Digital arrest fraud: Indians lost Rs 120 crore in January-April 2024
New Delhi: Indians lost a whopping Rs 120.3 crore to ‘digital arrest’ fraud schemes during the first quarter of 2024, according to recent government data. This alarming trend was highlighted by Prime Minister Narendra Modi on Sunday.
The Ministry of Home Affairs (MHA), which oversees cybercrime at the national level through the Indian Cybercrime Coordination Centre (I4C), noted that digital arrests have recently emerged as a common method of cyber fraud. Many perpetrators of these scams are located in three contiguous southeast Asian countries: Myanmar, Laos, and Cambodia.
In its analysis of trends from January to April, the Indian Cybercrime Coordination Centre (I4C) found that 46 percent of cyber frauds reported during this period, resulting in cumulative losses of approximately Rs 1,776 crore, originated in these three countries.
As many as 7.4 lakh complaints were received between January 1 and April 30 this year, while 15.56 lakh complaints were received in 2023, according to the National Cybercrime Reporting Portal (NCRP) data as cited by Indian Express.
According to I4C, there are four types of scams — digital arrest, trading scam, investment scam (task based) and romance/dating scam. “We found that Indians lost Rs 120.30 crore in digital arrest, Rs 1,420.48 crore in trading scam, Rs 222.58 crore in investments scam, and Rs 13.23 crore in romance/dating scam,” Chief Executive Officer (I4C), Rajesh Kumar had said while releasing the January-April data in May, according to the publication.
I4C zeroed in on Myanmar, Laos, and Cambodia after analysing data on its NCRP, inputs received from states and Union Territories, and some open-source information, IE added.
Kumar emphasised that cybercrime operations in these countries employ various deceptive tactics, such as using social media to recruit Indians by offering fraudulent employment opportunities.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
UK workers face some of Europe's greatest job stress: Report
London: British workers are facing some of the highest levels of job stress in Europe, with long working hours, tight deadlines, and limited autonomy, without being any more productive, according to a new report. The findings come as the UK's new Labour government prepares to introduce tougher regulations for employers.
The report, produced by the Commission for Healthier Working Lives — a body set up by the Britain's Health Foundation think tank and trade union representation — reveals that three-fifths of the UK workforce experience tight deadlines, and two-fifths had to work at high speed, as cited by Reuters on Monday. These figures are among the largest proportions in Europe. In contrast, only a third of workers have the autonomy to choose the pace of their work.
Jonny Gifford, principal research fellow at the Institute for Employment Studies and one of the report's authors, stressed that long hours, work intensity, and lack of control are problem areas that should be addressed.
The report noted that workers in certain sectors, particularly construction, transport, warehouses, retail, and hospitality, face the most demanding conditions, while professional roles like teaching and nursing also reported particular strain.
The report highlighted that the UK ranks poorly across nearly every measure of workplace demands, control, and job strain in comparison to other European nations. About half of the UK's workforce reported feeling exhausted from work, and stress levels have risen significantly over the past 25 years.
