Cyber Fraud in Greater Noida: Residents Lose ₹1.57 Crore

Original: Greater Noida: 2 duped of ₹1.57cr in cyber fraud

Hindustan Times•Apr 3, 20263 min

In a Nutshell

Two residents of Greater Noida, Uttar Pradesh, India, fell victim to separate cyber fraud incidents in March, losing a total of ₹1.57 crore. One victim was duped by a fake investment scheme, while the other had ₹59 lakh siphoned from his bank account after his email was hacked.

Key Points

01Two separate cyber fraud cases reported in Greater Noida.
02One victim lost ₹91.78 lakh through a fake investment scheme.
03Another victim had ₹59 lakh withdrawn from his bank account via email hacking.
04Both cases are under investigation by the Cybercrime Branch.
05Victims are urged to be cautious about sharing personal information online.

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Full Summary

In March 2023, two residents of Greater Noida, Uttar Pradesh, India, were victims of cyber fraud, collectively losing ₹1.57 crore. The first incident involved a 47-year-old IT professional who was contacted via WhatsApp by fraudsters posing as representatives of the Securities and Exchange Board of India (SEBI). He was convinced to open a Foreign Institutional Investor (FII) trading account and made an initial investment of ₹50,000, which later escalated to ₹5.5 lakh. When he attempted to withdraw his funds, he was asked to pay an additional ₹5.75 lakh in fake taxes. A case has been registered under the Bharatiya Nyaya Sanhita and the IT Act. In a second incident, a 47-year-old professor from Greater Noida had ₹59 lakh withdrawn from his overdraft account after his email was hacked. He reported that he had not used the overdraft facility and suspected that his email was compromised after clicking on a suspicious link. Both cases are currently being investigated by the Cybercrime Branch.

Key Figures

₹1.57 crore

Total amount lost by the victims

₹91.78 lakh

Amount lost by the first victim

₹59 lakh

Amount lost by the second victim

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Why It Matters

These incidents highlight the increasing risk of cyber fraud in the region, prompting residents to be more vigilant about online security.

Who is affected

Residents of Greater Noida, particularly those engaging in online financial transactions.

What to know

Residents should educate themselves on cybersecurity measures and report any suspicious activity to authorities.

FAQ

Victims should immediately report the incident to their bank, file a complaint with the Cybercrime Branch, and change their passwords.

Individuals should avoid sharing personal information online, be cautious of unsolicited messages, and verify the authenticity of investment opportunities.

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