A Secunderabad man lost Rs 24.44 lakh after cyber scammers lured him into investing in a fake gold trading app promising high profits. When he was unable to withdraw his money, the fraudsters demanded more payments. A case has been registered
Cyber scammers are using “forwarding fraud” to divert calls and SMS messages from victims’ phones by tricking them into dialing USSD codes. Forwarded OTPs enable theft from bank and UPI accounts. Police urge caution, checking call forwarding, and reporting suspicious activity
Fraudsters are cashing on the greed of people and luring them with various lucrative offers. Officials say the money people are losing with cybercrime is comparatively more than the regular crimes.
The Telangana Cyber Security Bureau (TGCSB) Madhu Babu Gali (49), branch manager SBI Shamsheergunj and Upadhya Sandeep Sharma (34) in connection with the Rs. 175 crore cyber scam unearthed by the bureau earlier on Sunday.
