‘Stock trading, investment scams drive 60% of cybercrime losses in Telangana’
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Stock trading and investment scams caused 60 per cent of cybercrime losses in Telangana.
- ✓Shikha Goel said, “People get trapped because of their fear, greed and ignorance.” Fraudsters now use sophisticated networks based outside India.
- ✓Authorities recovered ₹455 crore over the last two years, but these organised crimes remain a challenge.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Stock market and investment-related cyber frauds have emerged as one of the most financially damaging categories of cybercrime in Telangana, according to Shikha Goel, Director, Telangana Cyber Security Bureau.
She said nearly 60 per cent of the financial losses suffered by cybercrime victims in Telangana are linked to stock-trading and business investment frauds.
Speaking at a panel discussion on ‘Conversation on Cybersecurity: When Trust Becomes the Weapon — The New Battle for the Human Mind’ here on Tuesday, she said ₹455 crore lost to cyber fraudsters had been recovered over the last two years.
“Cybercrime is one of the most organised crimes. At the same time, it is also one of the most preventable crimes. People get trapped because of their fear, greed and ignorance,” she said.
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