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HomeNewsBanks Collaborate with Udupi Police to Strengthen Cybercrime Prevention Efforts

Banks Collaborate with Udupi Police to Strengthen Cybercrime Prevention Efforts

Over 88 cyber crime cases have been reported in Udupi District, with a total fraud amount of ₹8 crore. Police are making their efforts stronger and more effective in stopping or reducing online crimes, such as digital fraud, phishing, or scams.

Superintendent of Police (SP) Hariram Shankar said that out of the ₹8 crore lost this year, ₹4.1 lakh has been returned to victims, and ₹51.7 lakh has been frozen before scammers could use it.

As per Times Of India report, When compared with previous year, in 2024, 203 cybercrime cases were reported, with ₹20.5 crore lost. Only 5 cases were solved, and ₹58.7 lakh was returned to victims. In 2023, there were 129 cases, and ₹4.5 crore was lost. Only ₹6.6 lakh was returned.

SP Hariram said that banks and police both face challenges while working on cybercrime. Most of the frauds in Udupi now are investment scams, where people are tricked into putting money into fake investment opportunities.

To deal with this problem a big meeting is scheduled on Wednesday, where two representatives from each of the 33 banks in the district, one technical expert and one administrative officer, will meet with the police. A small meeting was also held on Sunday for wednesday’s big meeting preparation. To make things work better, they will choose one officer, called a nodal officer, whose job will be to act as a link between the banks and the police. This person will help both sides communicate and work together more smoothly.

The main aim of all these steps is to speed up investigations, recover more money, and stop frauds before they happen. The goal is to improve how the police and banks have to work together to deal with online fraud.


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