India’s digital payment revolution has brought convenience—but also a surge in online scams. In 2024 alone, $1.3 billion was lost to cyber fraud, highlighting the urgent need for action. From phishing attacks to investment scams, digital threats are evolving rapidly.
Most victims never recover their losses, as Indian banks lack robust fraud insurance protections for their customers. Without stronger cybersecurity measures, stricter laws, fraud insurance, and digital literacy initiatives, millions remain vulnerable.

The need for action is now. Is India prepared to tackle this rising digital menace?