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The data was introduced by federal junior dwelling minister Bandi Sanjay Kumar on Wednesday within the decrease home of the Indian parliament, regionally known as Lok Sabha.

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Kumar mentioned, in response to the National Cybercrime Reporting Portal (NCRP) and Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), the entire quantity of losses incurred by residents as a result of cyber frauds in your entire nation in 2024 was over 2.64 billion U.S. {dollars} as in comparison with 863.8 million {dollars} within the earlier yr.

The minister acknowledged 3,637,288 incidents of on-line monetary fraud have been reported on NCRP and CFCFRMS in 2024 as in comparison with 2,442,978 in 2023.

According to the information shared by the minister, 2,268,346 cyber crimes have been reported in 2024, reflecting a 42.08 p.c yearly improve.

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