Hail demonetisation: Pune credit card frauds skyrocket
In the first four months of the year, the cyber cell of Pune police have received 961 complaints, far more than the 737 complaints recorded during the same period in 2016.Updated: Jul 06, 2017 15:35 IST
Hindustan Time, Pune
Demonetisation of Rs 500 and Rs 1,000 currency notes have pushed the number of online transactions in the city, and cases of card-related frauds have also skyrocketed in the first few months of 2017. In the first four months of the year, the cyber cell of Pune police have received 961 complaints, far more than the 737 complaints recorded during the same period in 2016, according to Senior Police Inspector Radhika Phadke, Cyber Cell.
The Pune cyber crime cell received 2,079 cases in 2016, while the number has touched 1,519 between January and April 2017, she said.
Regarding the number of cyber cases in 2016, Rashmi Shukla, Pune Police Commissioner, claimed that in comparison to the complaints in 2016, 505 complaints were registered in 2015 and 350 in 2014. Since then, various schemes launched by the government have required online presence and transactions by bank account holders. For example, bank policies like know your customers (KYC)and government-mandated policies like linking of Aadhaar card with bank accounts provide fodder to the people with malicious intent.
Even after repeated warnings, people remain gullible to fraudsters as they give away their credentials over phone calls and SMSes, said Phadke. The fraudsters tweak their way to stay ahead of the ones who came before them, said Phadke, making it more difficult for the police to crack cases. According to the number of cases provided by Sr PI Phadke, last year, 35.44% of the cases were ATM and/or credit and debit card related whereas the share per cent of these cases has gone up to 63.26%.
Sudhir Hiremath, Deputy Commissioner of Police, Cyber Cell agrees that demonetisation has led to exponential rise in cyber transactions and in the process of shifting operation from manual to virtual, people fall prey to various schemes.
First Published: Jun 09, 2017 12:40 IST