Businesswoman Calls for Cyber Fraud System Reforms

A jeweller in Andheri lost Rs 3.55 lakh in a scam involving a fake customer, leading to a police investigation and account freeze. In Ghaziabad, former forensic analyst Karan Bhardwaj faces extortion charges after allegedly fabricating a rape accusation to extract money from a businessman. Meanwhile, citizens are advocating for reforms to the Citizen Financial Cyber Fraud Reporting System, highlighting issues with account freezes without prior notification. Cybercriminals are increasingly targeting individuals and organizations through various scams, including phone hacking and click fraud, which mislead users and inflate advertising costs. Reports from South Australia reveal significant financial losses among construction and agriculture sectors due to phishing scams, wherein scammers impersonate trusted figures to solicit payments. Experts urge vigilance against such scams by verifying requests and employing strong security measures.