India's NHRC Reports Over ₹52,976 Crore Lost to Cyber Fraud in Six Years

India's National Human Rights Commission (NHRC) has highlighted a staggering financial toll from cyber fraud, reporting that citizens have lost approximately ₹52,976 crore over the last six years. A concerning trend identified is the rise of 'digital arrest' scams, which account for nearly 8% of these total losses.

The NHRC noted that these fraudulent activities not only cause immense financial hardship but also inflict severe psychological distress and human rights violations. During an open house discussion chaired by NHRC Chairperson Justice (retd) V. Ramasubramanian, it was explained that fraudsters prey on public fear of law enforcement agencies to extort money. The recovery process for victims is often as distressing as the initial loss.

Elderly citizens, including retired government officials, professionals, and bankers, are particularly vulnerable and have been identified as primary targets. Last year alone, over 3,000 digital arrest frauds targeting senior citizens were reported. The commission expressed serious concerns about data privacy, as cybercriminals increasingly utilize personal data obtained through leaks and other breaches to target individuals effectively. The evolving nature of digital governance and financial systems aids criminals in committing fraud and laundering money.