Online banking frauds see huge rise in Delhi post Covid-19 lockdown

As more people move to digital transactions, cybercriminals are finding new ways to exploit vulnerabilities in online systems. In the past year, there has been a significant increase in the number of complaints related to debit and credit card fraud, SIM swapping, and internet banking fraud in the city, according to a report in The Times of India (ToI).

The Delhi Police received 5,294 complaints related to debit-credit card and SIM swap frauds in 2022 against 2,483 in 2021. Scammers steal crucial details like CVV numbers and 16-digit card numbers from their targets by employing various nefarious methods.