SE Asia nations origin of nearly half of financial frauds in India: MHA

Southeast Asian countries, including Cambodia, Myanmar, and Laos, have emerged as the major hotspots of cybercrimes, with around 48 per cent of financial frauds in India originating from these countries, according to The Indian Cyber Crime Coordination Centre (I4C). I4C is a body established by the Union Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies to deal with cybercrimes in a coordinated and comprehensive manner. “We are seeing a spurt in organised cybercrime emanating from Southeast Asia. The volume of cybercrime, the number of victims and the amount of money lost has been increasing,” said Rajesh Kumar, Chief Executive Officer of I4C. “We are finding that Indians are working from these scam compounds in Southeast Asia and are victimising their own countrymen back home. Some of them are innocently going as victims of cyber-enabled human trafficking, and some of them are doing it knowingly,” he said.