Now Reading: Rs 102 crore stolen from senior citizens in Hyderabad cyber frauds
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Rs 102 crore stolen from senior citizens in Hyderabad cyber frauds
Hyderabad police chief V.C. Sajjanar said on Sunday that cyber criminals siphoned Rs 102.02 crore from people aged over 60 in 403 cases over the past 19 months. Most victims lost money…
The Story in Brief
Hyderabad police chief V.C. Sajjanar said on Sunday that cyber criminals siphoned Rs 102.02 crore from people aged over 60 in 403 cases over the past 19 months. Most victims lost money to fake digital arrests, OTP frauds and investment scams. Trading frauds were also common.
Police data from January 2025 to July 2026 shows 113 cases accounted for Rs 55.88 crore. Digital arrest scams alone cost victims Rs 31.93 crore in 69 cases. Sajjanar said quicker reporting and banking intervention have reduced monthly cases from an average of 24 in 2025 to 17 this year. Lack of family supervision, he added, often lets frauds go unnoticed until large sums vanish.
The Indian Opinion
Headlines about crores lost by elderly to cyber crooks stoke fear, but the real story is less dramatic. Police and banks have cut monthly cases by nearly a third through prompt action. Yet the Rs 30 crore lost this year shows scams still thrive. The question is not whether digital arrests are scary, but why families still fail to check on ageing parents' finances. A simple weekly call to ask about unusual transactions would save more than any awareness drive.
Source: deccanchronicle.com
This story was synthesised by AI from the source linked above.
