Why Indians lose most money in tech scams

India-based fake call centres have mushroomed in a big way to defraud people across the globe. In Microsoft’s new findings of its 2021 survey, India is seen as the hub of such call centre talent being put to criminal use.

The survey, comprising 16 nations and 16,254 adult internet users, found that seven out of 10 in India encountered tech support scams in the past year. As many as 31% of those who continued with scam interactions lost money in 2021, an 17-point increase from 2018. Millennials and men were most susceptible to losing money from scams, says the survey.