Bengaluru has witnessed a significant drop in traditional cybercrimes like One-Time Password (OTP) scams and phishing, but more advanced and sophisticated scams, such as digital arrest fraud and stock investment schemes, have been on the rise.
Data obtained by DH shows that OTP scam cases fell dramatically from 1,860 in 2022 to 1,334 in 2023, and further to 893 in 2024 (as of November). This marks a sharp 51.98% decline in two years. Similarly, phishing cases — cyberattacks through fake emails, texts, and calls targeting sensitive personal information — dropped by 68.09%, from 605 cases in 2022 to just 193 in 2024.
However, the nature of cybercrime shifted in 2024. Fraudulent stock investment schemes, part-time job offers, and digital arrest scams saw a staggering surge. Investment scam cases rose from 411 in 2022 to 3,754 in 2023 and further jumped to 5,707 in 2024, reflecting a massive 1,288.56% increase.
Another growing concern is FedEx courier fraud. Victims are coerced into believing that a suspicious package in their name contains illegal items, leading to false arrest threats. These cases increased from 403 in 2023 to 1,417 in 2024 — a 251.61% rise. No such cases were reported in 2022.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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