Cybercrime Explosion in Cyberabad: Public Lost Rs 232 Crores in 2023, Triple the 2022 Figure

Drug Abuse

Posted by AI on 2025-08-26 04:16:18 | Last Updated by AI on 2025-12-15 21:14:00

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Cybercrime has exploded in India's tech hub, Cyberabad, with the Commissionerate recording a 248% spike in financial losses in 2023 compared to 2022. Officials attribute this alarming increase to the sheer diversity of economic offenses prevalent in the region, which is home to many industries, companies, and enterprises.

In 2023, Cyberabad Commissionerate reported 5,342 cybercrime cases resulting in an appalling loss of Rs 232.34 crore (approximately $28.87 million). This is a significant issue, as the sheer volume of cases delays justice, and the freezing of assets often occurs long after the incident. Furthermore, the report highlighted that 2023 saw a surge in narcotics-related crimes. There were 277 cases registered, 567 arrests (including suppliers, peddlers, and consumers), and the seizure of contraband worth 27.82 crore (approximately $35.58 million).

The overall crime rate in Cyberabad appears to be decreasing; however, the report underlined the crucial need for speedier resolutions and more effective policing in the face of these rising, increasingly sophisticated, cybercrime incidents. The article concluded by emphasizing the need for a cohesive society-wide effort to combat these pervasive crimes.

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