Cyber Scam Money Recovering

Every second, someone in India is victimized by cybercrime. According to government officials, India has lost 1100₹ crore rupees in the past months. A trading scam accounts for half of the total amount. 

The most common problem with cyber fraud is inexperienced and immature financial investments. Government officials have begun to launch cyber awareness campaigns. That's the reason Prime Minister Narendra Modi started the campaign through mankibat.

However, even highly educated citizens are victims of cybercrime. There are different types of cyber frauds.

Digital Arrest 

The current situation indicates a peak in digital arrest. Scammers posing as government officials are contacting citizens. Citizens are unaware of the proceedings of the departments, so they believe that the scammer is an authorized official and follow their instructions. Digital arrest is a form of virtual arrest. In Indian criminal Law never support digital arrest. If a person is involved in a crime there is a procedure to follow through law. First the person has the right to meet or inform the lawyer.

After the Digital Arrest the scammers are asking money or bank account details from the victims. 

Trading Scam and Crypto scam

In India, the stock market is managed by SEBI and BSE. There are few third-party applications also used for the invest. However, many individuals investing amount into fake applications. Scammers create fake investment websites and display fake candles of stock growth, which are actually just fake graphic lines that have nothing to do with any stocks. 

Crypto is a modern currency. Cryptocurrency is neither legal nor illegal in India. As a result, scammers use cryptocurrency to transfer fraudulent funds with the help of innocent people.

Job Fraud

The scammers giving fake jobs and collecting the bank or personal details details of individuals.

How to recover the lost money.

There are different methods to revert the lost amount. The quickest complaint registration is the most effective way to prevent cybercrime and financial loss. If the transaction is frozen due to bank procedures, you can easily revert from the bank. Otherwise you need to file a petition before the jurisdictional court.