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.