Now Reading: Hyderabad seniors lost Rs 102 crore to cyber fraud in 19 months
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Hyderabad seniors lost Rs 102 crore to cyber fraud in 19 months
Senior citizens in Hyderabad lost Rs 102.02 crore to cyber fraud in 403 cases registered between January 2025 and July 31, 2026, police commissioner V.C. Sajjanar said on Sunday. Trading scams accounted…
The Story in Brief
Senior citizens in Hyderabad lost Rs 102.02 crore to cyber fraud in 403 cases registered between January 2025 and July 31, 2026, police commissioner V.C. Sajjanar said on Sunday. Trading scams accounted for the largest losses: Rs 55.88 crore in 113 cases, Deccan Chronicle reports. Digital arrest frauds followed, with victims losing Rs 31.93 crore in 69 cases.
OTP frauds led to losses of Rs 4.94 crore across 115 cases. The monthly average of cases fell from 24 in 2025 to 17 in 2026, according to police. In one recent case, a 75-year-old retired officer lost Rs 96 lakh after being lured via a part-time job offer on WhatsApp. Police said immediate reporting allows them to freeze accounts during the 'golden hour' for fund recovery.
The Indian Opinion
The police commissioner blames children for not monitoring parents, but scamsters are the ones breaking the law. The real test is whether the banking system's 'golden hour' freeze actually returns money to victims, or just gives a comforting number. How many of the Rs 102 crore have been recovered so far?
Sources (2): deccanchronicle.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
