Marredpally Resident Loses ₹13 Lakh in Cyber Scam

rapid Summary

• A 45-year-old resident of Marredpally was defrauded, losing over ₹13 lakh through cybercrime.
• Fraudsters secured a loan of ₹12.5 lakh in the victim’s name and siphoned off funds using multiple transactions.
• The fraud was discovered on September 12 when the victim received SMS alerts regarding unauthorised debits from his HDFC accounts.
• A malicious application, e-challan rto.apk, installed on his phone gave perpetrators access to sensitive banking details.
• The total financial loss included ₹50,700 taken directly from the victim’s current account alongside the fraudulent loan amount.
• Police officials issued advisories urging citizens to:

– Avoid downloading APK files or apps from unverified sources.
– Use trusted platforms like Google Play Store and Apple App Store for app downloads.
– Regularly monitor bank account activity and avoid sharing OTPs or sensitive credentials.

• Victims are advised to promptly report such incidents to banks and contact cybercrime police through helpline number 1930 or emergency support at 8712665171.

Indian opinion Analysis

The ongoing rise in cyber fraud cases highlights vulnerabilities in digital security frameworks within India’s financial ecosystem. This particular case underscores how malicious software can exploit user devices for large-scale thefts,emphasizing the importance of public awareness about secure digital practices.

While authorities have issued preventive advice regarding app installation and credential sharing, this incident illustrates how sophisticated tactics like unauthorized loans can bypass even vigilant account monitoring temporarily. Strengthened cybersecurity measures by banks-including enhanced malware detection systems-remain critical both at institutional levels and individual awareness campaigns.

from an economic standpoint,such cybercrimes erode trust among consumers towards digital banking-a vital segment in India’s evolving payment infrastructure-and call for more aggressive interventions by regulators to safeguard citizen interests while keeping pace with innovation-driven risks.

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