600 Crore Lost by Telangana Cyber Crime Victims

Police in Hyderabad are very worried about the growing number of online fraud cases. Many private workers, including techies and business leaders, have fallen for scams that promise easy money through part-time jobs.

A techie named E. Sujatha (name changed) fell for online theft when she answered an ad for a part-time job on Telegram. The ad said it would be easy to make money with little work, so Sujatha put up 1,000 rupees. However, she lost 24 lakhs in just two days.

Since June 2021, people in Telangana have lost a huge 600 crores. Police officials say that victims' greed and lack of knowledge are to blame for the high number of cybercrimes.

Another person who lost money was a businessman from Ghatkesar who lost two crores. This was one of the biggest individual loses in recent years.

Cybercrime has been on the rise, and victims have lost a lot of money, from lakhs to crores. Police say that the victims' greed and lack of knowledge are to blame for how often these crimes happen.

Fraudsters often live in other states or countries, making it hard for the police to find them. Even though people have tried to solve the problem, clients often find it hard to get their money back and sometimes borrow money from friends and family to invest in these schemes.