Cyberabad police holds coordination meeting with bankers to curb rising cybercrime losses

Cyberabad police held a coordination meeting with bankers to strengthen action against rising cybercrime cases, including mule accounts and digital frauds. Officials highlighted losses of ₹438 crore in 2025 and urged faster response mechanisms and improved bank-police coordination.

Hyderabad: The Cyberabad police on Saturday conducted a coordination meeting with bankers working with different banks. The meeting focused on strengthening coordination between banks and law enforcement agencies for faster and more effective action in cyber crime-related cases, particularly issues related to mule accounts, freeze and de-freeze procedures, refunds, and digital fraud investigations.

Addressing the gathering, Cyberabad Police Commissioner Dr. M. Ramesh said cyber crime has become one of the most serious threats in society, with many people losing huge amounts of money through online scams, fake investment schemes, pre- launch offers, call centre frauds, cryptocurrency scams, and other digital frauds. He said several victims have lost their life savings, causing severe financial distress to families.

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He added that cyber fraud losses in Cyberabad amounted to Rs.438 crore in 2025, while losses of around Rs. 104 crore have already been reported in 2026 so far.

The Cyberabad CP stressed the importance of securing banking data, stopping mule accounts, and ensuring timely support to cyber crime investigations.

He urged banks to establish dedicated and centralized cyber cells for quick response to complaints and better coordination with police. He also appealed to the public to remain alert, verify offers before investing money, immediately report suspicious activities, and avoid assisting cyber criminals knowingly or unknowingly.