Cyberabad Police, Banks Unite Against Cybercrime as Digital Fraud Losses Touch Rs 104 Crore in 2026
Cyberabad Police and major banks held a high-level meeting against cybercrime after digital fraud losses in 2026 crossed Rs 104 crore in Hyderabad.
Dr. M. Ramesh chaired a high-level coordination meeting with major banks to strengthen action against cybercrime and digital fraud in Cyberabad. Officials revealed that cyber fraud losses in 2026 have already reached Rs 104 crore, prompting police and banks to focus on faster response systems, immediate freezing of fraudulent transactions, and recovery of victims’ funds.
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The meeting focused on improving coordination between banks and law enforcement agencies to tackle rising online financial frauds.
Cyberabad Police Focus on Crackdown Against Mule Accounts
During the meeting, banks were urged to identify and block suspicious “mule accounts” allegedly being used by cyber fraudsters.
Officials discussed methods to strengthen monitoring systems and prevent misuse of banking channels for online scams.
Police said immediate detection and blocking of suspicious accounts is critical to reducing cyber fraud cases.
Faster Freezing of Fraudulent Transactions Planned
Cyberabad Police and banking officials also discussed streamlining the process for freezing fraudulent transactions quickly.
The aim is to secure victims’ funds immediately after cyber fraud complaints are reported.
Officials stressed the importance of reducing delays in action during the first few hours after digital fraud incidents.
Banks Asked to Set Up 24/7 Cybercrime Desks
As part of the anti-cybercrime strategy, banks were instructed to establish dedicated 24/7 cyber cells for better coordination with police authorities.
The dedicated desks are expected to improve communication and speed up action in cyber fraud investigations.
Police Seek Faster Access to KYC and Transaction Data
Officials also discussed reducing delays in sharing KYC details and transaction-related information with investigating officers.
Cyberabad Police said quicker access to banking records would help accelerate investigations into online fraud cases.
The current status of the anti-cybercrime coordination measures remains under implementation following the meeting.
Commissioner Dr. M. Ramesh Advises Public to Stay Alert
Cyberabad Police Commissioner Dr. M. Ramesh advised citizens to remain cautious while dealing with investment offers and online financial transactions.
He urged the public to verify all investment schemes carefully and immediately report suspicious activities.
People can report cybercrime incidents by:
- Calling 1930
- Visiting National Cyber Crime Reporting Portal
Cyberabad Police Commissioner Dr. M. Ramesh led a high-level meeting with major banks as cyber fraud losses in 2026 crossed Rs 104 crore. Police and banking officials discussed measures including crackdown on mule accounts, faster freezing of fraudulent transactions, establishment of 24/7 cybercrime desks, and quicker sharing of KYC data for investigations. Cyberabad Police also urged citizens to stay alert and report suspicious online activities immediately.
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