In financial year 2024, the Reserve Bank of India (RBI) reported a total of more than ** thousand bank fraud cases across India. This was an increase compared to the previous year and turned around the trend of the last decade.

The losses incurred due to cyber fraud activity in India spiked to over *** billion Indian rupees in the financial year 2024. These were particularly attributed to credit card, debit card, and internet banking fraud. Cyber criminal activity in India has grown at an alarming rate over the past few years, with over ******* cases reported between January and April 2024 alone.

In the first four months of 2024, trading scams cost Indians losses of over ** billion Indian rupees, reported across more than ****** cases. According to the Indian Cyber Crime Coordination Centre, Indians fell victim to online investment fraud, algorithm manipulation, gaming and illegal lending apps, OTP scams, and sextortion.

This dataset provides year-wise, bank-wise data on reported digital payment frauds in India, including the number of fraud cases, total financial loss, and amount recovered across major banks

In financial year 2024, banking frauds in India amounted to over *** billion Indian rupees, a decrease compared to the previous year. By far, the most common frauds occurred in the advances' category, with *** billion Indian rupees. In these frauds, the fraudster receives money with the help of stolen or faked banking and/or ID cards. Fraud cases may have occurred long before they were discovered and reported. The numbers above represented reported cases in the respective time period.

In the initial four months of 2024, nearly ****** cases of investment scams were reported to the Indian Cyber Crime Coordination Centre established by the Ministry of Home Affairs of India. This was followed by reports of trading scams amounting to over ****** cases during the same period. The overall number of cyber crime cases in India reported during that period amounted to more than *******.

India Cyber Crime: IPC Section: Number of Cases Registered data was reported at 33,798.000 Unit in 2022. This records an increase from the previous number of 25,384.000 Unit for 2021. India Cyber Crime: IPC Section: Number of Cases Registered data is updated yearly, averaging 738.000 Unit from Dec 2002 (Median) to 2022, with 21 observations. The data reached an all-time high of 33,798.000 Unit in 2022 and a record low of 176.000 Unit in 2008. India Cyber Crime: IPC Section: Number of Cases Registered data remains active status in CEIC and is reported by National Crime Records Bureau. The data is categorized under India Premium Database’s Crime – Table IN.CRA001: Crime Statistics.

In 2022, the state of Telangana in India had the highest number of cyber fraud offences with over ************* cases registered with the authorities. The country recorded over *********** cases of cyber stalking and bullying offences that year. This category of crime came under the purview of Sections ***, ***, *** and *** of the Indian Penal Code.

In financial year 2024, the Reserve Bank of India (RBI) reported bank frauds amounting to more than ***** billion Indian rupees. This was a decrease from over *** billion rupees in 2023. Thereby, the value of bank frauds turned around the trend, after India witnessed a sharp increase in bank frauds over the last decade, both in total numbers and in value of frauds.

In 2022, the state of Telangana in India had the highest number of fraud offences related to online banking compared to the rest of the country, with over ************** cases registered with the authorities. The country recorded over ************ cases of internet banking frauds that year. This category of crime came under the purview of Sections *** of the Indian Penal Code.

With about ** cases registered with the authorities, the northern state of Uttar Pradesh in India had the highest number of digital forgery cases compared to the rest of the country in 2022. That same year, there were around *** cases of digital forgery recorded across the country. This category of crime came under the purview of Sections ***, *** and *** of the Indian Penal Code.

In 2022, there were over *** thousand cases of online banking frauds reported across India. This was a big increase in the number of banking fraud cases than the previous year. Telangana had the highest cases of about ***** banking frauds that year.

This statistic depicts the results of a survey conducted in January 2018 about the share of consumers who experienced financial fraud in the past year across India, by age group. During the survey period, around ** percent of banking consumers aged 27 to 37 stated that in the past 12 months, they had experienced financial fraud in India.

Over ******* cases of cyber crime were reported to the Indian Cyber Crime Coordination Centre (I4C) in India within the first four months of 2024 alone. The number of cyber crimes in the country saw a massive spike between 2019 and 2020 and has been on the rise ever since. Roughly ** percent of the reports in 2024 were related to online financial fraud.

In 2022, the state of Telangana in India had the highest number of reported cybercrimes compared to the rest of the country, with over ****** cases registered with the authorities. The country recorded over ****** cases of cybercrime that year, marking a significant increase compared to about ****** cases in 2016. Cybercrime in India The growing digital economy has created new opportunities for cybercriminals by introducing higher complexity or widening the scope of digital aspects in our daily lives. India is no exception, for example, the number of people arrested and charged for cybercrime across India in 2021 showed a wide spectrum of criminal charges including but not limited to blackmailing, forgery, sexual exploitation, or counterfeiting. Studies also indicated small businesses to be likely targets of such crimes. Combating cybercrime The country led in the encounter rate of cybercrimes, with **************** internet users reporting having experienced a cybercrime, compared to the world average of about four out of ten internet users in 2022. As the government pushes for a digital India, cybersecurity has become the need of the hour. Special initiatives such as the Indian Cyber Crime Coordination Centre, which helps to coordinate the efforts in combating cybercrime, as well as initiatives to raise public awareness and build institutional capacity to cope with it, have been funded by the government.

In a survey conducted in May 2023, ** percent of respondents in India claimed their matter related to financial fraud was still pending. ** percent stated that they filed a complaint with the platform and got the money back. As per the Reserve Bank of India's banking report a total of ***** fraud cases were reported in the first half of financial year 2023.

India saw a significant jump in cyber crimes reported in 2022 from the previous year. That year, over ****** cyber crime incidents were registered. Karnataka and Telangana accounted for the highest share during the measured period. Uttar Pradesh leads the wayThe northern state of Uttar Pradesh had the highest number of cyber crimes compared to the rest of the country, with over * thousand cases registered with the authorities in 2018 alone. India’s tech state, Karnataka, followed suite that year. A majority of these cases were registered under the IT Act with the motive to defraud, or sexually exploit victims. It's a numbers game It was estimated that in 2017, consumers in India collectively lost over 18 billion U.S. dollars due to cyber crimes. However, these were estimates based only on reported numbers. In a country like India, it is highly likely that the actual figures could be under-reported due to a lack of cyber crime awareness or the mechanisms to classify them. Recent government initiatives such as a dedicated online portal to report cyber crimes could very well be the main factor behind a sudden spike in online crimes from 2017 onwards.

In 2024, the number of data compromises in the United States stood at 3,158 cases. Meanwhile, over 1.35 billion individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2024 the financial services, healthcare, and professional services were the three industry sectors that recorded most data breaches. Overall, the number of healthcare data breaches in some industry sectors in the United States has gradually increased within the past few years. However, some sectors saw decrease. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

As of November 2021, the Enforcement case information report (ECIR) reported a total of 2283 cases of money laundering for cheating, fraudulent deeds, and disposition of property in India. This includes bank frauds, siphoning of government funds and Ponzi schemes. *** cases of money laundering are also being investigated as offences related to corruption in government agencies and public sector businesses.

In 2022, over ** thousand people were arrested due to cyber crimes across India. Furthermore, over ** thousand people were charged with legal proceedings for such crimes. Overall, the highest number of arrests and legal charges were recorded under computer-related offenses, followed by cyber crimes related to the publication and transmission of obscene and sexually explicit data.