Overview

• Ten months after launch, the suspect registry has declined 13 lakh fraudulent transactions and averted Rs 5,111.8 crore in losses, with data shared across 61 banks and financial institutions.
• Ahmedabad’s Paldi police arrested six suspects and seized Rs 3.16 crore in cash after a Rs 25,000 complaint led to a laundering chain linked to 518 complaints and over Rs 23.23 crore in transactions.
• Authorities say cyberfinancial fraud continues to cost India over Rs 1,000 crore each month, even as 3.54 lakh beneficiary accounts have been frozen and 11.1 lakh unique suspect accounts flagged.
• Mumbai Cyber Cell arrested two men from Jalgaon for allegedly helping route Rs 1.25 crore from a 72-year-old victim in a ‘digital arrest’ scam to overseas handlers.
• Cases reported across states detail rented bank/SIM accounts, fake investment apps and encrypted messaging groups; recoveries often remain partial, as seen in an Indore case where Rs 11.65 lakh was returned from a Rs 54 lakh loss.