In this episode, Anchor Riya discuss the alarming rise in cybercrimes, with a specific focus on a recent case in Bengaluru where two residents collectively lost Rs 95 lakh to cyber fraudsters using fake videos of prominent figures like N R Narayana Murthy and Mukesh Ambani. The episode highlights how these criminals exploit trust and manipulate people into falling for fake investment platforms. We also cover the broader issue of the rise in cybercrime globally and in India, stressing the importance of vigilance, digital literacy, and staying updated on safety measures in the digital age.
#CyberCrime #OnlineFraud #BengaluruScam #FakeVideos #CyberSecurity #DigitalSafety #StaySafeOnline #ScamAlert #CyberAwareness #InvestmentScams #CyberProtection #OneIndia #OneIndiaNews
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#CyberCrime #OnlineFraud #BengaluruScam #FakeVideos #CyberSecurity #DigitalSafety #StaySafeOnline #ScamAlert #CyberAwareness #InvestmentScams #CyberProtection #OneIndia #OneIndiaNews
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NewsTranscript
00:00In the age of technological innovation and easy internet access, the world is more connected
00:11than ever before.
00:12However, this connectivity has also brought with it a new wave of crimes.
00:18Yes, we are once again talking about these cyber crimes.
00:22These digital offenses range from identity theft to data breaches to online fraud, even
00:28to cyber bullying.
00:30And they have become an alarming concern for everyone, be it the government, be it the
00:35businesses and individuals alike.
00:37One of the most troubling aspects of cyber crime today is the increase in online fraud,
00:43where individuals are swindled out of large sums of money through fake websites, phishing
00:49schemes or fraudulent investment opportunities.
00:52A recent case in Bengaluru sheds light on this growing menace and exemplifies how cyber
00:59criminals are targeting ordinary citizens using manipulative tactics.
01:03On November 4, 2024, it was reported that two residents of Bengaluru collectively lost
01:09a staggering amount of rupees 95 lakh rupees to cyber fraudsters after falling victim to
01:16a deceptive scheme involving fake videos.
01:19These videos, which allegedly featured prominent figures like the Infosys co-founder N R Narayan
01:26Murthy and Reliance Industries chairman Mukesh Ambani, were used to lure victims into clicking
01:33on malicious links that led to fake investment platforms.
01:37This particular scam highlights a new form of deception, the manipulation of public trust
01:44through fake videos of well-known personalities to gain credibility.
01:49The victims, one of whom was a woman and the other a retired employee, failed to verify
01:54the authenticity of the videos and links they clicked on.
01:58The fraudster made convincing promises of huge returns on investments and both individuals
02:05ended up transferring large sums of money.
02:08The woman initially invested rupees 1.4 lakh and received a small return of 8000.
02:15Encouraged by this small success, she then invested further of rupees 6.7 lakh and later
02:21around 67 lakh rupees.
02:24However, once the money was transferred, the returns stopped and she realized she had been
02:30duped.
02:31Similarly, the retired employee lost rupees 19 lakh after investing in an identical scheme
02:38that promised quick and high returns.
02:41This particular scam is an example of the growing trend of social media-based frauds
02:46where people are encouraged to click on suspicious links, share personal information and invest
02:53money into fake schemes.
02:55These cases serve as a stark reminder of how cybercriminals are using increasingly sophisticated
03:02methods to manipulate people.
03:05Individual losses like those reported in Bengaluru can be devastating, especially for retirees
03:11and people with limited financial resources.
03:13Now, to give you a little idea of how big this crisis is, let me share some data with
03:20you.
03:21According to the 2023 Cybersecurity Venture Report, cybercrime damages are projected to
03:28cost the world $10.5 trillion annually by the year 2025, a sharp rise and increase from
03:36$3 trillion from the year 2015.
03:40Now, if I talk about the data of India, the National Crime Records Bureau, NCRB in short,
03:46statistics show that in year 2020 alone, the country registered over 50,000 cybercrimes,
03:53which was an increase of more than 20% compared to the previous year.
03:58In fact, in 2022 alone, the country reported losses exceeding of 12,000 crore due to various
04:06forms of cyberfraud.
04:09People today use internet literally for everything, be it social networking or shopping to banking
04:15and investing.
04:16While this brings a lot of convenience, it also opens doors for fraudsters who exploit
04:22the lack of digital literacy and awareness among the users.
04:26As cybercrime continues to rise, it is essential for individuals to take steps to protect themselves
04:32from falling prey to online frauds.
04:35The rise of cybercrime is an unfortunate side effect of the digital revolution.
04:41The Bengaluru Scam serves as a warning about the dangers lurking online and the importance
04:46of vigilance in the digital world.
04:49In this interconnected world, staying safe requires both caution and education, and that
04:55is why it becomes our utmost priority and responsibility to stay updated and alert.
05:03That's all in today's episode, stay safe and stay updated.
05:07I am your host Rhea and you are watching OneIndia.