Visakhapatnam Cyber Fraud: Educated Residents Targeted in Multi-Crore Scams
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Cyber Fraud Crisis in Visakhapatnam: Educated Targeted, Crores Lost Daily
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News18•06-03-2026, 07:28
Cyber Fraud Crisis in Visakhapatnam: Educated Targeted, Crores Lost Daily
•Cybercriminals are rampant in Visakhapatnam, targeting educated individuals and trapping an average of 15 people daily, leading to crores in losses.
•Scams include fake online stock trading (Ramu lost Rs. 85 lakhs), credit card limit increases (Kumar lost Rs. 2 lakhs), and fake traffic challans (Bhavani lost Rs. 20,000).
•Fraudsters employ approximately 24 types of scams, including cryptocurrency trading, reward points, part-time jobs, KYC updates, and electricity bill payments.
•Police advise extreme vigilance against unknown calls, messages, and links; report losses immediately to cybercrime police.
•Quick reporting can prevent money from being transferred, as 15 victims approach the cyber police station daily, losing Rs. 20,000 to lakhs each.