80% of cyber crimes are not reported after demonetization

 SMTV Desk 2017-01-10 17:39:35   Hyderabad,Modi,cyber crimes,fraudsters,digital transactions,demonetization,cyber security experts,
80% of cyber crimes are not reported after demonetization

Hyderabad, January 10: As we know that, The growth rate of cyber crimes are increasing rapidly, especially after the demonetization move.Most of the people may have been forced to use digital transaction, and have ended up getting duped by fraudsters, said cyber experts on Monday. Close to 80% of Cyber crimes are not reported, they said.According to cyber security experts, demonetization has opened a Pandora s box of cyber crime, most of which is not reported. Speaking at a conference on Cashless transactions and cyber security, Rachakonda police commissioner Mahesh M Bhagwat said, "It was important for people using digital transactions to tread with caution as criminals are always updating themselves"."Many in the city are going unreported, we want the people to come forward and lodge complaints. If they do not do so we cannot take action against the accused. As more people use digital transactions, the number of cases of cyber crime is also going up now," Bhagwat said.I.L. Narasimha Rao, project manager at Centre for Development of Advanced Computing, asked officials to encourage people to report cyber crime cases."Close to 80% of the cyber crime that takes place goes unreported. In this age, when everyone is using a mobile application to make payments, it is pertinent for them to tread with caution," he said.