The Hindu reports: Strengthening coordination between banks and law enforcement agencies in cybercrime-related cases, particularly those involving mule accounts, digital frauds, freeze and defreeze procedures, and refund-related issues, was the key focus of the coordination meeting with bankers across the Cyberabad commissionerate on Friday, May 8.The meeting brought together representatives from several public and private sector banks along with senior police officials.Addressing the gathering, Cyberabad Police Commissioner M. Ramesh said cybercrime has emerged as one of the most serious threats facing society, with victims losing large sums of money through fake investment schemes, online scams, cryptocurrency frauds, pre-launch offers and fraudulent call centre operations.He said cyber fraud losses in Cyberabad stood at ₹438 crore in 2025, while cases reported so far in 2026 had already resulted in losses of nearly ₹104 crore.During the meeting, DCP Cyber Crimes T.
Originally reported by The Hindu. This story has been edited and re-presented by BRIC Team.
