Cybercriminals Shift Tactics: Fake Trading Apps Replace Digital Arrests, Reveals MHA Data

• Cybercriminals now primarily use fake trading apps and websites, not digital arrests, as their new modus operandi.
• MHA's Cyber Fraud Mitigation Center (CFMC) unifies agencies to combat cybercrime, focusing on tracking money.
• 70% of money lost in cybercrimes is now through fake trading platforms, exploiting greed and fear.
• The 'golden hour' is crucial for reporting fraud on 1930 or cybercrime.gov.in for higher success rates.
• Maharashtra, UP, and Rajasthan are identified as new hubs for mule accounts, used to launder illicit funds.