involving their personal and financial identity .
Such a cybercrime unit was successful to identify 10 prominent cases which effected people in Hyderabad. In his work, the police managed to identify the culprits of such actions, and gather materials that directly connect the suspects to such scams. Officials have said most of them were part of complex structures that were hard to apprehend, they were using modern technology to conceal their activities.
Also Read: Caught by Cyber Fraudsters: Mumbai Woman ₹6 Lakh Loss Over ₹5,000 Transaction in Ghatkopar
Some of the usual scams employed by these cons was the lure of big profits by investing in bogus programs. They would entice innocent people by promising them a windfall of easy money within a short period of time after the victims had complied by passing the cash on, the scammers would disappear into thin air. Another common method of fraud that appeared frequently was sextortion; scammers enticed individuals to set up suspicious calls and videos, after that, they blackmail their victims and demand money to keep quiet about the situation or publish the footage on the Internet.
In course of carrying out the operation, the Hyderabad Police managed to seize ₹1.61 crore from the accounts of the fraudsters. The successful recovery of this amount shows the preparedness of polices all over the world, not only arrests the accused but also create an environment for the recovery of the loss incurred by the victims.
This operation is a significant milestone for the government of Telangana and all of India in the quest for minimizing cyber criminal activities. Other common electronic financial crimes are cyber fraud incidences that have normalized with the increasing use of virtual transactions. The positive action of the Hyderabad City Cyber Crimes underlines the message that the cyber criminals will be dealt by the law enforcing agencies and the agencies are fully prepared and aware of the hi-tech cyber frauds. It now is clearer that additional arrests and financial seizures are probable as the investigation expands.
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