Explained: How 15,000 Indians were conned out of Rs 712 crore in cyber fraud

News Snapshot:

Everyone knows that cybercrime is on the rise. And yet, cybercriminals seem to find new ways to scam people out of their hard-earned money. The Hyderabad Police recently busted a Chinese-run scheme that defrauded over 15,000 Indians including some highly-paid software professionals out of Rs 712 crore. Let’s take a closer look at what happened and how the police cracked the case: What happened? As per NDTV, the Hyderabad Police’s cybercrime branch began looking into the case in April after a complaint from a victim named Shiva. Police found that the criminals enticed people on WhatsApp and Telegram by offering...