‘Recovery in cyber frauds a challenge’

Sunil Pradhan
Saturday, 16 December 2017

Pune: While the city police Cyber Crime Cell has been successful in helping over 123 victims in getting the refund of over Rs 60 lakh in two years, police officials of the cell say that awareness and policy measures will help in increasing the refund amount in cyber crime cases. 

Police officials and cyber experts say that Rs 60 lakh is a small amount compared to the huge amount people lose in such crimes. While the number of cyber crime complaints has increased from 500 to 2,000 in last three years, around 40 per cent of which are related to financial frauds. 

Pune: While the city police Cyber Crime Cell has been successful in helping over 123 victims in getting the refund of over Rs 60 lakh in two years, police officials of the cell say that awareness and policy measures will help in increasing the refund amount in cyber crime cases. 

Police officials and cyber experts say that Rs 60 lakh is a small amount compared to the huge amount people lose in such crimes. While the number of cyber crime complaints has increased from 500 to 2,000 in last three years, around 40 per cent of which are related to financial frauds. 

“Recovery in such cases continues to remain a major challenge for us. We had arrested an African national in a financial cyber fraud case and he had hardly few thousand in his account. On further investigation, we found he had routed all the fraud money to his home. In many cases, the accused has just spent the money on his lavish lifestyle, which makes recovery in such cases difficult.

Moreover, the accused routes the fraud money through multiple links, which makes the tracing of money difficult,” an official from cyber crime department said.

Another senior official of the department said that any victim of such fraud should be alert and report the incident at the earliest. “Banks take some time for the transaction of the amount and so people must immediately try to stop the transaction if they feel the transaction is not authorised by them. Similarly, people should have two bank accounts, one for the daily transaction with less amount in it and the other bank account can be their saving bank account as many fraudsters continue to withdraw money maximum times once they get your bank credentials,” added the official.

Police officials said that the number of cases lodged, the number of people arrested and the number of people convicted in cyber crime cases is very less and so recovery from accused in such cases remains a challenge.

Cyber expert Anil Raj of Cybervault Security Systems Private Limited said that international cyber law, which will help tie-ups with police officials of all countries, will help in cyber crime cases. “Similarly, it is high time that people are aware of cyber crime and cyber criminals so that they do not become a victim,” added Raj.

Precautions to be taken
- Victims should report to the police and bank immediately if there is any unauthorised bank transaction in their bank account.
- Each transaction should have multi-level authentication.
- Transaction of high amounts and repeated transaction in short period should have time gap so that customer gets alerted if it is a fraud transaction.
- Banks should have alert mechanism if unusual transactions have been made in their customers accounts. 

Cyber crime cases registered with Pune police 
Year    cases
2014    140
2015    85
2016    269

- 113 of 269 cases of cyber crime cases in 2016 in Pune related to illegal gain.
- 91 males and 4 females were arrested in cyber crime cases in 2016 in Pune.
- No person was convicted in cyber crime case in 2016 in Pune. 
Source: National crime record Bureau and pune police.

Related News