India loses ₹107 crore to cyber fraud in the first three quarters of this fiscal

India has lost ₹107.21 crore to cyber fraud in the first three quarters of the ongoing financial year (FY25), with 13,384 cases reported so far, according to data presented in the Lok Sabha.

India’s rapid adoption of digital payments has brought convenience but also a surge in cyber fraud. With more transactions happening online, fraudulent activities — particularly in card, internet, and digital payments — have seen a sharp rise in recent years.

While the Reserve Bank of India (RBI) does not maintain a centralised database of cyber fraud…