Cyber fraud is a growing problem in India, with criminals using a variety of techniques to commit their crimes. Cyber fraud is defined as the use of technology to commit fraud or other crimes for financial gain. Cyber fraud has become increasingly common in India, with estimates suggesting that it has cost the country up to $1.7 billion in losses in 2020 alone.

One of the most common types of cyber fraud in India is phishing, in which criminals send emails or create websites to try and obtain personal or financial information from unsuspecting victims. This can be done through sending emails with links that lead to malicious websites, or by setting up seemingly legitimate sites with forms that ask for sensitive information. Criminals can then use this information to access bank accounts, steal money, or even commit identity theft.

Another type of cyber fraud in India is called “SMiShing”, which stands for “Short Message Service phishing”. This type of fraud involves the sending of text messages to people, usually from unknown numbers, that contain malicious links or malicious content. These links can lead to websites that collect personal and financial information or malicious code that can infect computers and other devices.

Another type of cyber fraud in India is called “vishing”, which stands for “Voice phishing”. Vishing involves criminals making phone calls and trying to convince victims to reveal personal information or financial details. Criminals may use social engineering techniques such as making false promises or pretending to be from a legitimate organization in order to trick victims into disclosing their information.

Finally, another type of cyber fraud in India is called “credential stuffing”, which involves the use of stolen usernames and passwords to gain access to online accounts. Criminals can use these stolen credentials to access banking accounts and make fraudulent transactions, or to commit identity theft. Identity theft is another type of cyber fraud. It occurs when an individual’s personal information is stolen and used by someone else. This type of fraud is often used to commit financial frauds, such as opening a new bank account or making online purchases.

Online banking fraud is a form of cyber fraud that involves the transfer of funds from one account to another without the knowledge or authorization of the account holder. Attackers usually use spoof websites or malicious software to gain access to the user’s account details.

Ransomware is a type of malware that encrypts a user’s files and then demands a ransom in exchange for the decryption key. Cybercriminals often use ransomware to extort money from their victims.

These are just a few of the different types of cyber fraud in India. It is important to be aware of these types of fraud and to take measures to protect yourself and your data from them. This includes only giving out personal information on secure websites, never clicking on links from unfamiliar emails or websites, and using strong passwords and two-factor authentication wherever possible.