Archive · 2 Aug 2025
India Faces Rising Digital Fraud, Rs 23,000 Crore Stolen in 2024
Digital thieves are stealing a lot of money online in India.
In 2024, people lost over Rs 22,842 crore due to these scams.
This is a lot more than previous years.
The use of apps like Paytm and PhonePe is growing, which makes it easier for criminals.
Experts predict that losses will be even higher in the coming year, which may be linked to increased digital payment use, and the increased sophistication of cybercriminals.
The government is trying to stop this, but it's a big challenge.
India lost Rs 22,842 crore to online financial fraud in 2024.
Cybercrime complaints in India reached approximately 20 lakh in 2024.
Digital fraud losses are projected to exceed Rs 1.2 lakh crore in 2025.
Digital payment adoption, including UPI, has increased rapidly, especially since the COVID-19 pandemic.
Bank fraud losses saw a near eightfold jump in the first half of FY2025/26.
- Who
- Cybercriminals target individuals and financial institutions.
- What
- Indians are losing billions of rupees to online financial fraud.
- When
- Significant losses occurred in 2024, with projections of even larger losses in 2025.
- Where
- Cybercrime is prevalent across India, affecting various sectors.
- Why
- To steal money and sensitive information using increasingly sophisticated online scams.
General Public
Cybercriminals
User Behavior vs. Criminal Tactics
General Public
Users share financial details recklessly and lack awareness of cyber risks.
Cybercriminals
Cybercriminals are exploiting user behavior and employing AI for fraud.
- Losses in 2024
- Rs 22,842 crore
- Cybercrime Complaints in 2024
- Nearly 20 lakh
- Projected Losses in 2025
- Over Rs 1.2 lakh crore
- Increase in Bank Fraud
- Nearly eightfold (first half of FY2025/26)
- UPI Transactions (June 2025)
- Over 190 lakh
