[Image description: Image for depiction only | Photo Credit: Reuters]
The reported figures raise serious concerns about the adequacy of India’s cybersecurity infrastructure at a time when digital transactions are becoming increasingly integral to daily life. The low recovery rate suggests that coordination gaps among investigating agencies, financial institutions, and law enforcement need immediate attention. Additionally, while increased incident reporting reflects greater awareness or usage of online platforms like UPI for financial transactions in states such as Madhya pradesh-home to India’s growing IT-based growth-the data underscores critical vulnerabilities that could lead to mistrust among users.
For long-term economic stability and public confidence in digital payment systems championed at national levels-including initiatives like Digital India-it will be crucial for state governments to invest appropriately in improving police training on tech-related crimes as well as fostering tighter inter-agency collaboration. Such steps should focus not just on detection but also on effective fund tracing mechanisms.