India’s cyber fraud epidemic: Rs 22,845 crore lost in 2024; 206% jump from previous year, says government

India faced a massive surge in cybercrime in 2024, with financial losses skyrocketing to Rs 22,845.73 crore, a 206% increase from the previous year, according to the Home Affairs Ministry. Over 36 lakh financial fraud incidents were reported. The government’s initiatives, including the CFCFRMS, have helped save over Rs 5,489 crore.