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Alert: Cyber Crimes in Hyderabad increased post-demonetisation

HYDERABAD: Post deometisation, as the digital transactions started gaining popularity; the rate of cyber crimes related will also increase.

According to Times of India report, the city has witnessed a steady increase in cyber fraud cases since many moved to cashless transaction and therefore have ended up getting duped by Cyber criminals.

As per cyber security experts, close to 80% of cybercrimes goes unreported.

Mahesh M Bhagwat, Police Commissioner, Rachakonda speaking at a conference on ‘Cashless transactions and cyber security,’ said that people using digital transactions need to tread cautiously as cyber fraudsters are always updating themselves to seek confidential details.

“Many cybercrimes in the city are going unreported, we want the people to come forward and lodge complaints. If they do not do so we cannot take action against the accused. As more people use digital transactions, the number of cases of cybercrime is also going up now,” Bhagwat said.

I L Narasimha Rao, project manager at Centre for Development of Advanced Computing , asked officials to reach out to people and encourage them to report cybercrime cases.

“Close to 80% of the cyber crime that takes place goes unreported. In this age, when everyone is using a mobile application to make payments, it is pertinent for them to tread with caution,” he said.